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Sovereign Wealth Funds Briefing - Categorized | Financials

Malaysian Airlines faces bankruptcy or going private

Posted on 23 July 2014

Malaysian Airline System Bhd., reeling from its second disaster in four months, is likely near the end of its days as a publicly traded company. The company plans to present a revival plan to its state-run parent Khazanah Nasional Bhd. this week, people familiar with the matter said Monday, asking not to be identified because the talks are private. The options range from Khazanah taking Malaysian Air private to bankruptcy, according to one of the people, with both routes involving a delisting.
Even a month before the latest disaster, Khazanah was estimating that the unprofitable airline only had enough funds to last it about a year………………………………………..Full Article: Source


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