Malaysia Airlines has announced massive plans for axing jobs and scrapping routes as its new German CEO rolls up sleeves to save the “technically bankrupt” flag carrier from further decline.
Christoph Mueller announced Monday he plans to cut around 6,000 jobs and overhaul the company’s structure following recent air disasters that marred its reputation worldwide.
Hit hard by losses over the past five years, Malaysia Airlines suffered serious blows in 2014 when two of its flights ended in disaster. Flight MH370, which disappeared in March that year with 239 passengers on board, still remains missing.
Flight MH17, flying over a restive region …read more
Source: Iran English Radio
