Malaysia Airlines CEO says carrier "technically bankrupt", set to cut jobs, routes
The newly appointed chief executive of loss-making Malaysia Airlines said on Monday the carrier is "technically bankrupt", underlining the case for a restructuring to cut a third of jobs, scrap some international routes and review its long-haul fleet.
Jun 02, 2015, 07:01 AM IST
Malaysia Airlines 'technically bankrupt', says new CEO
Malaysia Airlines is "technically bankrupt", its new German CEO said on Monday as he outlined plans to stabilise the failing flag carrier including 6,000 job cuts.
Jun 01, 2015, 13:58 PM IST
Axe to swing as Malaysia Airlines tries to start fresh
Mueller, in an email to staff last month, had warned that a major overhaul was necessary as the airline was weighed down by "uncompetitive cost levels" that he said were 20 percent higher than its rivals.
Jun 01, 2015, 13:57 PM IST
Is AirAsia making the best use of its 171 aircraft?
AirAsia`s rapid network expansion and huge plane orders aimed at meeting what CEO Tony Fernandes once described as "amazing" demand are in the spotlight after the carrier fell into the red for the first time since 2008.
May 27, 2015, 17:07 PM IST
Malaysia Airlines to lay off all staff, re-hire two-thirds
Debt-ridden Malaysia Airlines (MAS) is likely to lay off its entire workforce of 20,000 to start afresh as as a smaller airline with a regional focus rather than international, a media report said Monday.
May 25, 2015, 22:09 PM IST
Hackers target Malaysia Airlines, threaten data dump
The website of Malaysia Airlines was commandeered for several hours on Monday by hackers who referenced the Islamic State jihadists and threatened to expose data taken from the carrier`s servers.
Jan 26, 2015, 16:54 PM IST
Malaysia Airlines shares suspended as part of rescue plan
Malaysia Airlines suspended its shares from the country`s stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year.
Dec 15, 2014, 09:12 AM IST
Aer Lingus CEO picked to helm troubled Malaysia Airlines
Troubled Malaysia Airlines has picked the head of Irish flag carrier Aer Lingus, Christoph Mueller, as its future CEO as the airline struggles to recover from its two devastating disasters this year, it was announced Friday.
Dec 05, 2014, 17:46 PM IST
Malaysia Airlines loses widen in wake of disasters
Crisis-stricken Malaysia Airlines said on Friday that its third-quarter loss widened 54 percent in the wake of two devastating air disasters that have sent its business into a tailspin and prompted a government rescue.
Nov 29, 2014, 02:31 AM IST
Malaysia Airlines tweaks its "Bucket List" sales campaign
Malaysia Airlines has changed the wording of an online contest called "My Ultimate Bucket List" after Internet users derided the campaign as insensitive following two disasters suffered by the airline this year that claimed 537 lives.
Sep 03, 2014, 15:00 PM IST
Malaysia Airlines to cut 6,000 jobs, spend $1.9 bln on restructuring: Report
The state fund said the airline will be de-listed from the Kuala Lumpur exchange by the end of 2014.
Aug 29, 2014, 13:33 PM IST
Malaysia Airlines suspends share trading ahead of restructuring plan
Struggling Malaysia Airlines suspended trading in its shares Friday ahead of an announcement later in the day on a restructuring plan aimed at keeping the carrier in business following two devastating air tragedies.
Aug 29, 2014, 11:30 AM IST
Malaysia Airlines loss nearly doubles on MH370 impact
Crisis-stricken Malaysia Airlines said on Thursday its second-quarter loss nearly doubled as the loss of flight MH370 spurred a decline in bookings, warning the red ink would accelerate as the year wears on.
Aug 28, 2014, 19:44 PM IST
Malaysia plans overhaul of national airline
The plan comes after the loss-making carrier's two recent disasters.
Aug 08, 2014, 16:06 PM IST
Malaysia Airlines to overhaul, change name
Reeling under the pressure of two catastrophic aviation tragedies, Malaysia Airlines is mulling a name change and restructuring of routes in a bid to repair its reputation, a media report has said.
Jul 28, 2014, 18:49 PM IST
Air India plane was not on same flight path as MH17: AI
An Air India plane was not on the same flight path as the ill-fated Malaysia Airlines aircraft over the Ukrainian airspace when it was shot down, a senior airlines official said Sunday.
Jul 20, 2014, 21:03 PM IST
Corporate woes deepen for crisis-hit Malaysia Airlines
Shares in struggling Malaysia Airlines sank today after one of its jets crashed in Ukraine, dealing it a blow just months after the loss of Flight MH370, with analysts warning of the firm's collapse without government help.
Jul 18, 2014, 16:52 PM IST
Plane crash over Ukraine hits European, Russian shares
Europe`s main stock markets fell at the start of trading on Friday, as the crash of a Malaysia Airlines plane in rebel-held eastern Ukraine continued to weigh on investor sentiment.
Jul 18, 2014, 13:18 PM IST
