AirAsia is reported to be taking 20% of the equity in Malaysia Airlines in a new agreement to help the cash-strapped flag carrier. The Malaysian stock market confirmed the suspension in trading of the airlines’ shares was done at the request of the two companies but did not give any further information. The two airlines have denied the rumours of the share swap agreement, however. The Malaysian sovereign wealth fund, Khazanah Nasional, which owns 70% of Malaysian Airlines, has confirmed it will retain its status as the flag carrier’s largest shareholder but would receive a stake in AirAsia. Tune Air
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.