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21-07-2014, 05:40 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Malaysian Airline System Bhd. (MAS), the carrier whose jet was shot down over Ukraine last week, will present a turnaround plan this week to the government fund that controls it, people familiar with the matter said.
The proposals presented to majority owner Khazanah Nasional Bhd. will include taking the company private or allowing it to go bankrupt and then renegotiating union contracts, said one of the people, who asked not to be named as the information is private. Khazanah, Malaysia’s sovereign wealth fund, owns 69.4 percent of the carrier.
http://www.bloomberg.com/news/2014-0...this-week.html (http://www.bloomberg.com/news/2014-07-21/malaysian-air-said-to-present-options-for-turnaround-this-week.html)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?186299-Malaysian-Air-Said-to-Present-Turnaround-Plan&goto=newpost).
Malaysian Airline System Bhd. (MAS), the carrier whose jet was shot down over Ukraine last week, will present a turnaround plan this week to the government fund that controls it, people familiar with the matter said.
The proposals presented to majority owner Khazanah Nasional Bhd. will include taking the company private or allowing it to go bankrupt and then renegotiating union contracts, said one of the people, who asked not to be named as the information is private. Khazanah, Malaysia’s sovereign wealth fund, owns 69.4 percent of the carrier.
http://www.bloomberg.com/news/2014-0...this-week.html (http://www.bloomberg.com/news/2014-07-21/malaysian-air-said-to-present-options-for-turnaround-this-week.html)
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?186299-Malaysian-Air-Said-to-Present-Turnaround-Plan&goto=newpost).