To aide in its efforts to get into the black, Malaysia’s national development fund Khazanah Nasional Berhad is providing another round of funding to the country's national carrier Malaysia Airlines.
First reported by Malaysia’s Edge Financial Daily, the airline is receiving funds to the amount of RM 300 million (USD $72 million) to keep the airline in operation while the Malaysian government seeks a buyer for the company. This is the second round of funding the airline has received from Khazanah Nasional, as the airline got RM 500 million (USD $120 million) in March.
While the airline receives the new funds, the report cited a spokesperson for Khazanah on the progress of the ongoing work to sell Malaysia Airlines Group saying: “Khazanah will evaluate all serious offers, specifically their capabilities financially and from the execution point of view. At this stage, we cannot comment on the process and progress of the evaluation.”
“Ultimately, the airline’s future is a policy decision for Khazanah’s shareholder/the government to decide on and all strategic options (including a partnership with other airlines and MAG’s long-term business plan) are being evaluated,” the spokesperson added.