[cityhantam]

https://www.theedgemarkets.com/article/a...its-appeal

AirAsia classified as PN17 company

[cityhantam]

PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia; relating to companies that are in financial distress. Companies that fall within the definition of PN17 will need to submit their proposal to the Approving Authority to restructure and revive the company in order to maintain the listing status.

[sgbuffett]

This a financially engineered company that used debt to expand. The cashflow is negative and every year it needs to grow debt to keep going.

Eventually it would have imploded whether via recession or pandemic etc.

The pandemic is good to help expose such companies and clear then out.

If they keep going the mess is bigger when they go down. Just like Hyflux.

Also Airasia is aiming for digital banking license in Malaysia. They have to be incompetent to ever give such a company a banking licence

[menghuii]

almost whole of asia is closed to each other
so how is airASIA going anywhere?

[starbugs]

I still remember Tony Fernandez once said AirAsia might one day be able to buy SIA. Arrogance comes before a fall.