MAS may tap banks for restructuring

SINGAPORE: Malaysia Airlines (MAS) and its key stakeholders are in talks with banks for a strategic overhaul that could include the partial sale of its engineering unit and an upgrade of its ageing fleet, sources involved in the discussions said.

Even before the loss of its flight MH370 from Kuala Lumpur to Beijing on March 8, there was talk that loss-making MAS might need a financial rescue from Khazanah Nasional Bhd, which owns 69% of the company.