Local, foreign firms express interest in buying Malaysia Airlines, Mahathir Mohamad says
- The airline has had two CEOs leave before the end of their contracts since it was taken private by Khazanah Nasional in 2014
Malaysia was still studying options for the financially troubled flagship carrier, he told reporters.
The government will consider whether to change the airline’s management, downsize or expand it, he said.
Is it worth the cost of keeping Malaysia Airlines aloft?
“Although we hired foreign management, MAS still faced losses. Therefore, one of the options is to sell,” he said, referring to Malaysia Airlines by its former acronym MAS.
The airline has had two foreign CEOs leave before the end of their contracts since it was taken private by sovereign wealth fund Khazanah Nasional in 2014.
“I love MAS. I want MAS to be a national airline, but it looks like we cannot afford it,” the leader added.
Khazanah Nasional had said earlier this month that the government needed to decide on its investment in, and level of support for, the struggling airline.