{"id":4207,"date":"2020-06-12T20:58:28","date_gmt":"2020-06-12T12:58:28","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=4207"},"modified":"2020-06-12T21:03:03","modified_gmt":"2020-06-12T13:03:03","slug":"what-rm5-billion-bailout-for-mas-asks-finance-minister","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=4207","title":{"rendered":"What RM5 billion bailout for MAS asks finance minister"},"content":{"rendered":"

KUALA LUMPUR: The government will not get involved in any bailout of airline operators although they are badly affected by the Covid-19 pandemic as their business is run commercially, said Finance Minister Tengku Zafrul Abdul Aziz.<\/p>\n

\"bailout\"<\/p>\n

<\/figcaption><\/figure>\n

\u201cThe finance ministry is not involved in any bailout to help aviation companies, but we will help the industry,\u201d he said on the sidelines of his visit to the Employees Provident Fund (EPF) headquarters here today.<\/p>\n

Tengku Zafrul said Khazanah Nasional Bhd\u2019s board of directors had not heard of any news related to a capital injection of RM5 billion into Malaysia Airlines Bhd (MAB).<\/p>\n

A Bloomberg report had stated that Khazanah was considering injecting fresh capital worth up to RM5 billion into MAB to see it through the COVID-19-induced slump in bookings.<\/p>\n

\u201cThis is the first time I\u2019ve heard about the report (on capital injection). I don\u2019t comment on speculation but, honestly, I never heard of that from the board or the Khazanah managing director that they will put money into Malaysia Airlines.<\/p>\n

\u201cBut if they do, it is up to the company. As far as I know, the finance ministry has not provided any allocation for Malaysia Airlines,\u201d he said.<\/p>\n

Tengku Zafrul is one of the members of the sovereign wealth fund board.<\/p>\n

The aviation industry was \u201cmuted\u201d following global border closures to curb the spread of Covid-19. This has impacted the airlines\u2019 bottom line and downsizing operations were seen as one of the options to remain relevant in the business.<\/p>\n

It was reported that MAB had asked its 13,000 employees to take voluntary unpaid leave due to Covid-19, while AirAsia Bhd has laid off 111 flight attendants, 172 pilots, and 50 engineers.<\/p>\n

–BERNAMA<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR: The government will not get involved in any bailout of airline operators although…<\/p>\n","protected":false},"author":1,"featured_media":3098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4207","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",3142,2458,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul-150x150.jpg",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul-300x235.jpg",300,235,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul-768x601.jpg",640,501,true],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul-1024x801.jpg",640,501,true],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",1536,1202,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",2048,1602,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",1080,845,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",1024,801,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2020\/04\/zafrul.jpg",607,475,false]},"author_info":{"info":["Editor"]},"category_info":"Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4207"}],"version-history":[{"count":2,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4207\/revisions"}],"predecessor-version":[{"id":4209,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/4207\/revisions\/4209"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/3098"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}