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Tuesday, June 28, 2011

MAS not ruling out possible privatisation (BT)

Malaysia Airlines (MAS) has not ruled out the possibility of being privatised and has put forward the suggestion by an investment bank for MAS shareholders to ponder about.

Chairman Tan Sri Dr Munir Abdul Majid said the possibility has been presented during yesterday's shareholders meeting but he stopped short of confirming if it was accepted by the shareholders.

Maybank Investment Bank, in its research notes, had suggested that Malaysia Airlines be privatised but Firefly, MAS Engineering, MASKargo and even the national air carrier's terminal services be listed.

The bank said the privatisation of Malaysia Airlines was not an outlandish idea and the shareholders may just warm up to it, more so since the analyst community had an overwhelming "sell" call on the carrier after it reported RM242 million in net loss for the first quarter ended March 31 2011.

Munir said the suggestion is not unique or brilliant, but just one of the many ideas.

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