Rizal Philippines | September 1, 2014
From NY post
As predicted, Malaysian Airlines faced financial woes, as its revenues were severely affected by twin disasters: MH 370 bound for Beijing, which disappeared at the Indian Ocean and MH 17 which was shot down by (Ukraine, pro or rebels) by a SAM. Prior to this, Malaysian Airlines was in financial difficulty.
The trading of its shares has likewise been suspended.
Malaysian Airlines will cut 6,000 workers, or 1/3 of its workforce, and the government will assume 100% of its equity.
Will this solve the woes of the airline?
Or is does it have to rebrand?
