Capital A, parent of AirAsia, has confirmed that it has rejected a new club facility of up to RM500 million under the Danajamin Prihatin Guarantee Scheme because it was not able to fulfil certain conditions. In a stock filing, the company stated that it would not be proceeding with the Club Facility because it is unable to accept and/or fulfil certain conditions, which include joint and several guarantees from Tan Sri Anthony Francis Fernandes and Datuk Kamarudin bin Meranun, and others. Capital A stated that it is “exploring other available debt financing alternatives with acceptable terms suitable to the operations

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