Khazanah Nasional Bhd has said a news report claiming that the sovereign wealth fund had "meddled" with Malaysia Airlines, leading to the CEO Peter Bellew's abrupt departure, was speculative.
"We wish to clarify that the speculation based on unnamed sources in the article is both erroneous and misleading," said Khazanah in a statement yesterday.
Khazanah, as the sole shareholder of Malaysia Airlines, clarified that it routinely receives key plans on Malaysia Airlines restructuring programme from the airline's board of directors and management.
"Khazanah also wishes to clarify that no Khazanah official was approached by New Straits Times(NST) for comment prior to the publication of this speculative article.”
Khazanah was referring to an article which appeared on NST's website at about 10pm last night.
It was penned by NSTP group managing editor A Jalil Hamid, a known associate of Prime Minister Najib Abdul Razak, who is also the chairperson of Khazanah's board of directors.
The NST article quoted an unnamed source claiming that Khazanah was "micro-managing" Malaysian Airlines.
"There were cases where Khazanah bypassed the MAB board," the source was quoted as saying.
Yesterday, Irish low-cost carrier Ryanair announced that Bellew would be returning to the company on Dec 1 as its chief operating officer, in a move which appeared to have caught both Malaysia Airlines and Putrajaya off-guard.
Bellew joined Malaysia Airlines in Sept 2015 and was tasked with overseeing the airline's restructuring programme.
Following his exit, he has become the second CEO to quit MAS in a span of three years.- Mkini
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