AirAsia: RM300m SDB loan complies with laws, procedures

AirAsia Group Bhd has reiterated that the transaction whereby it secured the aggregate RM300 million loan facilities from Sabah Development Bank (SDB) was completed in accordance with all laws, policies and procedures pertaining to its application.

In a filing with Bursa Malaysia today, the budget carrier also said the transaction took five months to complete from the time of application.