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.
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