Malaysian Government Plans to Take over Malaysia Airlines

Posted on: August 8th, 2014 by ABC News No Comments

iStock Editorial/Thinkstock(NEW YORK) — To say Malaysian Airlines has had a tumultuous year would be an understatement.

The airline behind two major disasters in five months on Friday morning looks as if it will fall into the hands of its national government.

According to the Financial Times, the proposed buyout through the Malaysian sovereign wealth fund would see the company restructured as part of the rescue plan. Shares of the company could also be delisted from being publicly traded.

Trading of MAS shares have been halted on the public exchange since Monday.

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