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PUBLISHED: Jul 24, 2014 6:51pm

Khazanah denies MAS-AAX merger



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Speculation of Malaysian Airline System Bhd (MAS) being merged with a budget long haul carrier has been dismissed by Khazanah Nasional Bhd, which has a 69.4% stake in the ailing national carrier.

“Khazanah Nasional wishes to state that media reports of a possible merger between MAS and AirAsia X Bhd (AAX), are unfounded and speculative,” it said in a statement today.

“We also remind and urge all parties to not speculate on the restructuring of MAS, including potential mergers, de-listing and other restructuring options. As we have stated previously, a comprehensive review of all restructuring options is being undertaken and evaluated.

“The resolution of this review will be made after due consideration, and after respective approvals from the relevant parties and authorities, including the approval of the special shareholder, Minister of Finance, Incorporated.

“The outcome will be announced in due course, within the timeframe indicated previously.” Khazanah had earlier said the restructuring review may take up to six months and that had time to come up with a restructuring plan as the carrier has money to last about a year.


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“People want to lead a peaceful lives. The terrorists are short-sighted, and this is one of the causes of rampant suicide bombings. We cannot solve this problem only through prayers. I am a Buddhist and I believe in praying. But humans have created this problem, and now we are asking God to solve it. It is illogical. God would say, solve it yourself because you created it in the first place.So let us work for peace within our families and society, and not expect help from God, Buddha or the governments.”

Dalai Lama, the Tibetan spiritual leader, when asked about prayers for those who died in the Paris terrorist attack, says the world must not ask God to fix man-made problems.


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