KUALA LUMPUR, July 24 — Malaysia Airlines Bhd chief operations officer Ahmad Luqman Mohd Azmi declined to comment today on US investment bank Morgan Stanley’s appointment to advise on future plans for the carrier.
When asked about the matter, Ahmad Luqman sought to steer attention back to the MHHolidays that Malaysia Airlines launched officially today.
“Unfortunately, because it is a shareholder matter, I would rather not comment on that,” said Ahmad Luqman when asked by reporters at the travel service launch today here.
Bloomberg news service reported on Monday that Khazanah Nasional Bhd hired Morgan Stanley to explore strategies for the loss-making national carrier.
The federal government is studying what to do with the ailing airline after deciding that it could no longer afford to continue bailing it out.
In March, the Prime Minister Tun Dr Mahathir Mohamad said the government was considering four proposals for the airline, including possibly shutting it down.
Khazanah delisted the country’s flag carrier in 2014 in the latest effort to revive the ailing firm but the plan to return Malaysia Airlines to profitability has not been successful.
The airline reported an 85 per cent year-on-year increase in net losses to RM812.11 million for the financial year ended Dec 31, 2017, but did not disclose its exact revenue for 2018.
