Malaysia's Prime Minister Mahathir Mohamad said options to refinance and restructure Malaysia Airlines are still under consideration by the Government (Bernama, 17-Sep-2019). Dr Mahathir commented: "It's not easy... We have done a lot. The previous government gave them MYR6 billion (USD1.4 billion) and sacked 6000 people, and in addition, reduced the number of flights. So, if you reduce the personnel and the number of flights, the ratio between personnel and the activities doesn't change". The airline is majority owned by Malaysia's sovereign wealth fund, Khazanah Nasional.
Malaysian PM: Govt still exploring options to refinance and restructure Malaysia Airlines
18 September, 2019