According to Bloomberg, Malaysia Airlines’s sole shareholder Khazanah Nasional Bhd. has hired Morgan Stanley to explore strategic options for the nation’s loss-making flagship carrier.
Morgan Stanley, the U.S based investment bank will be evaluating various options for the Airline, including revive its performance and a potential stake sale.
After the vanishing of the MH-370 above the Indian Ocean and the shooting down of MH-17 in Ukraine, the international carrier has lost confidence with its passengers.
In March this year, Prime Minister Mahathir Mohamad remarked that the government is studying four proposals and one was to shut down the airline.
Airline reported an increase in net loss by 85% year on year to RM 812.11 million for the financial year ended Dec 31, 2017, but did not disclose its exact revenue for 2018.
News in Flight / ABC Flash Point News 2019.