KUALA LUMPUR, April 17 -- Malaysia Aviation Group (MAG) is not looking to tap its sole shareholder, Khazanah Nasional Bhd, for a fresh capital injection despite rising macroeconomic pressures, according to group managing director Datuk Captain Izham Ismail.
Speaking at a press conference today, Izham said MAG remains committed to operating independently of shareholder bailouts, even as global headwinds - including new US tariffs - threaten to push up operating costs.
"It's not fair for shareholders to inject capital due to inefficiencies within the organisation. A company needs to be commercially sustainable in order to operate," he was quoted as saying by Free Malaysia Today (FMT).
While acknowledging that any decision on capital inje...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.