KUALA LUMPUR Aug 8 Malaysia's state investor
Khazanah said in a statement on Friday that its proposed
"complete overhaul" of Malaysia Airlines (MAS) will
take six to 12 months after it has secured approval from
Khazanah said its nearly 1.4 billion ringgit offer to take
MAS private, announced on Friday, is the first stage of the
restructuring scheme. Its full proposal will be announced by the
end of the month.
Khazanah said it will need cooperation from all parties to
undertake the restructuring, covering the airline's operations,
business model, finances, staff and the regulatory environment.
"Nothing less will be required in order to revive our
national airline to be profitable as a commercial entity, and to
service its function as a critical national development entity,"
(Reporting By Al-Zaquan Amer Hamzah; Editing By Stuart