Debt-laden Malaysian Airlines has received 5 proposals, says PM Mahathir

Debt-laden Malaysian Airlines has received 5 proposals, says PM Mahathir

Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport
Malaysia Airlines planes sit on the tarmac at Kuala Lumpur International Airport on Jul 21, 2014. (File photo: Reuters/Edgar Su)

LANGKAWI: Malaysia has received five proposals for its debt-laden national carrier Malaysia Airlines, Prime Minister Mahathir Mohamed said at a group media briefing on Monday (Jan 20).

READ: Commentary: Has embattled national carrier Malaysia Airlines seen the last of its glory days?

“There are about five proposals but of course some of them are just no go,” Mahathir said without giving more details.

“We need to listen to everybody to find out what is the best solution.”

READ: Putrajaya has received 4 offers to take over Malaysia Airlines: PM Mahathir

The Malaysian government has been seeking a strategic partner for the financially struggling airline, which is still recovering from two tragedies in 2014, when flight MH370 disappeared in what remains a mystery and flight MH17 was shot down over eastern Ukraine.

Taken private by sovereign wealth fund Khazanah Nasional Bhd in 2014, the national carrier has been struggling to post a profit.

Source: Reuters/aa

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