MAG grounds talk of Goldman Sachs in recovery efforts

MAG group chief executive officer Capt Izham Ismail today refuted an article by an aviation consultant, which states that Goldman Sachs will help chart MAG’s future direction and recovery efforts. – The Malaysian Insight file pic, May 4, 2021.

MALAYSIA Aviation Group (MAG) has denied hiring or giving a mandate to American investment bank Goldman Sachs to guide the group’s long-term business plan (LTBP 2.0) over the next five years. 

MAG group chief executive officer Capt Izham Ismail said the entire plan, which was formulated in the fourth quarter of 2018 and implemented in 2019, was purely driven by MAG without hiring any external party.

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