AirAsia co-founder and adviser Tony Fernandes insists that the troubled airline can navigate its financial turbulence without government assistance.

This comes after he reportedly had a recent meeting with officials from both the Finance Ministry and the Transport Ministry to discuss potential support from Putrajaya.

The low-cost airline is in financial trouble amid skyrocketing jet fuel costs, and is seeking RM1 billion from international debt markets and RM700 million in local credit facilities.

Putrajaya has also reportedly held talks with Malaysia Airlines and Batik Air about potentially absorbing AirAsia’s domestic market share.