Malaysia’s state investment firm Khazanah Nasional has proposed a “complete overhaul” of troubled national carrier Malaysia Airlines.
Khazanah wants to buy the shares it does not already own in Malaysia Airlines and delist the carrier.
The airline has been hurt by two major tragedies – the crash of flight MH17 in Ukraine and disappearance of flight MH370 – in recent months.
The two incidents have triggered concerns about the airline’s future.
Khazanah, which currently owns 69.4% of the airline, has offered to pay 0.27 ringgit per share for the remaining stock, a 12.5% premium to the closing price on Thursday.
Trading in shares in Malaysia Airlines was suspended on Friday, ahead of the announcement.
Leave a Reply