KUALA LUMPUR: The losses suffered by Malaysia Airlines (MAS) are expected to double to a staggering RM2bil by the end of the year, based on its current declining sales and weak financial state.
Khazanah Nasional Bhd managing director Tan Sri Azman Mokhtar said the airline’s cash reserves would further shrink to only RM500mil, sending it into a critical position. The airline would be forced to ground itself due to insufficient funds to sustain its operations. Khazanah is the major shareholder of MAS.
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