News
Malaysia Airlines Group retains support of wealth fund owner
March 5th 2021
Malaysia's sovereign wealth fund, Khazanah Nasional Berhad, the sole shareholder of Malaysia Airlines Berhad's (MAB) parent company Malaysia Aviation Group Berhad (MAGB), said in its annual review published yesterday it would continue to "provide full support and close cooperation in comprehensive efforts to ensure the national carrier’s sustainability post-pandemic". Read More » Khazanah said a scheme of arrangement recently approved by the UK courts represented an "important component of the wider restructuring exercise which will achieve a reduction in MAGB’s liabilities of over RM15 billion (US$3.7 billion)”.
