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.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
