PM: Malaysia Airlines could be closed down
Malaysia Airlines could be in danger of disappearing as the Malaysian government considers all options for the troubled national carrier.
Responding to media questions Malaysia PM Mahathir Mohamad said all options are on the table.
That could involve state refinancing, a sell-off or closing down the airline.
A decision will be made ‘soon,’ the PM said.
"It is a very serious matter to shut down the airline. We will nevertheless be studying and investigating as to whether we should shut it down or we should sell it off or we should refinance it," he said.
Sovereign wealth fund Khazanah Nasional took Malaysia Airlines private following the two air disasters of 2014.
The location of Flight MH370 is still a mystery after disappearing from radar and Flight MH17 was shot down over eastern Ukraine a few months later.
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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.
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