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01 October 2019
HALAL ECONOMY

Khazanah’s decision on Malaysia Airlines to impact stakeholders

The national carrier’s stakeholders disagreed with the proposed merger with AirAsia X, a move that is believed to be a bailout for the long-haul low-cost arm of AirAsia Group.

MALAYSIA AIRLINES/BLOOMBERG


Malaysia’s sovereign fund, Khazanah Nasional, said that any decision regarding the future of national carrier, Malaysia Airlines would be a policy decision that impacts various stakeholders, reported, Malaysian Reserve.

Khazanah said that the review on Malaysian Airlines is underway and involves multiple parties that have expressed in it.

“The review of strategic options for Malaysia Airlines is ongoing and involves multiple parties that have expressed interest, the airline’s future is a policy decision that impacts various stakeholders including Malaysia Airlines, its staff and customers,” said Khazanah Spokesman.

The proposed merger with AirAsia X would require the government to inject money to cover the airline’s operational expenditures, recapitalise the airline and settle all its outstanding debts before the tie-up.


RELATED STORIES: MALAYSIA AIRLINES KHAZANAH NASIONAL AIRASIA GROUP AIRASIA X


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