i m thinking....

right issue with some sweetener such as free warrants? Then substantial shareholder to provide full undertaking maybe?

With the commitments from the substantial shareholder, i guess bank loans are easier to get.... Placement to a white knight in this current environment quite susah, unless there will be some sort of commitment from the substantial shareholder?

in this dire situation, personal guarantee by mr tony and gang? I feel owner's commitment is a must if want to save this company.

Besides, this covid thingie is just a temporary event, at least for now. I m very certain that airasia's advisor sure will bull their way through and claim that once covid gone, things will back to normal. And the bank will definitely try to accommodate that too because everyone knows covid will be a temporary thing (at least for now).