A government-backed reorganization plan will inject RM6 billion ($1.9 billion) into Malaysia Airlines in an effort to restore the troubled carrier to profitability by the end of 2017, with almost a third of its workforce to be laid off and its network redesigned. The Khazanah state fund, majority owner of MAS, announced a 12-point plan for the airline a day after it reported a steep quarterly loss. The carrier was already in poor financial condition before the loss of flights MH370 and MH17, ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Overhaul Plan Details Sweeping Changes For Malaysia Airlines".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.