MAS going private for total overhaul

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.