Pretty interesting… if this goes through, it’s pretty much guaranteed that Malaysia Airlines will leave Oneworld, which would be another hit to the alliance.
For context, the Malaysian government has been considering shutting down or selling Malaysian Airlines following a few unfortunate events.
Air France-KLM isn’t the only airline to propose a stake in Malaysian Airlines as Japan Airlines has offered a 25% stake. The Japan Airlines and Malaysian Airlines currently have a joint venture for destinations between Japan and Malaysia.
Additionally, domestic carrier AirAsia Group Bhd and Malindo Air, the Malaysian arm of Indonesia’s Lion Air, have also submitted proposals.