Putrajaya considers airlines bailout, merger, says report


Malaysia Airlines has lost billions of ringgit despite numerous turn-around plans. – EPA pic, March 26, 2020.

PUTRAJAYA may consider bailing out Malaysia Airlines Bhd and AirAsia Group Bhd, which have been hit hard by the Covid-19 outbreak, reports Bloomberg.

A special purpose vehicle may be set up to take over the debt of companies or a merger is possible, the report said, citing unnamed sources with knowledge of the matter.


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Comments


  • Good Luck! Air travel industry will no longer be the same post covid 19. Wonder how long before we accept the fact that the existing business model does not work.

    Posted 6 days ago by H. Mokhtar