Khazanah releases details of MAS restructuring

Malaysian sovereign wealth fund Khazanah Nasional has released a 12-point restructuring plan aimed at redeveloping Malaysian Airlines and eventually returning it to profitability.The restructuring plan centres around delisting the airline and creating a new company with a competitive operational structure and workforce. This will be achieved through staggered injections of MYR6bn ($976.7 million) from the majority shareholder over a three-year period.Khazanah stated it intends to delist MAS by the end of 2014, and to migrate the relevant operations, assets and liabilities to the new company by 1st July 2015.During this period, group chief executive Ahmad Jauhari Yahya will continue to