Browsing: MH370

Business Malaysia Airlines' Boeing 777-200
Malaysia Airlines problems run far deeper than the crashes of MH370 and MH17

Following the catastrophic losses of flights MH370 over the Indian Ocean and MH17 over Ukraine, Malaysia Airlines (MAS) has received a bailout of nearly £1.2 billion from the Malaysian government. The airline is to be de-listed from the stock exchange and taken over entirely by Khazanah, the government’s investment arm. As part of the restructuring, 6,000 jobs – or 30% of the workforce – will be axed, along with yet-to-be-announced cuts to unprofitable routes and the appointment of a new chief executive.