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Sovereign Wealth Funds Briefing - Categorized | Market

Malaysia Airlines plans $778 mln rights offering

Posted on 23 December 2009

From Reuters: National carrier Malaysian Airline System Bhd (MAS),controlled by state investment firm Khazanah Nasional, plans to raise at least 2.67 billion ringgit ($777.5 million) from a rights issue to part finance new aircraft, its chief executive said on Tuesday.
MAS has placed an order for 15 A330s with Airbus, Chief Executive Officer Azmil Zahruddin told a news conference. Airlines globally have struggled in the past year as the economic crisis sapped demand for travel and trade, and as passengers turn to discount carriers to cut costs………………………………….Full Article: Source

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