Malaysia Airlines taps Morgan Stanley to seek investment

Wednesday, 29 Jul, 2019 0

Deputy minister Mohammad Farid Mohd has confirmed that Morgan Stanley has been tasked by the Malaysian government to explore options for Malaysia Airlines.

The investment bank has been brought in in an advisory capacity to kickstart the airline’s recovery.

With the government’s blessing, it will explore all options, which could still lead to a stake sale.

Prime Minister Dr Mahathir Mohamad recently said the government had been considering a sale as well as ordering wholesale boardroom changes.

The airline’s fortunes took a nosedive in 2014 after two major air accidents and it has struggled ever since.

Sovereign wealth fund Khazanah Nasional Bhd took it over but has not been able to arrest its slide into debt.

Khazanah said the airline had RM6.3 billion in pre-tax losses last year.

 



 

profileimage

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.



Most Read

Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know

Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham

Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago

Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research

Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact

Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference

Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role

Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal

Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination

Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness

Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future

Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
TRAINING & COMPETITION
Skip to toolbar
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...