NO LONGER A ‘PROTECTED SPECIE’ – MALAYSIA AIRLINES UP FOR SALE IF THERE IS ‘GOOD OFFER’: MAHATHIR PROMISES TO BE ‘VERY CAREFUL’ IN CHOICE OF BUYER

THE government will consider selling Malaysia Airlines Bhd (MAB) if there is a good offer, Prime Minister Dr Mahathir Mohamad said today.

However, he said the government would first ensure the buyer would manage the airline well.

“We have changed their (Malaysian Airlines) leadership many times, each time we were hoping they would do something to turn around the company but they failed… (so) now we want to sell it, but if we sell to people who will fail again, it is not worthwhile.

“We (the government) need to be very careful about choosing the buyer,” he said, during a session with Bloomberg TV correspondent Haslinda Amin, at the Asean Business Summit in Bangkok, Thailand today.

Dr Mahathir said the government had various options, including undertaking another restructuring exercise or injecting more cash into the national carrier.

“Maybe changing the head once again and maybe restructuring or pumping a little of (the) government money and things like that, there are so many options at large,” he said.

On what would be the best option for Malaysian Airlines right now, Dr Mahathir said: “If there is a good offer, then we will consider (selling).”

– Bernama

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