Malaysia Airlines Halts Trading, Becomes State Owned
Malaysia Airlines, the same airline that has lost two Boeing B777 jets this year with passengers on board, has terminated its trading of shares and is rolling out a plan to become state owned.
The plan for Malaysia Airlines to become state owned was rolled out in Kuala Lumpur on Friday.
Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price. It also plans to roll out a “complete overhaul” of the airline to help the struggling airline.
The first step for the airline to become state owned is by ending trading and buying out the minority shareholders.
Earlier Friday morning, a notice was posted on the Kuala Lumpur stock exchange which said that the airline had requested the suspension as of 9 a.m. Friday “pending a material announcement.” The announcement, of course, was that Malaysia Airlines will become state owned and restructured.
A more accurate title would have been, “Malaysia shareholders bought out in nationalization plan.” What your headline suggests with “terminates trading” is that shareholders are wiped out. Sounds like they are instead getting a premium to the last closing prices.
Hey Bill, unfortunately, for optimal search engine purposes there is a # limit of words we can use in the title. If a reader read the article they would read the following “Khazanah Nasional, which owns a majority stake in the carrier, says Friday it plans to buy out minority shareholders at a premium to the airline’s recent share price. It also plans to roll out a “complete overhaul” of the airline to help the struggling airline.” which is what you mentioned in your last sentence. Thanks for your feedback, hope this helps clear it up!
The suggested title uses the same number of words as the actual title used.
While that may be true, actually, it doesn’t change the fact that if you “read” the article it would bring you to the point you were making. Headlines are supposed to be controversial, pickup a newspaper or visit a news site 🙂