Khazanah still looking for a strategic partner for MAS

  • Investment
  • Tuesday, 21 Jan 2020

KUALA LUMPUR: Khazanah Nasional Bhd is still looking for a strategic partner for ailing national carrier Malaysia Airlines.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said Khazanah Nasional is still looking at offers from several interested companies, and this has been brought up at a board of directors meeting.

“But we still feel there is a need to look at other views and offers as the existing offers are not so interesting and should be studied first.

“Several international companies have expressed interest to help, as our intention is not to sell the national carrier but to find a strategic partner to improve its position today, ” he said.

He was speaking to reporters after witnessing a ceremony to recognise Ramly Food Industries Sdn Bhd as Bank Pembangunan Malaysia Bhd’s first recipient of the Industry Digitalisation Transformation Fund here.

“I don’t want to give a timeline but the prime minister had received a visit from an international company and I was asked to follow up on the discussion as soon as possible, ” he said.

In October last year, Azmin said that Khazanah Nasional had received several proposals from airline as well as non-airline companies to be strategic partners for Malaysia Airlines.

Asked about a potential conclusion to the exercise, he said: “I’m hoping we will be able to conclude the whole exercise as soon as possible as we want Malaysia Airlines to be on the growth path to reduce Khazanah’s financial burden.” On the revival of negotiations between Khazanah Nasional and Telenor ASA, Azmin said the sovereign fund would look at the deal if the offer was “good.”

“It was initiated last year but it was suspended due to some reason. So far, there has been no further development, “ he said.

Azmin was commenting on a news report stating that Khazanah Nasional and Telenor had revived talks on a potential deal involving Axiata Group Bhd. — Bernama

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