Khazanah: Firefly could be new national carrier


The comments by Datuk Shahril Ridza Ridzuan (pic) to Berita Harian yesterday are Khazanah's first public statements since it emerged that Malaysia Airlines’ parent company has warned that the flagship airline could be wound up if lessors did not agree to steep discounts.

KUALA LUMPUR: Khazanah Nasional Bhd has the option to channel funds to low-cost carrier Firefly which could become the country’s national airline if Malaysia Airlines was shut down, accoridng to the head of the sovereign wealth fund.

The comments by Datuk Shahril Ridza Ridzuan (pic) to Berita Harian yesterday are the fund’s first public statements since it emerged that Malaysia Airlines’ parent company has warned that the flagship airline could be wound up if lessors did not agree to steep discounts.

Firefly, which operates a fleet of 12 twin turboprops, mainly within the country, is a fully owned subsidiary of Malaysia Aviation Group (MAG).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil flat as chances of US strike on Iran recedes
Asia shares near record high on AI optimism, dollar up on receding Fed cut bets
Singapore's December exports rise 6.1% y-o-y, weaker than expected
Bursa Malaysia buoyed by improved investor appetite
PNB offers US$300mil secured exchangeable sukuk to strengthen portfolio diversification
IMF's growth forecasts to show resilience to global trade shocks, Georgieva says
Trading ideas: Binastra, Kerjaya Prospek, D&O, Dengkil, SkyGate, NexG, Vestland, Chin Hin, SC Estate Builder, ES Sunlogy, Infomina
Wall St ends higher as banks gain on upbeat results
Oil settles down as Trump comments ease Iranian supply concerns
Property segment set for solid expansion

Others Also Read