8-Jun-2010 11:08 AM

Malaysia Airlines states it favours consolidation

Malaysia Airlines CEO, Tengku Azmil Zahruddin, stated the carrier favours consolidation to improve earnings and cut costs (Bloomberg, 08-Jun-2010).

Malaysia Airlines: “As an industry we are far too fragmented and that is one of the reasons that we don’t make reasonable returns for shareholders,” Tengku Azmil Zahruddin, CEO. Source: Bloomberg, 08-Jun-2010.