Govt ‘unable’ to recover 212 million pataca Viva Macau loan

2018-07-23 07:06
BY admin
Comment:0

The Economic Services Bureau (DSE) said in a statement yesterday that it was unable to recover a 212 million patacas loan granted to locally incorporated airline Viva Macau in 2008-09 and the latter’s Hong Kong-registered Eagle Airways as guarantor.


The loan was granted by the bureau’s Industrial and Commercial Development Fund (FDIC) after the airline hit financial turbulence in the wake of the global financial crisis of 2007-08. 

The DSE statement that the fund had been unable to locate any of the guarantor’s assets.

PLEASE READ THE FULL ARTICLE IN OUR PRINT EDITION.

0 COMMENTS

Leave a Reply