Apology notice
MalaysiaNow's report on AirAsia's RM500 million loan from Danajamin Nasional.
“Questions raised over half-a-billion ringgit govt loan for troubled
AirAsia” in the English Language published on 24.1.2022 on the
“malaysianow.com” website (https://www.malaysianow.com/).
“Persoalan timbul berhubung pinjaman setengah billion ringgit AirAsia
daripada kerajaan” in the Malay Language published on 24.1.2022 on the
“malaysianow.com” website (https://www.malaysianow.com/).
On Jan 24, 2022, MalaysiaNow carried the above reports about Capital A Berhad (formerly known as AirAsia Group Berhad) obtaining a RM500 million loan from Danajamin Nasional Bhd.
The articles did not fully reflect publicly available information and included comments from an aviation analyst who questioned the approval of the loan, the viability of companies like AirAsia to recover from the effects of the Covid19 pandemic, as well as criticising AirAsia's ventures into other areas of business outside aviation.
However, MalaysiaNow did not approach AirAsia for a response or comment in respect of the matters reported on and the criticisms raised. We should have done so in the spirit of fair journalism and the right to reply. We regret this oversight by MalaysiaNow and apologise for it.
In line with our commitment to uphold high standards of accuracy and responsible journalism, we have since removed the articles from our platform.