Free audio stream, including stories that are padlocked on our site. Listen on any device, anywhere. Updated twice daily. The audio stream takes several seconds to start on Android devices.Launch Radio player
Malaysia Airlines is to be delisted ahead of an overhaul.
Khazanah Nasional – Malaysia's state investment company and the troubled aviation company’s majority stakeholder – says it will buy out minority shareholders, who will receive a premium on the carrier’s recent share price.
As well as having struggled financially over the long haul, Malaysia Airlines has suffered the unprecedented loss of two of its airliners this year.
Flight 370 disappeared with 239 passengers as it flew from Kuala Lumpur to Beijing on 8 March, and has yet to be located.
Flight 17, flying from Amsterdam to Kuala Lumpur, was shot down over Ukraine on 17 July, with all 298 people on board killed.
The carrier would receive “a complete overhaul,” Khazanah Nasional said.
This article is tagged with the following keywords. Find out more about MyNBR Tags
- Super Fund seeks redress but is it targeting the right party?
- Retirement sector adds to landbanks to meet rising baby boomer demand
- The Moxie Sessions: Profiting the planet: can business save the world? (And if it can, why can’t it be bothered?)
- Does a conference centre need a casino?
- Where is Colin Craig?