January 20, 2020 / 7:29 AM / a month ago

Malaysian PM Mahathir says received five proposals for ailing Malaysia Airlines

FILE PHOTO: Malaysia's Prime Minister Mahathir Mohamad looks on during an interview with Reuters in Putrajaya, Malaysia, December 10, 2019. REUTERS/Lim Huey Teng

Langkawi, MALAYSIA (Reuters) - Malaysia has received five proposals for its debt-laden national carrier Malaysia Airlines, Prime Minister Mahathir Mohamed said at a group media briefing on Monday.

“There are about 5 proposals but of course some of them are just no go,” Mahathir said without giving more details.

“We need to listen to everybody to find out what is the best solution.”

The Malaysian government has been seeking a strategic partner for the financially struggling airline, which is still recovering from two tragedies in 2014, when flight MH370 disappeared in what remains a mystery and flight MH17 was shot down over eastern Ukraine.

Taken private by sovereign wealth fund Khazanah Nasional Bhd in 2014, the national carrier has been struggling to post a profit.

Reporting by Liz Lee and A. Ananthalakshmi; Editing by Michael Perry

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