Malaysian government to bail out Naluri via MAS stake sale

If latest reports prove correct, the Malaysian government is poised to buy Naluri's 29% stake in Malaysian Airline Systems (MAS) at Naluri's 1994 cost price of M$1.67 billion ($440 million) - or M$8 a share - and then sell a 20% interest to Qantas. If such a deal materializes, Naluri's six years of mismanagement of the Malaysian flag-carrier will go largely unpunished.