Malaysia Airlines CEO says carrier "technically bankrupt", set to cut jobs, routes

Last Updated: Tuesday, June 2, 2015, 07:01

The newly appointed chief executive of loss-making Malaysia Airlines said on Monday the carrier is "technically bankrupt", underlining the case for a restructuring to cut a third of jobs, scrap some international routes and review its long-haul fleet.

Malaysia Airlines 'technically bankrupt', says new CEO

Last Updated: Monday, June 1, 2015, 13:58

Malaysia Airlines is "technically bankrupt", its new German CEO said on Monday as he outlined plans to stabilise the failing flag carrier including 6,000 job cuts.

Axe to swing as Malaysia Airlines tries to start fresh

Last Updated: Monday, June 1, 2015, 13:57

Mueller, in an email to staff last month, had warned that a major overhaul was necessary as the airline was weighed down by "uncompetitive cost levels" that he said were 20 percent higher than its rivals.

Is AirAsia making the best use of its 171 aircraft?

Last Updated: Wednesday, May 27, 2015, 17:07

AirAsia`s rapid network expansion and huge plane orders aimed at meeting what CEO Tony Fernandes once described as "amazing" demand are in the spotlight after the carrier fell into the red for the first time since 2008.

Malaysia Airlines to lay off all staff, re-hire two-thirds

Last Updated: Monday, May 25, 2015, 22:09

Debt-ridden Malaysia Airlines (MAS) is likely to lay off its entire workforce of 20,000 to start afresh as as a smaller airline with a regional focus rather than international, a media report said Monday.

Hackers target Malaysia Airlines, threaten data dump

Last Updated: Monday, January 26, 2015, 16:54

The website of Malaysia Airlines was commandeered for several hours on Monday by hackers who referenced the Islamic State jihadists and threatened to expose data taken from the carrier`s servers.

Malaysia Airlines shares suspended as part of rescue plan

Last Updated: Monday, December 15, 2014, 09:12

Malaysia Airlines suspended its shares from the country`s stock exchange Monday under a government rescue plan for the flag carrier which is fighting for survival after losing two planes this year.

Aer Lingus CEO picked to helm troubled Malaysia Airlines

Last Updated: Friday, December 5, 2014, 17:46

Troubled Malaysia Airlines has picked the head of Irish flag carrier Aer Lingus, Christoph Mueller, as its future CEO as the airline struggles to recover from its two devastating disasters this year, it was announced Friday.

Malaysia Airlines loses widen in wake of disasters

Last Updated: Saturday, November 29, 2014, 02:31

Crisis-stricken Malaysia Airlines said on Friday that its third-quarter loss widened 54 percent in the wake of two devastating air disasters that have sent its business into a tailspin and prompted a government rescue.

Two dead after plane crashes in Malaysian Borneo

Last Updated: Thursday, October 10, 2013, 23:56

Two people died and four others were injured when a passenger plane crashed into a house in eastern Malaysia`s Sabah state on Thursday, Malaysia Airlines said.