Malaysia Airlines suspends shares ahead of reform plan | Bangkok Post: news

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Malaysia Airlines suspends shares ahead of reform plan

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Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies. 

Malaysia Airlines flight attendants carry the flag-draped coffin of a victim of the MH17 disaster at a special prayer in Ampang, near Kuala Lumpur on August 24, 2014

State investment fund Khazanah Nasional, which owns 70 percent of Malaysia Airlines (MAS) and has announced plans to de-list and take it private, is expected to detail the reform plans in a press briefing at 3 pm (0700 GMT).

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