Khazanah pumps RM500m into Malaysia Airlines

-A Monitor Report16 May, 2019 | 1006 Views|-+
Kuala Lumpur : Malaysia's sovereign wealth fund Khazanah Nasional Bhd has pumped RM500 million into Malaysia Airlines Bhd even as more parties are showing interest in acquiring a stake in the ailing national carrier.

On March 12, Mahathir said the government was studying whether to shut, sell or refinance the loss-making Malaysia Airlines after four failed restructuring attempts, and that a decision would be made soon.

A spokesperson for Khazanah said that the capital injection into Malaysia Aviation Group Bhd, the holding company of Malaysia Airlines, is part of the RM6 billion funding approved under the 12-point MAS Recovery Plan in 2014.

However, the spokesperson declines to disclose the amount that has been disbursed so far. In January last year, Khazanah reportedly disbursed RM4.4 billion or 70 per cent of the RM6 billion to the carrier.

This latest disbursement comes at a time when a group, led by a local business tycoon, has emerged as the latest suitor for Malaysia Airlines.

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