KUALA LUMPUR, July 3 — Malaysia Airlines (MAS) has denied any knowledge of the decision to privatise the airline for restructuring as reported in a local newspaper today.

MAS, in a filing to Bursa Malaysia, today said such a decision rests in the hands of its major shareholder and the government.

“As of now, the company is not aware of any decision that has been made by both of them on this matter,” it said.

Meanwhile, MAS' majority shareholder, Khazanah Nasional Bhd stated likewise.

“We wish to clearly state that the above reports are speculative,” it said in a statement.

“As Khazanah has stated previously, a comprehensive review of restructuring options for MAS is being undertaken and evaluated. The resolution of this review will be made after due consideration and after respective approvals are sought from relevant parties and authorities, including the approval of the special shareholder, Minister of Finance Incorporated,” it said.

The news report said at MAS’ current share price of 21 sen, Khazanah would need to only pay RM1.05 billion for the 30.6 per cent shares it does not already own.

It also said Khazanah’s board was expected to meet at the end of the month to discuss the plan and an announcement would be made by year-end. — Bernama