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Sovereign Wealth Funds Briefing - Categorized | Financials

Malaysian government spends $10 million on plane searches

Posted on 14 November 2014

Malaysia has spent 33.46 million ringgit (10 million dollars) to date in the search and rescue operations after two tragedies hit its national airline this year, an official said Thursday. The Malaysian state sovereign fund Khazanah Nasional has said that it would pump 6 billion ringgit into the ailing Malaysia Airlines to rehabilitate the national carrier.
Transport Minister Liow Tiong Lai said 3,732 Malaysian civil servants have helped in the massive multinational search and rescue operations for Malaysia Airlines flights MH370 and MH17…………………………………..Full Article: Source


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