Yvo and utiket

Malaysia Airlines 'technically bankrupt'

3 Jun 2015 05:13:13

bbc.com

Malaysia Airlines is "technically bankrupt" ;, its chief executive has said, as he announced a restructuring programme and plans to cut about 6,000 jobs.

The announcement follows the twin air disasters which forced its nationalisation last year.

The airline said it had "offered jobs" to 14,000 of its 20,000 workforce.

The move was expected and follows the appointment of new chief executive Christoph Mueller in May.


Read full story: bbc.com

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