AviationToo many bailouts, now Malaysia eyes proposals for MAB sale.

Will Singapore make a play for Malaysia Airlines?

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Malaysia-Airlines 190711
Malaysia will sell a stake in the national carrier – with conditions attached.

But suitors would have to meet two conditions: the first, to keep the airline’s identity as a Malaysian carrier, and the second to avoid laying off workers.

Malaysia’s prime minister Dr Mahathir Mohamad has given the strongest hint yet that he is open to selling off a majority stake in national carrier, Malaysia Airlines Bhd (MAB).

But suitors would have to meet two conditions: the first, to keep the airline’s identity as a Malaysian carrier, and the second to avoid laying off workers.

Dr Mahathir, asked whether Singapore Airlines was in the mix for a buy-out, told local media that Malaysia Airlines had been bailed out too many times and if saving the airline meant giving up a majority stake in the airline then all options would be considered.

“We are studying all the proposals, some are concrete, and some are merely verbal proposals. We don’t ignore anyone,” he said.

“So, we may not have a majority, but we have to preserve some government role. Everyone promises that they can turn around the company, but in the end they all failed.

“This time around, we don’t want to give [control of the airline] without really studying the capabilities of the people who may want to take over,” The Edge Financial Daily reported.


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