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No job cuts in Malaysia Airlines takeover, assures AirAsia

PETALING JAYA – Datuk Pahamin and his partners who are keen to take over Malaysia Airlines have given their assurances that there will be no job cuts should their plan to turn the ailing airline around be accepted by the government.

When asked where was Datuk Pahamin will be getting the funding to power Malaysia Airlines, he said: “We will not ask the government for loans or guarantees. In fact, funding is the least of our problems. My partners can get the money. Then people will come and invest. We are talking to local and foreign institutions. We are also talking to those who will be doing the due diligence.”

Datuk Pahamin was previously the director-general of the road transport department and was non-executive chairman of AirAsia for seven years from 2001 to 2008.

The Pahamin-led group met Prime Minister Mahathir Mohamad this week to express interest to help turn the airline around.

The Prime Minister is the chairman of Khazanah, the sole shareholder of Malaysia Airlines.

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