Ministry said planning RM5.3bil sukuk to buy aircraft

Sukuk sells as high as RM5.3bil are planned by the Finance Ministry aiminig to help the nation’s loss-making carrier buy new aircraft. The sukuk will be under a 20-year programme. Turus Pesawat Sdn Bhd will be responsible for selling the notes, starting marketing this week. The government will purchase six Airbus A380s and two A330s worth RM5.3bil for Malaysian Airlines (MAS). By expanding its fleet, MAS hopes to win back business from AirAsia Bhd.

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