Malaysia Airlines or Firefly? It's Khazanah's call

As the sole shareholder of the country’s national airline, Khazanah Nasional Bhd is on the brink of making the call whether to provide another lifeline to Malaysia Airlines Bhd (MAB) or simply skip out on the ailing carrier.

There is no crystal ball to tell whether MAB would make it through this time even if Khazanah should decide to continue pumping in money given that the government has already given financial support to the airline over the past 20 years.

Like it or not, a decision is imminent as liabilities and debts continue to pile up.

As at end-2018, MAB’s liabilities were...