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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

MAB doesn’t need additional funding from Khazanah

Posted on 13 October 2016

Malaysia Airlines Bhd (MAB) does not need additional funding from Khazanah Nasional Bhd and it is confident of performing better in the immediate future on the back of solid bookings from November this year until March next year. Chief Executive Officer Peter Bellew said the airline was currently operating with a load factor of up to 73 per cent and it was targeting higher load factor of 80 per cent over the next 18 months.
“Bookings for November and December are looking very good. We expect a lot of inbound tourists for January to March next year. There are no plans to ask for more funding as agreed upon with Khazanah………………………………….Full Article: Source


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