8/8/2014 3:35:42 PM
|written By : Team India Se|
In a significant move to save Malaysia Airlines, which has been struggling after losing two aircrafts in quick succession, Khazanah Nasional said that it intends to delist the company and purchase all minority shares offering 27 sen per share. Simultaneously, it will also put in place a restructuring plan to resurrect the airline company.
Khazanah said all stakeholders will need to work together to save the company via a "complete overhaul" extending across "the airline's operations, business model, finances, human capital and regulatory environment". The step, widely expected, requires approval from MAS' board. The airline said its operations would be unaffected in the interim.