After the MH17 crash there is almost no chance Malaysia Airlines can survive, at least in its current form.Even before disaster struck in March with the mysterious disappearance of MH370, the airline was in a perilous financial position, perhaps the worst in the region, burning cash at an unsustainable rate.After last week’s tragic loss, when MH17 was shot out of the skies over eastern Ukraine, the airline’s destiny has been sealed.Only two options remain for the stricken airline, and both involve a purchase; either a privatisation by the Malaysian Government or a ‘sale’ to a rival – although it is …read more
Source: ABC News
