PETALING JAYA: National sovereign fund Khazanah Nasional Bhd is scheduled to disburse up to RM1.6bil within the next three months to Malaysia Airlines (MAS) as part of the second phase of its conditional investment funding totalling RM6bil to completely overhaul the national carrier.
The conditions for the disbursement are the delivery of key milestones, specifically, a new company (NewCo) business plan approved by Khazanah and MAS’ board of directors, a corporate governance review, the implementation of a talent selection process as well as talent management and development programmes, and financial and operational targets to be agreed upon.
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