Manufacturing Industry
KLM implemented as possible stake holder in Malaysian Airline System BhD debt restructuring plan - Brief Article
Airline Industry Information, Jan 12, 2000
AIRLINE INDUSTRY INFORMATION-(C)1997-2000 M2 COMMUNICATIONS LTD
Industry observers have speculated that Malaysian Airline System BhD (MAS) is on the verge of announcing a new debt restructuring plan that features KLM Royal Dutch Airlines as a major stakeholder.
Aviation industry analysts have said that the recent tie-up between Singapore Airlines and Virgin Atlantic Airways has put pressure on the Malaysian carrier because it means the British airline is unlikely to renew a ten-year code-share pact with MAS when it expires in May 2005.
MAS has denied the speculation and KLM has so far declined to comment.
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