MAS Dec 2011

MAS: The cash level of MAS has decreased to less than rm1 billion, a trigger point that will normally raise the alarm for MAS. However its top management made it clear that there were no plans to call for a flesh round of fundraising. There were no plans for an equity fundraising and the management is confident of securing of financing soon to pay for new plans that the airline is scheduled to take the delivery. As at Sept 30, 2011, MAS’ cash position stood at rm968 million versus that rm1.53 billion in the preceding quarter.