: :inin Kyiv (EET)

Malaysia Airlines out of danger 2 years after MH370 disaster


Malaysia Airlines is out of intensive care. Now it’s working on long-term rehabilitation. Two years ago this week, disaster struck when Flight 370 vanished, leaving the company reeling from a crisis magnified months later by the downing of a second Boeing 777 over Ukraine.
Shunned by travelers and already ailing from years of mismanagement that saddled it with at least $1.7 billion in losses since 2011, the Southeast Asian airline teetered on the edge of bankruptcy, forcing its government owners to carry out radical restructuring.
New CEO Christoph Mueller, a turnaround veteran, has been scaling back or cutting unprofitable routes, grounding jets …read more

Source: Loop News Jamaica

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