Mahathir studies proposals to buy or manage Malaysia Airlines

Malaysian Prime Minister Mahathir Mohamad said the four proposals received were mostly from local companies, who offered to either buy a stake in the flag carrier or manage it.
Malaysian Prime Minister Mahathir Mohamad said the four proposals received were mostly from local companies, who offered to either buy a stake in the flag carrier or manage it.PHOTO: REUTERS

KUALA LUMPUR (BLOOMBERG) - The Malaysian government is studying proposals it received for Malaysia Airlines (MAS), said Prime Minister Mahathir Mohamad.

The four proposals were mostly from local companies, who offered to either buy a stake in the flag carrier or to manage it, he told reporters near Kuala Lumpur on Tuesday (July 9).

He didn't name the companies that sent in the proposals.

"We must find somebody with experience," Tun Dr Mahathir said.

Malaysia is considering ways to turn around the troubled airline. Sovereign wealth fund Khazanah Nasional, its sole shareholder, demanded the carrier come up with a strategic plan earlier this year, after the fund poured RM6 billion (S$1.97 billion) into the company to make it profitable.

Privately held Weststar Group and Jentayu Danaraksa were among suitors for MAS, Edge newspaper reported earlier, without saying where it got the information.