KUALA LUMPUR, Malaysia – Malaysia’s state investment company says it wants to remove struggling Malaysia Airlines from the stock exchange, making it fully state-owned before a far-reaching overhaul of its business.
Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price.
Get weekly money news
Malaysia Airlines has been hit by two major disasters this year, which added to its longstanding financial woes.
Khazanah says a “complete overhaul” of the airline would be carried out.
- 20.2% property tax increase required if Calgary funds all 2027 budget requests
- Bare shelves at Alberta food banks as demand soar: ‘Very difficult year’
- Peter Pocklington’s former mansion on City of Edmonton’s auction list: ‘It’s iconic’
- Alberta predicting 2026 budget surplus thanks to oil prices, Middle East war
In March, Flight 370 from Kuala Lumpur to Beijing disappeared with 239 people on board after flying far of course. The plane has still not been found. In July, 298 people were killed when Flight 17 was shot down over Ukraine
Comments
Want to discuss? Please read our Commenting Policy first.