Country’s airlines in trouble without cash injections, says Mavcom

Malaysian Aviation Commission director of aviation development Germal Singh noted that the government is unlikely to intervene to help out, and Malaysia Airlines shareholder Khazanah Nasional Bhd will have to make a critical decision whether to intervene and inject fund

PETALING JAYA: One of Malaysia’s airlines could potentially shutter by year-end, as the balance sheets of both AirAsia Group Bhd and Malaysia Airlines Bhd are stretched and require cash injections, said Malaysian Aviation Commission director of aviation development Germal Singh.

According to a Bloomberg report, Germal noted that the government is unlikely to intervene to help out, and Malaysia Airlines shareholder Khazanah Nasional Bhd will have to make a critical decision whether to intervene and inject funds.