Fri, Dec 2, 2016
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

Malaysia SWF prepares rescue plan for national carrier

Posted on 11 June 2014

Malaysia Airlines has enough cash to remain operating for about 12 months, the country’s sovereign wealth fund said on Tuesday, amid signs that Malaysian passenger traffic has started to stabilise after the initially disastrous impact of missing flight MH370. Azman Mokhtar, managing director of Khazanah, Malaysia Airlines’ biggest shareholder, said the government would unveil a rescue plan for the embattled national carrier in six to 12 months.
Khazanah owns 69.4 per cent of the airline, which was already struggling amid competition from low-cost carriers even before the disappearance of the Boeing 777 airliner three months ago on a flight from Kuala Lumpur to Beijing………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
December 2016
M T W T F S S
« Nov    
 1234
567891011
12131415161718
19202122232425
262728293031