Deeply troubled Malaysia Airlines will be de-listed and taken private ahead of a major restructuring following the double disasters of MH370 and MH17, under a proposal announced Friday by its majority shareholder.
A Malaysia Airlines plane is seen shortly prior its departure from Kuala Lumpur International Airport, in Sepang, on May 14, 2014
State investment vehicle Khazanah Nasional, which owns 70 percent of the flag-carrier, said it would purchase all minority shares and finalise a restructuring plan by the end of the month.
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