The proposal includes keeping the government’s golden share which allows it majority voting rights and maintains the flag carrier status of Malaysia Airlines. FMTNews MalaysiaAirlines
Golden Skies Ventures says it won’t lay off the 13,000 frontline employees or asset-strip Malaysia Airlines.
“ in excess of US$2.5 billion from the bank. We will take about three to four months to get the long-term financing,” chief executive Shahril Lamin told Reuters in a phone interview. Air France-KLM, Japan Airlines and domestic carriers AirAsia Group Bhd and Malindo Air were previously said to have shown interest in Malaysia Airlines.
GSV expects it will have ample liquidity to help Malaysia Airlines to operate comfortably for up to 18 months.
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