Thursday, Apr 17, 2014Thursday, Apr 17, 2014
News
 

Najib says no privatisation plan for Malaysian Airlines

Published on Aug 19, 2013 3:34 PM
PRINT EMAIL
 
Malaysia's government will not privatise national carrier Malaysian Airlines as efforts to turn its business fortunes around are bearing fruit, Prime Minister Najib Razak was quoted as saying by state media on Monday. -- FILE PHOTO: REUTERS

KUALA LUMPUR (REUTERS) - Malaysia's government will not privatise national carrier Malaysian Airlines (MAS) as efforts to turn its business fortunes around are bearing fruit, Prime Minister Najib Razak was quoted as saying by state media on Monday.

"Malaysia Airlines won't be privatised as the airline's turnaround plan shows narrowing losses," Mr Najib said, according to state-run Bernama news agency.

Shares in the airline surged more than 16 per cent on Monday after former prime minister Mahathir Mohamad was quoted as saying that he was supportive of a privatisation.

Mr Najib also added that privatisation is not necessary as MAS is already operating like a private entity. 

 
If you are not a subscriber, you can get instant, unlimited access here