Ben Bold
Aug 8, 2014

Malaysia Airlines to undergo 'complete overhaul' after state 'privatisation'

MALAYSIA - Tragedy-struck Malaysia Airlines faces a business restructure that could have the carrier renamed, with Malaysia state-run investment firm Khazanah Nasional announcing it wants to buy the shares and delist the firm from the stock market.

The news comes as the airline continues to reel from the impact of two major disasters the disappearance of flight MH370 and the shooting down and crash of flight MH17 in Ukraine, both of which killed hundreds of people.

The investment firm said that the complete overhaul would cover all relevant aspects of, inter alia, the airline’s operations, business model, finances, human capital and regulatory environment. The company said that more details...

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