02.12.2014 - Khazanah establishes Malaysia Airlines' successor holding company
Malaysia Airlines is on track with its restructuring programme the carrier's majority shareholder, Khazanah Nasional Berhad, has said. The carrier's overhaul has taken on an air of increased urgency after it reported a third quarter net loss of MYR576.11 million (USD170.39 million), up from MYR375.4 million in the same period last year. For the first nine months of this year, Malaysian Airline System (MAS) has racked up cumulative losses amounting to MYR1.32billion (USD390.1million). Last week, the Malaysian Airline System Bhd (Administration) Bill 2014 formalizing the establishment of Malaysia Airlines Bhd, the successor to Malaysian Airline System Bhd, as the national carrier was tabled in Parliament for its first reading...............................................Full Article: Source
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