The Economic Times

Malaysia talks to rival airlines as it monitors AirAsia's financial health, sources say

Faced with challenges, the Malaysian government is exploring options for other airlines to take over AirAsia's domestic market presence. This comes as officials keep a close watch on the financial viability of the struggling airline. Malaysia Airlines and Batik Air are in talks about potential organic growth. AirAsia, grappling with rising jet fuel expenses and substantial liabilities, is in urgent need of fresh capital for debt restructuring.