KUALA LUMPUR/SINGAPORE - Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM, which wants as much as 49 per cent, while Japan Airlines is looking at a 25 per cent stake, sources with knowledge of the matter said.
The Malaysian government has been seeking a strategic partner for its national airline, which has struggled to recover from two tragedies - the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine. Malaysian Prime Minister Mahathir Mohamad said on Monday five proposals had been received as part of a review that started last year but declined to name the suitors.
Khazanah, which appointed Morgan Stanley last year to advise on potential options for the airline, said it was working closely with the government.
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