Khazanah mulls providing up to $1.2b Malaysia Airlines aid

Khazanah mulls providing up to $1.2b Malaysia Airlines aid

Malaysia Airlines. Photo: Pixabay

Khazanah Nasional Bhd., Malaysia’s sovereign wealth fund, is considering providing as much as 5 billion ringgit ($1.2 billion) to the national flag carrier to see it through the coronavirus-induced slump in bookings, according to people familiar with the matter.

Malaysia Airlines Bhd. would use the fresh capital to resume some operations it has suspended, the people said. If it is approved, the cash infusion could happen in the coming weeks, said the people, asking not to be named as the information is private.

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