KUALA LUMPUR, Malaysia (AP) — Malaysia’s state investment company says it wants to remove struggling Malaysia Airlines from the stock exchange, making it fully state-owned before a far-reaching overhaul of its business.
Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price. Malaysia Airlines has been hit by two major disasters this year, which added to its longstanding financial woes.
Khazanah says a “complete overhaul” of the airline would be carried out.
In March, Flight 370 from Kuala Lumpur to Beijing disappeared with 239 people …read more
Source: The Huffington Post
