Malaysia Airlines Suspends Trading, Becomes State Owned

Discussion in 'Blogstand' started by Prior2Boarding, Aug 7, 2014.

  1. Prior2Boarding

    Prior2Boarding New Member

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    Malaysia Airlines, the same airline that has lost two Boeing B777 jets this year with passengers on board, has suspended trade in its shares and is rolling a plan to become state owned. The plan for Malaysia Airlines to become state owned was rolled out in Kuala Lumpur on Friday. Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price. It also plans to roll out a “complete overhaul” of the airline to help the struggling airline. Earlier Friday morning, a notice was posted on the Kuala Lumpur stock exchange which said that the airline had requested the suspension as of 9 a.m. Friday “pending a material announcement.” The announcement was that Malaysia Airlines will become state owned and restructured. Read full story The post Malaysia Airlines Suspends Trading, Becomes State Owned appeared first on Fly2Travel.

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