KUALA LUMPUR (Oct 8): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has reiterated that the government will not pump in any more funds into Malaysia Airlines Bhd, and it is purely up to the airline's sole owner Khazanah Nasional Bhd to sort it out. I have never ever said to close down Malaysia Airlines.”Reuters yesterday reported that the parent of Malaysia Airlines, Malaysia Aviation Group (MAG), had warned leasing companies that Khazanah would stop funding the group, forcing it into a winding-down process if restructuring talks with lessors are unsuccessful. “Since the MH370 and MH17 tragedies, Malaysia Airlines has had difficulty in improving their brand. The company's performance is declining and Malaysia Airlines has had legacy issues for many years. “We have to accept that Malaysia Airlines has a big problem and in my opinion, we should dissolve Malaysia Airlines," he told Astro Awani.

Source: The Edge Markets October 08, 2020 02:48 UTC