AirAsia Group wins approval for RM500m govt-guaranteed loan

Malaysia's AirAsia Group has received approval from Danajamin Nasional Bhd for a club facility of up to RM500 million (US$120 million), it said in a statement on Tuesday.

The loan, 80 percent of which is guaranteed by the government, is earmarked for working capital purposes, which will support staff costs and key operating expenses...