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Malaysia Airlines to be privatized and restructured

Malaysia Airlines to be privatised and restructuredPrior to the March 2014 disappearance of flight MH 370, most non-frequent flyer were unaware of Malaysia Airlines. Since the disappearance of the Boeing B777 aircraft the airline has been severely affected by the ongoing turbulence surrounding its disappearance.

Malaysian state investor Khazanah Nasional plans to take Malaysian Airline System (MAS) private as the first step in a major restructuring of the loss-making airline. Reuters is reporting that Malaysia Airlines has experienced a “steep drop in passenger traffic since the disappearance of MH370.”

It is important to note that the airline has reported loses for three years prior to the disappearance of MH370.

Now the struggling airline is planning on a major restructuring and also plans to become private. However, labor unions have blocked previous plans to restructure.

Khazanah Nasional said it is currently considering a number of options and would announce its final decision within the next 12 months.

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Frequent Flyer. Scuba Diver. Travel Blogger. [Follow me on Twitter: @iAdumb]
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