Khazanah Nasional Bhd is scheduled to disburse up to RM1.6 billion to Malaysia Airlines (MAS) as part of the second phase of conditional investment funding within the next three months.
The conditions for the disbursement are the delivery of several key milestones, among others, a new company (NewCo) business plan approved by Khazanah and the MAS board of directors, Khazanah said in its second MAS Recovery Plan (MRP) Quarterly Progress Update.
MAS NewCo is the company taking over MAS as part of the restructuring of the national carrier, which Khazanah has 100 per cent interest.
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