What AirAsia can do to survive the pandemic

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It was recently reported that AirAsia Group Bhd’s current liabilities had surged to RM8.5 billion, exceeding its current assets by RM3.6 billion.PETALING JAYA: Aviation specialist Roger Teoh has suggested that AirAsia issue new shares to strengthen its cash position to survive the Covid-19 pandemic. Speaking to FMT, Teoh noted that the airline raised RM1 billion in debt financing last week but said raising its equity capital might still be necessary and could be favourable because its share price was still selling above its net tangible asset value. “With the new equity, AirAsia can then leverage up by raising more debt to further shore up its liquidity position,” he added. It was recently reported that AirAsia Group Bhd’s current liabilities had surged to RM8.5 billion, exceeding its current assets by RM3.6 billion. Roger TeohIt slipped into the red in the first quarter of the ye…