Malaysian Airline System Bhd (MAS), nearly 70 per cent-owned by state investor Khazanah Nasional Bhd, rose to 17 sen in early trade, a day after it plunged as much as 21 per cent to a record low of 15 sen. Investors were spooked after the carrier last week reported its worst quarterly loss in over two years and The Wall Street Journal on Friday quoted Najib as saying the government could not rule out bankruptcy for the airline. A government spokesperson said late yesterday that Najib had not mentioned bankruptcy as an option for the loss-making carrier during an interview with The Wall Street Journal, but said the airline’s status as a public company needed to be taken into consideration. — Reuters
You May Also Like