KUALA LUMPUR, May 27 — The share price of Malaysia Airlines (MAS) rose 2.85 per cent or half-a-sen as at lunch break, the highest level in 11 days, following reports that the airline would not file for bankruptcy.

As at 12.30 pm, the national carrier’s share price stood at 18 sen with 46.27 million shares transacted.

MAS was also one of the most actively traded stocks in the morning session. Commercial Director Dr Hugh Dunleavy was quoted as saying yesterday that MAS had managed a rebound as far as bookings are concerned, mainly for travel within Southeast Asia, Australia and New Zealand in the past several weeks, despite being affected by the MH370 incident.

“We were tracking significantly higher traffic until the MH370 incident. We do believe that there is traffic out there and our goal is to capture it, but at revenue that makes sense for the airline.

“Moving forward, MAS will come back and strongly. We will be competitive in all the markets that we serve,” he added. — Bernama