The Malaysian government’s investment arm, Khazanah Nasional, will offer shareholders 8 cents for each share in Malaysia Airlines (MAS) to take the troubled airline private. The move to de-list MAS from the Malaysian stock exchange is due to the airline’s unfavourable financial performance, having recorded a net loss for the past three years, MAS said in a statement after announcing the suspension of its shares. The de-listing will cost Khazanah nearly $435 million. Khazanah, which owns 69.37 percent of MAS, will undertake a comprehensive review and restructuring of the airline, which has suffered two jetliner disasters this year. Private ownership will allow room for Khazanah to introduce an appropriate capital structure for MAS to meet its “substantial funding requirements” in the next few years, and to sustain operations amid a high level of debt, the statement said.