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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Khazanah safety net for MAS

Posted on 23 May 2012

Khazanah Nasional Bhd will provide a safety net rather than an outright bailout of Malaysia Airlines (MAS). MAS announced yesterday, it has almost secured about RM8.8 billion to fund its capital expenditure (capex) and working capital requirements.
The announcement, however, was fitted with a statement that Khazanah will take up any shortfall in funding via an equity capital injection. “That equity injection is to help finance any unfunded aircraft capex and also for any unfunded working capital needs which there are none at this time………………………………………..Full Article: Source


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