KOTA KINABALU, Dec 4 — AirAsia operator Capital A Bhd said today it has already paid up half of the RM300 million loan it took during the Covid-19 lockdown to Sabah Development Bank.
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The low-cost carrier’s chief executive Tan Sri Tony Fernades said the loan had gone a long way to help AirAsia get back on its feet following the pandemic and it was hoping for more financial support to get things back to normal.
“We paid half the loan already. A lot has been done since then — flights, logistics…,” he said when asked to comment on a recent comment by the state finance minister that Sabah had lost a lot of money through loans to peninsula-based companies that eventually went bankrupt.
“I don’t think we will have a problem with repayment. We will talk to the minister about it but we have paid half already and look at what we’ve done. If AirAsia had gone bankrupt Sabah would be worse off.”
“So loans have…
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