KUALA LUMPUR: Malaysian sovereign wealth fund Khazanah Nasional Bhd said on Monday (Aug 19) it had pumped another 300 million ringgit (US$72 ...
KUALA LUMPUR: Malaysian sovereign wealth fund Khazanah Nasional Bhd said on Monday it had pumped another 300 million ringgit into Malaysia Airlines to keep the national carrier afloat as it considers offers for the company.
Malaysia Airlines has been struggling to transform its operations and return to profitability since two disasters struck in 2014, when flight MH370 mysteriously disappeared and flight MH17 was shot down over eastern Ukraine.Khazanah, which took the airline private in 2014, said it made the capital injection as part of an earlier approved funding. The infusion was first reported by Malaysian newspaper the Edge Financial Daily."Several parties have publicly expressed their interests in .
Malaysia's Prime Minister Mahathir Mohamad said in March the government was considering whether to shut, sell or refinance Malaysia Airlines.
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