Kuala Lumpur (AFP) – Malaysia Airlines will slash thousands of staff, trim routes, replace its CEO and could see future stake sales to outside investors under plans announced Friday to save it from bankruptcy after two devastating disasters.State investment fund Khazanah Nasional, which has taken control of the failing flag carrier, said it planned to pump 6 billion ringgit ($1.9 billion) into the airline under a plan it hopes will return the company to profitability within three years.Khazanah’s Managing Director Azman Mokhtar said, however, there were no plans to change the carrier’s name — now deeply tarnished by its association …read more
Source: Business Insider