Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.Khazanah Nasional, the state investment company that owns 69 percent of Malaysia Airlines, said in early August it will announce details of the overhaul by the end of this month. Malaysian news reports said the announcement will come Friday.Analysts expect Khazanah to slash jobs, drop money losing routes to Europe and China, and replace top management.A substantial revamp has long been on the cards for Malaysia Airlines, which was struggling with chronic financial problems even …read more
Source: The Jakarta Post
