Malaysia Airlines may be sold or shut down PM Mahathir Mohamad

first_imgKuala Lumpur: Malaysia Airlines may be sold or shut down, Malaysia’s leader said Tuesday, the latest bad news for a carrier that has been in crisis since suffering the loss of two planes. The 71-year-old airline has been on the ropes since 2014 when Flight MH370 disappeared and MH17 was shot down by a Russian-made missile over war-torn Ukraine. With the carrier teetering on the brink of bankruptcy, sovereign wealth fund Khazanah stepped in to take it over several years ago and major reforms were instituted, including cutting thousands of staff. Also Read – Maruti cuts production for 8th straight month in SepBut it has continued to fare poorly and its performance was blamed in large part for a set of poor financial results released by Khazanah last week. Responding to questions about the airline’s future, Prime Minister Mahathir Mohamad told reporters in parliament: “I think it is a very serious matter, to shut down the national airline. “We will nevertheless be studying and investigating as to whether we should shut it down or we should sell it off or we should refinance it.” Official news agency Bernama reported that Khazanah last week posted a pre-tax loss of 6.3 billion ringgit (USD 1.54 billion) for 2018, compared with a pre-tax profit of 2.9 billion ringgit the year before. Mahathir, 93 and in his second stint as premier, is seeking to reduce a mammoth national debt inherited from the previous, corruption-plagued regime.last_img read more

Mbappé wanted to join Real or Barca

first_imgKylian Mbappé managed to win the Ligue 1 title with Monaco the last year and this year, he did the same thing with PSG – but Unai Emery admitted that initially, the player wanted to leave to Spain.After a terrific previous season, Mbappé had a lot of options where to go and Emery admitted that at first, PSG weren’t his first choice as he wanted to join either Barcelona or Real Madrid.The former Sevilla coach spoke about this transfer as he said, according to Sports Keeda:Opinion: Neymar will earn respect back from the PSG fans Tomás Pavel Ibarra Meda – September 14, 2019 After completing his incredible return to Parc des Princes, we predict that Neymar will earn the respect back from PSG supporters.The situation between Neymar…“When I met his father, and himself, at home, the player wanted to go to Madrid or Barca, and it was the club and me who told him that he had to be in France.”“Historically, this type of French player, who was just 18 years old and was starting to show up, was leaving France, and as a Frenchman, you must be proud to have Mbappe at PSG.”“The French must be happy that he stays in France, because before the players like him, like [Thierry] Henry, went to England or Spain.”last_img read more

Madrid interested in the services of World Cupwinning midfielder

first_imgReal Madrid are reportedly interested in the services of Chelsea midfielder N’Golo Kante and are willing to offer as much as £80million for his signature.The current UEFA Champions League holders have identified the France international as the man to rejuvenate their season, according to reports in Spain via Sports Mole.The Spanish giants are expected to splash the cash in January to bolster their squad following a dreadful run of results that has seen them go five matches without a win, losing four of those.Reports in the English media speculates Kante as one of the players Madrid want to recruit, and they are willing to table an offer in excess of £ 80million to test Chelsea’s resolve.Jose Mourinho, Lionel MessiMourinho: “Lionel Messi made me a better coach” Andrew Smyth – September 14, 2019 Jose Mourinho believes the experience of going up against Barcelona superstar Lionel Messi at Real Madrid made him a greater coach.The former Leicester City midfielder, who has three years left to run on his existing £150,000-a-week contract at Stamford Bridge, is understood to have already knocked back interest from Juventus and Paris Saint-Germain.Despite saying he is happy with the 2017 Premier League champions, though, the same report indicates that the French World Cup winner would consider an offer from Champions League holders Madrid.last_img read more