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us apple developer accounts for sale:AirAsia boss says 1 bln rgt in loans pending regulator approval -media report

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KUALA LUMPUR, March 27 - AirAsia Group Bhdexpects to secure 1 billion ringgit ($241.28 million)in loans from three Malaysian banks, pending approval from localregulators, group chief executive Tony Fernandes said in areport by The Edge Malaysia.

The budget airline said last week it had raised $82 millionthrough private share placements, in a bid to ensure liquidityin 2021.

Fernandes said the airline expected to have a "clear line ofsight" by June on how much funding they will be able to raise,which he estimated to be between 2 and 2.5 billion ringgit.

"What I'm confirming by the way is that banks have approvedpart of the 1 billion ringgit but Danajamin hasn't approved,"Fernandes was quoted as saying in an interview with The Edge,referring to the government's financial guarantee insurer.

He did not identify the three local banks involved.

Fernandes said they are also considering a loan offer fromthe Thai government via its Exim Bank, besides raising up to 1billion ringgit through rights issues. REUTERS


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