KUALA LUMPUR: The government is still looking for ways to help troubled Malaysia Airlines Bhd, Prime Minister Tun Dr Mahathir Mohamad said.
“It’s not easy... we have done a lot. The previous government gave them RM6 billion and sacked 6,000 people, and in addition, reduced the number of flights.
“So, if you reduce the personnel and the number of flights, the ratio between personnel and the activities doesn’t change,” he said in an interview with the BFM radio station here today.
Dr Mahathir said there is talk that some companies might take a stake in the airline, but noted that there are also some people who are very sentimental and want to see the company owned entirely by Malaysians.
“But, there is no Malaysian investor strong enough to take it up,” he explained.
When asked about the government’s deadline to decide on the fate of Malaysia Airlines and if it would adopt Proton Holdings Bhd’s strategy of selling a stake to China’s Zhejiang Geely Holding Group, he reiterated that it’s not easy.
“As you know, Malaysia Airlines has undergone many changes, including changes in the management and sacking of 6,000 workers... and yet the losses remained high,” Dr Mahathir added.
The prime minister also noted that when the national airline was formed, there was no low-cost carriers like today.
This, he said, affected not only Malaysia Airlines, but others as well.
Meanwhile, over the weekend, a business daily reported that Japan Airlines might acquire a stake in Malaysia Airlines, which is majority-owned by Khazanah Nasional Bhd.
Earlier in the interview, Dr Mahathir also said the government was looking to dispose of its non-essential properties both locally and abroad, in a move to settle the huge debt that the Pakatan Harapan inherited from the previous government.
“We have to find a good price. We have properties in Hong Kong, Singapore and other countries, not only at home,” he added. – Bernama