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Story summary
- Malaysia's government asked Malaysia Airlines and Batik Air to take over AirAsia's domestic market share.
- AirAsia controls roughly 60% of Malaysia's domestic flights and 40% of the overall market.
- The carrier posted a RM831 million net loss for the quarter ended June 30, driven by fuel and forex.
- The airline seeks up to US$1 billion debt and RM700 million credit, though sources estimate US$3 billion needed.