AirAsia Group Bhd is looking to raise as much as RM2.5 billion by year-end and is also reviewing its business in Japan as the airline seeks to weather the Covid-19 crisis, its chief executive said on Monday.

Group Chief Executive Officer Tony Fernandes told Reuters in an interview that the group, Malaysia’s flagship budget airline, could raise up to RM1.5 billion from bank loans and another RM1 billion from investors, which include private equity players, strategic partners and conglomerates, both local and foreign...