Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Trends

Malaysia Airlines to be privatised and restructured

Posted on 04 July 2014

Sovereign wealth fund, Khazanah Nasional is planning a “major restructuring of the loss-making airline,” Malaysia Airlines (MAS) Reuters has reported. The carrier has been severely affected by the ongoing turbulence surrounding the disappearance of Flight MH370.
MAS has experienced a steep drop in passenger traffic since the aircraft was reported missing, a deciding factor in it announcing record losses for 2014 to date. MAS’ financial troubles predate Flight MH370, having posted losses for the last three years in an increasingly crowded market. Its market share has been increasingly narrowed by rivals such as AirAsia and Lion Air on short-haul routes, and the big three Gulf carriers on medium and long-haul flights………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15428 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031