Malaysia Airlines’ fate to be decided soon: Malaysian Prime Minister
Malaysian Prime Minister Mahathir Mohamad said on March 12 that the Malaysia Airlines could be sold or shut down, which is the latest bad news for the national flag carrier of Malaysia.
Talking to the press on the future of the 71-year-old airline, PM Mahathir Mohamad said the Malaysian government is studying options for the national carrier, stressing that it is a very serious matter to shut down the airline.
He said a decision should be made soon.
Following two disasters in 2014 when flight MH370 disappeared and flight M7 was shot down over eastern Ukraine, Malaysia Airlines was taken private by sovereign wealth fund Khazanah Nasional Bhd, which undertook some major reforms.
However, the airline still struggled financially and it was said to be accounted for half of the whopping 7.3 billion RM losses of Khazanah Nasional Bhd last year.
Source: People's Army Newspaper