Loss-making Malaysia Airlines plans major restructuring following disappearance of MH370
* Khazanah plans to take troubled airline private * Working with CIMB Investment Bank on restructuring plan * Deal could cost Khazanah 1.05 billion ringgit at 21 sen per share * Deal to be announced this year, pending government approval
Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its Flight MH370, it has been reported.
A de-listing would pave the way for Khazanah to revive the ailing carrier, possibly by selling off its profitable engineering, airport services or budget airline units, trimming its bloated payroll and installing a new management team.
