Previous Khazanah-appointed board members in Malaysia Airlines must go, Putrajaya told

Malaysia Airlines underwent a major restructuring process following two disasters in 2014. (Reuters pic)

SHAH ALAM: Vocal aviation workers’ union Nufam has urged Putrajaya to purge Khazanah Nasional board members in Malaysia Airlines (MAS), saying the national airline’s problems are far from over following the sovereign wealth fund’s takeover of the company.
Nufam president Ismail Nasaruddin.

Nufam president Ismail Nasaruddin.

Ismail Nasaruddin, who heads Nufam or the National Union of Flight Attendants Malaysia, warned that the government should decide quickly, adding that MAS could lose another RM1 billion by next year.

“Our financial analyst has given us a very clear financial structure to say that the airline will lose RM500 million in the next six months, plus another RM500 million,” he told a press conference today.

Describing Khazanah as a “capitalist head”, Ismail said it had done more damage to Malaysia Airlines.

Khazanah took over the airlines in the aftermath of the twin tragedies of MH370 and MH17, and soon embarked on a RM6 billion restructuring exercise which saw thousands of workers being laid off.

Nufam had then opposed the plan, saying the airline should be managed by aviation experts and not Khazanah.

Ismail today said that MAS lost RM3 billion in the last three years.