PUTRAJAYA - Malaysia Airlines (MAS) will not be privatised as the plan to turn the airlines around has shown some encouraging results, said Prime Minister Datuk Seri Najib Tun Razak.
The Government, he said, was confident that the national carrier was capable of improving its performance, adding that total losses recorded by MAS were on a "shrinking trend".
The turnaround plan would take some time to produce the expected results, Najib pointed out.
"It will take time to turn around any business entity but what is important is that the trend is shrinking.
"The losses (suffered by MAS) are reducing and I hope it will not be too long from now that MAS will be a profitable company," he told reporters after attending the Finance Ministry's Hari Raya open house here yesterday.
Najib, who is also Finance Minister, was responding to a suggestion by former prime minister Tun Dr Mahathir Mohamad that MAS should be privatised.
Dr Mahathir had said that privatising MAS was one of the ways to address the losses faced by the national carrier, particularly after undergoing turnaround plans several times.
The Government, added Najib, had not set a timeframe for the turnaround plan to produce the full results.