MAS is seaking short-term cash injection

Malaysia Airlines will introduce a rigorous and disciplined cash management programme to stop and reduce the cash-burn rate of the company, both in terms of operating cost and also capital expenditure. It also seeks avenues to secure immediate short-term cash injection and financing, including sale of assets. MAS is currently in discussion with the Government on the modality of such financial support. Various cost reduction programs are being pursued as part of the Business Turnaround Map.