AirAsia secures RM300m loan from Sabah Development Bank

AirAsia Group Bhd has approved and disbursed a RM300 million loan from Sabah Development Bank Berhad to its units as part of the group's fundraising efforts, the budget airline said in a bourse filing on Friday.

The airline said the loan was not backed by a government guarantee, which the group has been seeking for a portion of the loans it hopes to secure...