24.04.2015 - Khazanah says ‘too early to tell’ if MAS revamp will be successful
Malaysian state-owned investment arm Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar said it was still "too early to tell" if loss-making Malaysian Airline System (MAS) would be successfully turned around under its restructuring. Khazanah had privatised and delisted MAS in December 2014 to restructure the airline within five years. MAS's revamp follows two aviation mishaps involving the airline last year. These mishaps had resulted in MAS posting a net loss of RM1.33 billion in the nine months ended September 30, 2014 from a net loss of RM830.25 milllion a year earlier........................................Full Article: Source
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