MAS mulling over sale of engineering division: report

Kuala Lumpur

MALAYSIA Airlines (MAS) is believed to be mulling over the idea of selling MAS Engineering as part of its plan to return to profitability. The spin-off of the non-core business division will allow the ailing carrier to pump the proceeds into its core business, which is passenger chartering, Malaysia's Business Times reported.

According to an aviation industry source, the plan is much better for MAS than declaring bankruptcy or calling for a privatisation exercise.