GBP Japan Airlines Could Bid for Malaysia Airlines | Global Business Press | GBP

Home- Commercial Aviation-Japan Airlines Could Bid for Malaysia Airlines

Japan Airlines Could Bid for Malaysia Airlines

Japan Airlines Co. could be a contender to buy a stake in Malaysia Airlines Bhd., the Edge weekly newspaper reported.

Quoting sources familiar with the development, the report said there are high level talks for JAL to acquire a stake in Malaysia Airlines because of the close ties between Putrajaya and the Japanese government.

Khazanah Nasional Bhd., Malaysia’s sovereign wealth fund and the sole shareholder of the flag carrier, has hired Morgan Stanley to look at strategic options for Malaysia Airlines. A stake sale is one of them.

“JAL could be the one, we like all things Japanese and Kazanah (Nasional) has been selling assets to the Japanese recently,” said the source, referring to the disposal of Khazanah’s 16 per cent stake in IHH to Mitsui&Co last year.

Malaysia has been seeking more deals with Japan ranging from bond issuance to asset sales. Khazanah sold a 16 per cent stake in IHH Healthcare Bhd. to Mitsui & Co. for $2 billion last year while Malaysia Prime Minister Mahathir Mohamad wants the the nation to proceed with plans to issue yen bonds by end-2019.

More Stories

With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.

Popular Posts

2019 GBP all rights reserved by IPIX

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us