PETALING JAYA: Although it remains to be seen if a proposed share swap among key shareholders of Malaysia Airlines (MAS) and AirAsia can save the former from its troubles in the long term, MAS stands to benefit the most from the transaction.
Under the highly anticipated deal to be announced today, AirAsia group chief executive officer Tan Sri Tony Fernandes and his Tune Air partner and AirAsia deputy CEO Datuk Kamarudin Meranun are expected to swap a portion of their AirAsia shares for 20% of Khazanah Nasional Bhd's stake in MAS.
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