Published On: Wed, Jun 3rd, 2015

Malaysia airlines on a restructuring mode.

Unique Times-Malaysia airlines on a restructuring mode.

Unique Times-Malaysia airlines on a restructuring mode.

Malaysian airlines chief executive has stated that the airlines system has been technically bankrupt. He also made his announcement on having a plan to execute about 6,000 jobs and looking forward to have a restructuring programme which is also due to the loss of the twin disasters of MH370 and MH17. This airline had offered about 14,000 jobs of its 20,000 workforces. This move follows the appointment of new chief executive Christophe Mueller in May. He reported that the performance decline started during the tragic events of 2014. However the airlines are seen to be operating normally and no flights have been affected. The Malaysian airlines have been moving from one restructuring to the next since more than a decade which was hard for the taxpayers to accept since it was creating few problems. Apart from all this the airlines is now looking forward for a rebranding by 1st September this year.

 

Bejoy George

Photo courtesy: Google

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Malaysia airlines on a restructuring mode.