Khazanah refutes Malaysia Airlines merger reports

PETALING JAYA: Khazanah Nasional Bhd, the major shareholder of the ailing Malaysia Airlines (MAS), has dismissed media reports speculating about a merger with AirAsia X Bhd.

Khazanah said the reports were “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.

In recent weeks foreign wire services have been speculating that MAS might be taken private or enter into a merger with budget long haul carrier AirAsia X.