Malaysia Airlines received shareholder approval for a MYR2.67 billion ($784.6 million) rights issue designed to fund future fleet growth and expansion. It said the rights shares priced at MYR1.6 each will be offered to current shareholders on a one-for-one basis. No date for the issue was announced. MAS is aiming to own at least a third of its fleet and is purchasing six yet-to-be-delivered A380s, two 747s and two 777s from state-owned Penerbangan Malaysia Berhad for INR3.19 billion. The ...

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