04.03.2015 - MAS turnaround takes off with Khazanah's $603m boost
Sovereign wealth fund Khazanah Nasional said yesterday it will kick-start the immensely challenging task of turning around flag carrier Malaysia Airlines (MAS) with a RM1.6 billion (S$603 million) injection and cost savings through contract reviews. MAS has been badly hurt financially after the disappearance of Flight MH370 on March 8 last year, and the shooting down of MH17 over Ukraine four months later. Both disasters prompted some travellers to avoid MAS. Its last reported quarter (July to September last year) showed planes were 11.3 per cent less full compared to the number a year ago..............................................Full Article: Source
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