MAS will not receive government support

Dino D'Amore
By Dino D'Amore May 7, 2014 12:16

MAS will not receive government support

The Malaysian government has confirmed that it will not support Malaysia Airlines, with a capital injection. Speaking in Dubai on Tuesday, Mohammad Nazri Abdul Aziz, Minister of Tourism and Culture, said the government does not want to put “any more money” into the carrier. There has been a 30% fall in tourism numbers from China and since MH370 went missing there have been “many cancellations” and “no new bookings for the rest of the year” on Malaysia Airlines services. It is increasingly likely that MAS will have to undergo a JAL style restructuring or face collapse.

Dino D'Amore
By Dino D'Amore May 7, 2014 12:16
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