Malaysia Airlines (MH, Kuala Lumpur International) has received an additional MYR300 million ringgit (USD71.7 million) injection from its owner, Malaysian sovereign wealth fund Khazanah Nasional, The Edge Financial Daily has reported.
Khazanah would not confirm the sum but said in a statement that its holding company Malaysia Aviation Group would continue "to provide funding to operate on a business-as-usual basis".
The fund injected MYR500 million ringgits (USD120 million) into the loss-making flag carrier earlier this year. The 2014 MAS Recovery Plan foresees up to MYR6 billion ringgit (USD1.4 billion) injections from the state, although it is not clear how much Khazanah did pump into Malaysia Airlines in total so far.
Malaysia Airlines lost MYR812 million ringgits (USD194 million) in 2017. It has not disclosed its results for 2018 yet, although it said that the loss was lower than the year before.
Khazanah Nasional recently hired Morgan Stanley to explore options regarding the privatisation of Malaysia Airlines. The fund said it will consider "all serious options" for the future of the airline, including sale or partnership.
