oneworld Member Malaysia Airlines Entered Receivership Today

Discussion in 'Blogstand' started by BoardingArea, May 25, 2015.  |  Print Topic

  1. BoardingArea

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    Malaysia Airlines was placed into receivership today. The idea is that they are going to move the 'good' assets to a new company, which will continue to operate the airline. This bankruptcy proceeding and transfer of assets does not - itself - affect operations of the airline. It's a part of the airline's restructuring, though, while is eliminating routes and jobs as the carrier tries to shrink to profitability. Malaysia Airlines was struggling even before MH370 went missing last year.... Continue reading oneworld Member Malaysia Airlines Entered Receivership Today...

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