KUALA LUMPUR: Privately held Golden Skies Ventures has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday .
It declined to name the firms involved, adding it was in talks with other foreign banks and private equity firms for further funding. The proposal includes keeping the government’s so-called golden share which allows it majority voting rights and maintains Malaysia Airlines' flag carrier status. “ is still a viable venture, it has inherent strengths. We are saying we won’t lay off the 13,000 frontline employees and we are not going to asset-strip the airline,” Deputy Chief Executive Ravindran Devagunam said.
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