Malaysia Airlines/Bloomberg

Japan Airlines plans to bid for Malaysia Airlines

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Khazanah Nasional, 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.

Sunday 15, September 2019

Japan Airlines could be a contender to buy a stake in Malaysia Airlines, reported local daily, The Edge Markets.

There have been high-level talks for Japan Airlines to pursue an interest in the Malaysian national carrier amid close ties between the two governments.

Japan Airlines President Yuji Akasaka said in June 2019 that it was too early to say whether the carrier would consider an investment in Malaysia Airlines although further talks were possible.

A stake sale is one of the opticians being weighed by Khazanah Nasional. 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 to Mitsui & Company for $2 billion last year while Malaysia Prime Minister Mahathir Mohamad wants the nation to proceed with plans to issue yen bonds by end-2019.

TAGS : Japan Airlines, Malaysia Airlines, Khazanah Nasional, Prime Minister Mahathir Mohamad

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