PETALING JAYA: In the boldest move yet to overhaul the ailing Malaysia Airlines (MAS), the Government has decided to bite the bullet by taking the national carrier private to enable a massive restructuring move.
It will be delisted from Bursa Malaysia in a corporate exercise that will shield the airline from public glare as it carries out painful measures, including job cuts of its 20,000 workers, downsizing of operations and renegotiation of contracts.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
