MASwings majority stake sales to close soon

The Sarawak and Sabah state governments aim to close the deal on their majority stake in MASwings before the end of this year. The two state governments could hold between 60% and 70% equity in MASwings, although these figures have not been confirmed. Local media reports state that the Sarawak and Sabah state governments are each aiming at 30% equity, leaving the remaining 40% to Federal Government.