Sarawak Cable plans to sell helicopters to cut losses

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

KUCHING: Sarawak Cable Bhd is to scale down its loss-making aviation business with the disposal of several helicopters.

According to managing director Datuk Ahmad Redza Abdullah, Sarawak Cable hopes to sell three helicopters – two units of H135 and one unit of H125 – in the coming months.