Stop the RM300m AirAsia loan: Yong

Kota Kinabalu: The new State Government must put a stop to the RM300 million loan approved by Sabah Development Bank (SDB) to AirAsia because SDB is mandated to provide development financing to projects in Sabah and not risky ventures, said SAPP President Datuk Yong Teck Lee (pic).

 He said since the Gabungan Rakyat Sabah government is barely a month in office, it is likely that this loan was approved by the previous State Government.

 The airline industry is hardly something that SDB should be taking risks in during the coronavirus pandemic, he said, adding any banker and businessman know what crisis the airline industry is facing.

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