Cathay Pacific has become the latest of the Asian legacy carriers to launch an internal restructuring in an effort to become more competitive. However, its moves are nowhere near as drastic as those of Malaysia Airlines, which is starting to see a turnaround in its fortunes. A significant number of the major Asia-Pacific airlines are either undertaking a restructuring program, or have recently completed one. They are under pressure on long-haul routes from the growth of Middle Eastern and ...

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