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Sovereign Wealth Funds Briefing - Categorized | Investment

State fund to take over Malaysia Airlines, plans ‘complete overhaul’

Posted on 11 August 2014

Malaysia’s government will carry out a “complete overhaul” of its troubled national airline in an attempt to revive the loss-making company after it was hit by two devastating jetliner disasters this year.
State investment fund Khazanah Nasional’s proposed 1.4 billion ringgit ($436 million) buy-out of the shares it does not own paves the way for it to take steps such as cutting back on less-profitable routes, trimming the bloated payroll and installing a new management team…………………………………Full Article: Source


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