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KUALA LUMPUR: Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.
THIS period is the aviation industry’s darkest hour with no clear signs when airlines will be able to restart the hundreds of airplanes grounded at airports and other global sites.
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
KUALA LUMPUR: QSR Brands (M) Holdings Bhd (QSR Brands), the food chain brand that operates KFC and Pizza Hut Malaysia, has appointed Datuk Mustafha Abd Razak as chairman and Nehchal Khanna as managing director, effective yesterday.
PETALING JAYA: Opinion is divided on whether the government should help all airlines or be selective even though support is critical during the Covid-19 pandemic
To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
PETALING JAYA: Soft loans, cash injection and grants are what the local airlines need immediately to pay salaries to their staff, service loans and aircraft leases to stay afloat during this turbulent times and not complex mergers.
KUALA LUMPUR: Malaysia is exploring the possibility of bailing out domestic airlines that have been hit hard by the coronavirus outbreak, according to people with knowledge of the matter.
KUALA LUMPUR: The second-round of economic package to cushion the impact of COVID-19 on the country should have a slight change of strategy from "stimulating" the economy to "protecting" the productive potential as both the health and economic crises worsen, said Khazanah Research Institute (KRI).