Malaysians were perplexed yesterday by news of yet another bailout of Malaysia Airlines (MAS) when its parent - Malaysia Aviation Group Bhd (MAG) - revealed that sovereign trust unit Khazanah Nasional has committed to inject RM3.6bil in new capital into the perennially loss-making airline. This latest bailout comes after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz’s statement last November that RM28 billion had been injected into MAS by Khazanah then, raising the total bailout of MAS to RM31.6bil.
To put what RM31.6bil amounts to in a layman’s perspective, it means that if that amount was given to every Malaysian adult and child in Malaysia’s population of 32.7 million as at December 2020, each will get RM967. A family of 5 will receive RM4,835 - a handy sum in the current Covid-19 pandemic.
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