‘RM300m loan to AirAsia aimed at developing Sabah’

30 Oct 2020 • 10:19 AM MYT
Daily Express
Daily Express

Daily Express Online (Malaysia) is Sabah's top-ranked & most viewed English news site. It is also Sabah's leading & most circulated daily English newspaper.

Kota Kinabalu: Sabah Development Bank’s (SDB) RM300 million loan to AirAsia Berhad is not aimed at assisting the airline’s recovery but developing the State which will benefit Sabahans. 

Wira Warisan Sabah Deputy Chief Mohd Ismail Ayob (pic) said the loan was in fact a conditional agreement which would benefit both parties, as AirAsia offered to make Sabah an international agricultural hub and to upgrade the Kota Kinabalu International Airport (KKIA). 

“The conditional loan can be considered a win-win situation.

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