26.05.2015 - State fund appoints administrator for Malaysia Airlines restructuring
Malaysian sovereign wealth fund Khazanah has appointed Mohammad Faiz Azmi to oversee the restructuring of now delisted Malaysia Airlines into a new company that will be owned by the fund. Azmi will oversee the transfer of the assets and liabilities of MAS, with the new company due to start operating by September. Khazanah took MAS private last year as part of a MYR6 billion ringgit (USD$1.66 billion) restructuring aimed at returning the troubled carrier to profit...............................................Full Article: Source
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