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Nufam cautions against companies eyeing MAS but lack track record

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It calls on the government to ensure a proper solution for the recovery of MAS.

The National Union of Flight Attendants Malaysia has cautioned the government against companies that are eyeing to takeover struggling national carrier Malaysia Airlines Berhad but lack a track record.

"They want to buy MAS but need to take out a RM1 billion loan from a Japanese bank. If they don't have the money then are they capable of taking over a government-linked company and reviving it? Najah Air Sdn Bhd is a newly-set up vehicle for a group of businesspersons led by Pahamin Abdul Rajab, AirAsia co-founder and former chairperson.

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 /  🏆 20. in ZA
 

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