Jentayu apologises, hopes to meet Khazanah

Jentayu Danaraksa Sdn Bhd (JD) today expressed its profound regret over events that have transpired since the company's media briefing on Dec 15.

"We sincerely hope we have the opportunity to share, elaborate and explain in greater detail our proposal to Khazanah Nasional Bhd and apologise if we have caused any inconvenience," JD said in a statement Thursday.

On Tuesday, JD said its meeting with Khazanah over the former's proposal to buy Penerbangan Malaysia Bhd (PMB) and turn it into a global aircraft leasing firm had been called off.

A day earlier, it told the media that it was supposed to present its RM8.75 billion deal in its bid to rescue debt-ridden Malaysia Airlines (MAS) to the state sovereign fund.

Meanwhile, JD said its intention had never been to undermine Khazanah's restructuring process but rather to augment the 12-point plan.

"Our action thus far indicates we have no hidden agenda.

"We have been transparent and sincere from the outset in our effort to assist Khazanah resolve MAS' problems," it said.

The company said critical to Khazanah's exercise are the slashing of 6,000 jobs and RM6 billion of taxpayers' money to be injected into MAS.

"JD believes its proposal would alleviate this. Our priority is to help MAS turn around, save as many employees as possible and ensure that MAS regains its stature as one of the world's top carriers," it said.

The company said its goals since its inception have been to help prevent job losses at MAS and make Malaysia one of the major beneficiaries of the Asean Open Skies policy starting in 2015.

It said it also wants to help rehabilitate MAS via the use of an existing vehicle, PMB, by exploiting the advantages presented from the exclusive use of aircraft leasing against the business model currently employed by MAS.