Malaysian firm offers $2.5b for Khazanah-backed ailing state carrier

Malaysian firm offers $2.5b for Khazanah-backed ailing state carrier

A Malaysia Airlines flight on the tarmac. Photo: Malaysia Airlines

Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.

Malaysian firm GSV made the proposal a month ago, as airlines around the world were hammered by travel restrictions following the coronavirus pandemic.

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