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CLARIFICATION IN RELATION TO THE ARTICLE APPEARING ON THE EDGE MALAYSIA ON 30 NOVEMBER 2020 ENTITLED "AIRASIA OUTLINES REVIVAL PLAN FOR LCCS IN INDOCHINA"

BackNov 30, 2020
Type Announcement
Subject OTHERS
Description

AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") CLARIFICATION IN RELATION TO THE ARTICLE APPEARING ON THE EDGE MALAYSIA ON 30 NOVEMBER 2020 ENTITLED "AIRASIA OUTLINES REVIVAL PLAN FOR LCCS IN INDOCHINA"

We refer to the article published in The Edge Malaysia today, 30 November 2020, regarding the Company’s plans to raise between RM2 billion and RM2.5 billion in funding, specifically on the statement: “Around RM1 billion of this was already reported as soft loans from the government".

 

The Board of Directors of the Company wishes to clarify that as mentioned in AAGB’s 3Q2020 Earnings Press Release and 3Q2020 Earnings Deck available on AAGB’s Investor Relations website, we are in the midst of securing commitments from the banks for the Danajamin Prihatin Guarantee Scheme (DPGS) in Malaysia and other bank financing in other markets.

 

We have communicated that we are raising up to RM2 billion to RM2.5 billion in total from debt and equity. We wish to clarify that we have never expressly or indirectly claimed to have obtained soft loans of around RM1 billion from the Government.

 

This announcement is dated 30 November 2020.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 30 Nov 2020
Category General Announcement for PLC
Reference Number GA1-30112020-00090