Is AirAsia too big to fail? It should be
Like most other airlines around the world, AirAsia has run into financial headwinds. What happens in the next few weeks will determine its future shape; this will almost certainly be different from its present form, but for the sake of aviation and tourism in Asia, it is highly important that it survives.
On 8-Jul-2020 EY served notice of "significant uncertainties with respect to the Company's ability to continue as a going concern".
AirAsia is now seeking investors, including a possible raising of some nature from its existing shareholders.
Losing the region's leading LCC would at one stroke threaten a large part of the region's tourism industry - in 2019 AirAsia carried more than 35 million passengers.
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