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AirAsia has started repaying RM300m SDB loan
Published on: Thursday, March 24, 2022
By: James Sarda
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AirAsia has started repaying RM300m SDB loan
The loan for the airline was approved under the previous Warisan-Plus State Government. (Bernama file pic)
Kuala Lumpur: AirAsia has started repaying the RM300 million loan it obtained from the Sabah Development Bank (SDB) which was approved under the previous Warisan-Plus State Government.

Its CEO Riad Asmat told Daily Express this was in line with its obligation when securing the facility which became a controversy then, in view of airlines facing problems staying afloat following the onset of the Covid-19 pandemic.

"We have started repaying it. It was a loan and we are following the necessary understanding (with the State Government)," he said.

However, he did not state the time frame within which it would be settled.

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