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MAS pondering RM1b rights issue

Published: 2009/12/22

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Malaysian Airline System Bhd (MAS) (3786), the national carrier, is considering raising at least RM1 billion in a rights offering of shares, two people familiar with the proposal said.

The airline's board and government have yet to give approval for the plan, the people said, declining to be identified as the discussions are private.

"We are considering all options to fund our purchase of planes, including debt and equity-based financing such as a rights issue and share sale," the airline said in an e-mailed statement. - Bloomberg

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