AirAsia Group's RM300m loan for Sabah operations


AirAsia aircraft parked during the Movement Control Order. The low-cost carrier said the RM300mil loan from Sabah Development Bank Bhd was in line with AirAsia’s pivot into the digital business.

KUALA LUMPUR: AirAsia Group Bhd plans to use the RM300mil loan from Sabah Development Bank Bhd for its digital food supply chain in Sabah and also the Kota Kinabalu International Airport project.

The low-cost carrier said on Friday the loan was part of the fund raising exercise undertaken by the company.

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