Kuala Lumpur (AFP) – Malaysia Airlines suspended its shares from the country’s stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year.The airline, whose already loss-making operations took a further beating after the two tragedies, said in a notice to the Kuala Lumpur stock exchange last week that trading would be suspended from Monday.A Malaysia Airlines spokesperson confirmed the stock ceased trading.Under a plan announced in August, state investment fund Khazanah Nasional, which already owned around 70 percent of the carrier, is acquiring all remaining shares, de-listing …read more
Source: Business Insider
