MALAYSIA Airlines, whose flight MH17 was shot down over Ukraine 10 days ago with the loss of 298 passengers and crew, has begun a strategic review that is likely to result in a change of name and a radical overhaul of its business.
The Malaysian government-backed airline, which has suffered the loss of a second airliner in less than six months, is undertaking a major review of its operations.
Work has begun on restructuring the airline to fly profitable international and domestic routes and to increase outsourcing.
Fairfax Media reports sources have indicated the review was likely to lead to additional private investment for the airline, possibly from rival aviation companies.
The review is being led by the Malaysian government, the majority shareholder, and follows the downing of flight MH17 over eastern Ukraine and the unexplained disappearance of flight MH370 in March. MH370 was travelling from Kuala Lumpur to Beijing and lost touch with air traffic control on March 8, an hour after take-off. carrying 239 passengers and crew.
Read more at Brisbane Times.
Update your news preferences and get the latest news delivered to your inbox.