Malaysia Airlines To Transfer All Assets To New Company

Discussion in 'Blogstand' started by BoardingArea, May 26, 2015.  |  Print Topic

  1. BoardingArea

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    Malaysia Airlines is in a terrible financial situation, and finally has a new CEO, Christoph Mueller, who's trying to turn the company around by cleaning house. And he's not being moderate in how he's approaching it. As I've written about in the past, Malaysia Airlines is trying to sell all of their A380s and some of their 777s. On top of that, it was previously announced that Mueller plans to lay off ~6,000 people in the coming months, which is ~30% of Malaysia's workforce. Well, based on the latest information we have, it looks like the layoffs could be even more extreme than that. I can't even imagine what morale is like at the airline right now. The post Malaysia Airlines To Transfer All Assets To New Company appeared first on One Mile at a Time.

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