AirAsia says $72 million loan was obtained in appropriate manner

Topics AirAsia | AirAsia case


AirAsia Group Bhd said on Friday a $72-million loan the budget airline has secured was completed in accordance with laws, policies and procedures.

Earlier this week, the Malaysian Anti-Corruption Commission said it had begun an investigation into the loan made to AirAsia by Sabah Development Bank Bhd (SDB), a bank wholly-owned by the Sabah state government. The airline said in a stock exchange filing that “all discussions and negotiations with SDB and its officials were all conducted in an appropriate manner, on an arm’s.....

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