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 be a paid subscriber 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.

Already registered? here.