Overcapacity, restructuring failure cause for MAB debacle, says Khazanah | The Malaysian Insight

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 16%
  • Publisher: 63%

Overcapacity, restructuring failure cause for MAB debacle, says Khazanah

Malaysia Headlines News

Malaysia Latest News, Malaysia Headlines

Khazanah Nasional managing director Shahril Ridza Ridzuan says the failure of MAG to return to the black was a net contributor to the sovereign wealth fund’s impairment of RM7.3 billion in 2018. – The Malaysian Insight file pic, October 23, 2019.

OVERCAPACITY in the aviation sector coupled with a restructuring plan that did not go well has left Malaysia Airlines Bhd to continue its debacle, according to Khazanah Nasional Bhd. In his statement to Parliament’s Public Accounts Committee , the sovereign wealth fund’s managing director Shahril Ridza Ridzuan said the national carrier has continued trending in the red partly due to the overall conditions in the aviation sector, especially in Malaysia.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Azmin: Khazanah, MAGB have shortlisted investors to be MAS' strategic partnerKUALA LUMPUR: Khazanah Nasional Bhd and Malaysian Aviation Group Bhd (MAGB) have shortlisted 20 potential investors to become strategic partners of Malaysia Airlines Bhd (MAS), says Datuk Seri Azmin Ali.
Source: staronline - 🏆 4. / 75 Read more »

What's new on The Malaysian Insight on 10/22/2019
Source: msianinsight - 🏆 8. / 63 Read more »

What's new on The Malaysian Insight on 10/23/2019
Source: msianinsight - 🏆 8. / 63 Read more »

Mexico to investigate govt officials over failure to nab El Chapo’s son | The Malaysian InsightMexico to investigate govt officials over failure to nab El Chapo’s son
Source: msianinsight - 🏆 8. / 63 Read more »

Zakir Naik never applied for Malaysian citizenship, says minister | The Malaysian InsightZakir Naik never applied for Malaysian citizenship, says minister
Source: msianinsight - 🏆 8. / 63 Read more »

4 strategic investors shortlisted to turn around ailing Malaysia Airlines | The Malaysian InsightKhazanah, Malaysia Aviation Group Bhd's further evaluation of parties' offers will be completed next month.
Source: msianinsight - 🏆 8. / 63 Read more »