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AirAsia settled over half of RM300 mil Sabah loan, says Tony Fernandes

airasia-settled-over-half-of-rm300-mil-sabah-loan,-says-tony-fernandes

AIRASIA Group has successfully repaid more than half of the RM300 million loan it obtained from Sabah Development Bank during the height of the pandemic when the airline was struggling to stay afloat.

AirAsia CEO Tan Sri Tony Fernandes stated that the loan not only enabled the firm to survive during the Covid-19 crisis and sustain thousands of staff, but also mutually benefited the company and Sabah.