Malaysian Airlines Delisted - 08.08.2014 - Dukascopy Press Review


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after a disastrous couple of weeks for malaysian airlines the company is to be delisted after a buyout by mass wealth fund khazanah nasional I Charlie Fuchs and this is today press review in a drastic restructuring plan for the national carrier that suffered two disasters this year sovereign wealth fund khazanah nasional BHD offered to buy out minority shareholders of the major airline Khazanah is to pay 27 cent per share equating to 429 million dollars to buy the remaining 30 6 percent it doesn own in a statement the company suggested that the airline will need substantial funding requirements for the next few years to sustain operations the news comes as the airline continues to struggle in repairing its image after the downing of flight 17 in Ukraine last month paired with the disappearance of a jet in March Khazana promotes an optimistic outlook for the company stating the proposed restructuring will critically require all parties to work closely together to undertake what will be a complete overhaul of the national carrier on all relevant aspects Jason trong chief investment officer at manulife Asset Management Services suggested that despite the difficult times for the company the move is