Recent reports were hinting at a possible privatization of Malaysia Airline. The two recent disasters (and previous management issues) have basically left the business on the brink of total collapse.
Read this though:
The Company wishes to announce that the Board of Directors of MAS (“Board”) has received a letter dated 8 August 2014 from its major shareholder, Khazanah Nasional Berhad, requesting for the Company to undertake a selective capital reduction and repayment exercise pursuant to Sections 60 and 64 of the Act. A copy of the aforesaid letter is attached herewith.
The majority shareholder mentioned here is a government-owned sovereign fund. Since it's proposing to buy back the remaining shares, we're talking nationalization (as opposed to what happened with BA-Iberia or, more recently, Alitalia-Etihad).
Remains to be seen if this is just a temporary step in order to restructure before re-issuing shares.