'Japan Airlines, AirAsia, Malindo Air have also submitted proposals.'
Proposals to invest in ailing Malaysia Airlines include one from Air France-KLM which wants as much as 49 percent, while Japan Airlines is looking at a 25 percent stake, sources with knowledge of the matter said.
The Malaysian government has been seeking a strategic partner for its national airline, which has struggled to recover from two tragedies - the mysterious disappearance of flight MH370 and the shooting down of flight MH17 over eastern Ukraine. Prime Minister Dr Mahathir Mohamad said yesterday five proposals had been received as part of a review that started last year but declined to name the suitors.
Khazanah, which appointed Morgan Stanley last year to advise on potential options for the airline, said it was working closely with the government.
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