Khazanah sceptical about GSV's US$2.5b offer for Malaysia Airlines: report

Malaysian sovereign wealth fund Khazanah Nasional Bhd, the sole owner of Malaysia Airlines, is sceptical about a US$2.5 billion proposal by privately held Golden Skies Ventures to acquire the national carrier, the New Straits Times daily reported.[KUALA LUMPUR] Malaysian sovereign wealth fund Khazanah Nasional Bhd, the sole owner of Malaysia Airlines, is sceptical about a US$2.

GSV told Reuters on Monday it has secured funding in excess of US$2.5 billion from a European bank and that it would take three to four months to get long-term financing. It submitted its proposal last month to Morgan Stanley, which Khazanah has hired to manage the airline's search for a strategic partner.

GSV also said it has a commitment from a Japanese private equity firm to inject immediate funds into the aviation group through an equity deal. It declined to the name the European bank or the Japanese private equity firm but said it was in talks with more firms about funding. A Khazanah spokesperson confirmed Mr Shahril had made the comment to the newspaper, adding that the sovereign wealth fund had received several proposals from various parties.

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