Fact Check : Malaysian Airline System (MAS) In Liquidation?

KPMG today shook the Internet when they announced that Malaysian Airline System Berhad (MAS) was in liquidation!

Find out what happened, and what the FACTS really are!

Fact Check : Malaysian Airline System (MAS) In Liquidation?

 

Malaysian Airline System In Liquidation?

KPMG today shook the Internet when they announced that Malaysian Airline System Berhad (MAS) was in liquidation!

NOTICE TO ALL CREDITORS

IN THE MATTER OF COMPANIES ACT 2016
AND
IN THE MATTER OF
MALAYSIAN AIRLINE SYSTEM BERHAD
– IN LIQUIDATION
Registration No :197101000245 (10601-W)
(In Creditors’ Voluntary Liquidation since 14 February 2020)

NOTICE OF SUBMISSION OF PROOF OF DEBT OR CLAIM

NOTICE IS HEREBY GIVEN THAT creditors of the Company, whose debts or claims have not already bee admitted, are required not later than 5:00 p.m. on 12 November 2020, to prove their debts or claims and to establish any title they may have to priority by delivering by hand or sending by post to the Liquidator at the address below, a formal PROOF OF DEBT or claim in accordance with the Proof of Debt General Form (which may be obtained from the Liquidator) containing their respective debts or claims and all documents.

KPMG MAS Liquidation

 

Malaysian Airline System (MAS), Not Malaysia Airlines Berhad (MAB)

The liquidation of Malaysian Airline System (MAS) is genuine, and so is the KPMG notice to creditors.

However, Malaysian Airline System (MAS) is an old, defunct entity, and is separate from Malaysia Airlines Berhad (MAB) which owns Malaysia Airlines.

In other words, Malaysia Airlines – the national carrier of Malaysia – is NOT being liquidated by KPMG.

Malaysia Airlines Berhad today issued this statement :

Malaysia Airlines Berhad (MAB) wishes to clarify that the notice to creditors for submission of proof of debt or claim that has been circulating on social media is one of the processes of liquidation undertaken by KPMG for the old entity Malaysian Airline System Berhad (MAS), as the appointed liquidator of the company since February 2020. The matter is unrelated to MAB and is no way part of its current restructuring exercise.”

 

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