Khazanah injects US$72m Malaysia Airlines as it considers offers
Malaysian sovereign wealth fund Khazanah Nasional said Monday it had pumped another US$72m into Malaysia Airlines to keep the national carrier afloat as it considers offers for the company. Malaysia Airlines has been struggling to transform its operations and return to profitability since 2 disasters struck in 2014, when flight MH370 mysteriously disappeared and flight MH17 was shot down over eastern Ukraine. Khazanah, which took the airline private in 2014, said it made the capital injection as part of an earlier approved funding. "All strategic options (including partnership with other airlines) are being evaluated," a Khazanah spokesman said. "Several parties have publicly expressed their interests in (the airline). Khazanah will evaluate all serious offers". <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-08-20/oneworld/khazanah-injects-us-72m-malaysia-airlines-as-it-considers-offers
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Khazanah injects US$72m Malaysia Airlines as it considers offers
Malaysian sovereign wealth fund Khazanah Nasional said Monday it had pumped another US$72m into Malaysia Airlines to keep the national carrier afloat as it considers offers for the company. Malaysia Airlines has been struggling to transform its operations and return to profitability since 2 disasters struck in 2014, when flight MH370 mysteriously disappeared and flight MH17 was shot down over eastern Ukraine. Khazanah, which took the airline private in 2014, said it made the capital injection as part of an earlier approved funding. "All strategic options (including partnership with other airlines) are being evaluated," a Khazanah spokesman said. "Several parties have publicly expressed their interests in (the airline). Khazanah will evaluate all serious offers". <br/>
