AirAsia expects $1bn financing by January amid fuel cost pressure

Budget carrier denies receiving government bailout after massive share sell-off An AirAsia jet sits on the tarmac at Senai International Airport in Johor Bahru, Malaysia, in December 2025: The budget carrier is seeking new funds to refinance its debts. (Photo by Ken Kobayashi) KUALA LUMPUR — AirAsia Group co-founder Tony Fernandes said Friday the Malaysian budget airline expects to secure $1 billion in financing by January, as concerns mount over its financial health in the face of high fuel costs.

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