Khazanah Nasional Bhd has stressed that a merger between Malaysia Airlines Bhd (MAB) and low-cost airline AirAsia would be difficult to carry out.
Khazanah managing director Datuk Shahril Ridza Ridzuan said the different business model and work culture of the two entities would make a merger between the two an unlikely option.
“Malaysia requires both low-cost operators as well as a higher-value operator like Malaysia Airlines to co-exist, because you need to address multiple segments of the market.
Khazanah Nasional fully owns MAB.
Shahril had reportedly said earlier that the sovereign wealth fund was waiting for the Malaysia Airlines management to come up with a recovery plan. — BERNAMA