Malaysia Airlines

August 29, 2014 - 7:54am

Malaysian Airlines (MAS) is to lay off just over 30 percent of its workforce in a restructuring that will see it brought under the full ownership of state-backed sovereign wealth fund Kazanah Nasional Berhad.

August 28, 2014 - 11:45am

Announcing a record statutory after-tax loss of A$2.8 billion ($2.6 billion) on August 28, Qantas chief executive Alan Joyce said that the Australian flag carrier has “come through the worst” as it navigates an aggressive cost-cutting program announced in February 2014.

August 12, 2014 - 9:20am

In a move to ensure the viability of Malaysia Airlines, the country’s sovereign wealth fund, Khazanah Nasional Berhad, has stepped in with $430 million rescue plan to delist the national carrier and take it private.

August 11, 2014 - 10:10am

The governments of Australia, Malaysia and China jointly announced that Australia has awarded a contract to a private company to continue the search of the southern Indian Ocean sea floor for missing Malaysia Airlines flight MH370. The company plans to use two ships towing deep-water vehicles to conduct the search, which is expected to take up to 12 months.

July 29, 2014 - 4:42pm

The International Civil Aviation Organization has agreed to establish a task force early next week to identify “gaps” in the system used by the airline industry to assess risk of flying over conflict zones.

July 29, 2014 - 9:30am

The apparent lack of a cohesive international system for assessing threats in airspace over conflict zones has revealed itself again in differing conclusions reached by major Persian Gulf airlines about the dangers of flying over Iraq.

July 24, 2014 - 12:27pm

The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.

July 24, 2014 - 11:12am

India’s loss-making Jet Airways and its new 24-percent owner Etihad Airways are formulating plans for restructuring debt and fleet rationalization for enhancing a full-service branding. Jet, reporting $689 million in declared losses last year, expects to show profits by 2017, founder and chairman Naresh Goyal said at a July 23 press conference in New Delhi.

July 23, 2014 - 4:00pm

The lead insurer for Malaysia Airlines war risk hull coverage, London-based Atrium Underwriting Group, has agreed to settle its share of the latest hull loss suffered by Malaysia Airlines. Western military intelligence suggests that separatists in eastern Ukraine shot down Flight MH17 as it flew at 33,000 feet over a region near Donetsk, killing all 298 on board.

July 21, 2014 - 2:05pm

Analysis of the FlightAware.com flight-following site by AINsafety has revealed that Malaysia Airlines Flight MH17 on July 17 was between 150 and 300 nm farther north than some previous flights by the airline on the Amsterdam to Kuala Lumpur route.

 
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