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Kuala Lumpur (Malaysia)
Government takeover, 'overhaul' of Malaysia Airlines planned
Government takeover, 'overhaul' of Malaysia Airlines planned

Saying Malaysia Airlines needs a “complete overhaul” following two devastating air disasters, the Malaysian government’s strategic investment fund on Friday proposed buying out the approximately 30% of the carrier’s shares it does not own and delisting it as a publicly traded company.   “The proposed restructuring will critically require all parties to work closely together to undertake what will be a complete overhaul of the national carrier on all relevant aspects of ... the airline’s operations, business model, finances, human capital and regulatory environment,” the fund, Khazanah Nasional Berhad, said in a statement. “Nothing less...

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