Golden Skies Ventures offers $ 2.5 billion to take over MAS

(Photo by SHAMSHAHRIN SHAMSUDIN / AFP)

Privately-held Golden Skies Ventures (GSV) has told Reuters that it has made a $2.5 billion offer to take over the ailing state carrier, Malaysia Airlines (MAS).

Chief executive officer, Shahril Lamin told Reuters that the company has secured the amount from a European bank and will take about three to four months to get the long-term financing.

GSV had declined to name the firms involved and further stated that discussions are being held with other foreign banks as well as private equity firms.

The company has also submitted its proposal to Morgan Stanley.

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