The government of Malaysia has announced that it will no longer injection to save the horse boat

according to Singapore zaobao.com reported, Malaysia tourism Cheap Women NHL Jerseys and culture minister Nazy expresses 8 days, the government of Malaysia does not intend to continue to give the country the airline (MAS) economic aid.

Nazri pointed out, the horse boat continued losses, plus the MH370 plane incident, the government will develop solutions and future plans for the MAS, but do not consider the capital Cheap Whalers Jerseys injection to save this company.

Nazri attended tourism exhibition in Dubai, the horse boat sustained losses made the response.

of Malaysia media quote says, the UAE "Gulf News" reported 6 MH370 aircraft in 3 years, the MAS performance without any significant growth, but there is a bad situation Cheap Hurricanes Jerseys continuing losses. Therefore, early in the MH370 plane before the event, the horse boat had been unable to face the fierce competition in the aviation field.

Nazri said, he did not know exactly how the horse boat, also admits that the government does not yet know how to handle the horse boat problem, but reiterated that the government would not inject.

Treasury holdings holds 69% stake in

MAS

Nazri pointed out, since the MH370 incident, the number of tourists visiting China horse fell 30%, MAS is also facing many passengers cancel the trip and ticket sales is not ideal problem. Therefore, the government instructed the Ministry of communications to develop an action plan for the MAS, but stressed that "to inject new capital is not the government's options".

Cheap Lightning Jerseys MAS is Southeast Asia's fourth largest airline, Malaysia government held the horse boat Cheap Rangers Jerseys 69.4% equity through Treasury holdings, while Malaysia Airlines has been a loss, but the government did not want to sell the horse boat.

over the past 3 years of accumulated losses amounted to 1300000000 ringgit

in the past 3 years, the horse boat because the route not to make money, plus the fierce regional competition, accumulated losses of up to 1300000000 ringgit ($500000000). Last year the MAS announced a series of capital reorganization plan, including the par value of the shares from 1 ringgit cut to 10 cents, and 60 cents per share price of new shares to sell a face value of 10 cents, to raise funds of 3000000000 ringgit ($1200000000). Among them, Treasury holdings injected 2700000000 ringgit (about 1000000000 Singapore dollars) of funds, however, the horse boat on March MH370, leading to its share price has slumped.

MAS management only 6, said the company is not optimistic about the prospects, and now that the government would not be injected news, investors worried about the horse boat short-term financial performance.

MAS admits, the company next need to allocate more resources to "defend the market share and revive the corporate image and brand", especially has grown into the horse boat mainly passenger China passengers booking rate, began after the MH370 event reduction.

in the MH370 passenger plane with 239 passengers and crew, as many as 153 people are Chinese passengers. Before the incident, Chinese market accounted for about 10% of revenue mas.

(original title: the government of Malaysia will no longer injection to save the horse boat)