Putrajaya has yet to ink any agreement to provide low-cost aviation company AirAsia with financial support.

The government’s affirmation on the matter came after reports of growing financial pressures faced by the budget airline amid skyrocketing jet fuel costs, with the company seeking RM1 billion from international debt markets and RM700 million in local credit facilities.

While the Finance Ministry had reportedly hired a consultant to assess AirAsia’s financial standing, company co-founder and adviser Tony Fernandes previously denied seeking financial assistance from the government, but said it would be “foolish” to reject any offered help.

In a parliamentary written reply yesterday, the Finance Ministry did not directly confirm whether AirAsia had sought the government’s assistance to aid its financial woes.