Khazanah: No MAS-AirAsia X merger

KUALA LUMPUR: Khazanah Nasional Bhd, the major shareholder of the ailing Malaysian Airline System Bhd (MAS), has dismissed media reports speculating about a merger with AirAsia X Bhd.

 

Khazanah, the government's strategic investment fund, had on Thursday dismissed the reports as "unfounded and speculative".

 

"We also remind and urge all parties to not speculate on the restructuring of MAS, including potential mergers, de-listing and other restructuring options," it said.

 

Khazanah categorically stated a comprehensive review of all restructuring options was being undertaken and evaluated.

 

"The resolution of this review will be made after due consideration, and after respective approvals from the relevant parties and authorities, including the approval of the special shareholder, Minister of Finance, Incorporated.

 

"The outcome will be announced in due course, within the timeframe indicated previously," it said.