Qantas to buy MAS stake?

There is talk Qantas wants 25% of Malaysian Airline Systems for A$500 million. However, this can''t happen without Malaysian government approval and Australia is not in Mahathir''s good books.

Qantas is rumoured to be interested in buying around 25% of Malaysian Airline Systems MAS for up to A$500 million $291 million. Certainly, Qantas can afford it and Naluri Bhd, MAS's controlling shareholder with a 29% stake, could do with some money if it is to repay half of its M$1 billion $263 million debt within the next two years, as required under a restructuring deal agreed with creditors in May this year.

Naluri has denied...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: qantas | buy | mas | stake

Print Edition

FinanceAsia Print Edition