Malaysians were perplexed yesterday by news of yet another bailout of Malaysia Airlines (MAS) when its parent, Malaysia Aviation Group Bhd (MAG) revealed that sovereign trust unit Khazanah Nasional has committed to inject RM3.6 billion in new capital into the perennially loss-making airline. This latest bailout, coming after Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz’s statement last November that RM28 billion had been injected into MAS by Khazanah then, raises the total bailout of MAS to RM31.6 billion.
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