I was informed recently that Khazanah Nasional and several parties including LTAT, Satang Jaya and a few other companies are working to take over Airod and its subsidiary companies.
No word yet on when and how much is the takeover. I hope it really work this time for the good of the Malaysian aerospace industry which came out with so much fanfare in the last 20 years.
In the end, we, as tax payers have to bail it out. What a waste.
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A good development. It would be interesting to see the end entity merge with the likes of ATSC.
ATSC is part of AIROD.