Malaysia Airlines may be taken private for restructuring


KUALA LUMPUR: Khazanah Nasional Bhd plans to take Malaysia Airlines (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its flight MH370, two people with direct knowledge of the matter told Reuters.

A delisting would pave the way for Khazanah to revive the ailing carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team.

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Business , Corporate News , MAS , 3786

   

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