By Liz Lee and Anshuman Daga
By Liz Lee and Anshuman Daga
KUALA LUMPUR/SINGAPORE, Jan 21 (Reuters) – Proposals to spend money on ailing Malaysia Airways embody one from Air France-KLM AIRF.PA which desires as a lot as 49% whereas Japan Airways 9201.T is a 25% stake, individuals with data of the matter stated.
Home service AirAsia Group Bhd AIRA.KL and Malindo Air, the Malaysian arm of Indonesia’s Lion Air, have additionally submitted proposals, the individuals added.
Malaysia’s authorities has discovered the proposals from overseas airways extra enticing however the sovereign wealth fund that owns Malaysia Airways favours a cope with AirAsia, one of many sources stated.
“The bids from the overseas carriers are extra complete and strategic as each plan to capitalise on the strategic location of Malaysia for his or her operations,” stated the supply.
The Malaysian authorities has been searching for a strategic associate for its nationwide airline, which has struggled to get better from two…