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AirAsia loan benefitted Sabah: Shafie
Published on: Friday, December 01, 2023
By: Nikko Fabian
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AirAsia loan benefitted Sabah: Shafie
The Senallang Assemblyman also stressed that the RM300 million loan given to AirAsia through Sabah Development Bank (SDB) has cost benefits.
Kota Kinabalu: Parti Warisan Sabah said there is a need to conduct thorough probe to determine the reasons why government linked companies (GLCs) failed to perform well.

“There is a need to find out why these GLCs are losing money…An in-depth investigation into non-performing GLCs is indeed needed,” former Sabah Chief Minister Datuk Seri Shafie Apdal said.

“This is the State’s money, not funding that we asked from the Federal Government. We need to find out if there are leakages or misappropriation of funds and ensure that action is taken to stop it.” 

The party President, who is also Senallang Assemblyman, also stressed that the RM300 million loan given to AirAsia through Sabah Development Bank (SDB) has cost benefits.

“At that time MAS (Malaysia Airlines) did not have flights from Kota Kinabalu to Sandakan and Tawau and AirAsia mounted flights to the two districts. Now AirAsia is repaying its loans and is bringing in visitors to Sabah.

“AirAsia is also helping Sabah’s exports in terms of transporting food products out of the State to other countries.

“This means we do not have to purchase planes or hire staff (and) these are the cost benefits of the loan,” he stressed.

Warisan came under fire when the loan was extended to the airline when it was in power because it coincided with the onset of the Covid-19 pandemic and closure of international air routes for nearly two years. 

AirAsia has since started repaying the loan. 

Warisan Deputy President Datuk Darell Leiking, who was also present, urged the Government to list out the names of those who were given the trust and responsibility to manage and administer its GLCs but failed to do the job.

The Moyog Assemblyman pointed out that when the GLCs do not perform, it means that those appointed have failed to carry out the responsibility and trust given to them by the Government.

“When there are leakages or abuse of power or corruption, even before they are charged in court, we should list out who they are so that they will not be given a second chance. Who knows the next government may appoint them to another outfit.

“It is not that we want to punish them as they will have their time in court but they should be exposed because this is our money,” he stressed.

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