November 30, 2020

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

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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.