Malaysia Airlines Major Announcement

[Foreigner]

Trading in MH shares have halted pending major announcement today:

Malaysia Airlines shares suspended pending announcement | Reuters

 

[drron]

6000 staff to go-
MAS to trim workforce by 6,000 | New Straits Times

 

[cmon0005]

I hope the new company will remain in Oneworld. Sad about the 6000 staff.

 

[drron]

Routes to be reviewed later-
In revamp, MAS to review Europe, Turkey routes | Malaysia | The Malay Mail Online

No change to name-
MAS to trim workforce, new company to take over | New Straits Times

 

[BAM1748]

Some here might think this was not foreseeable :shock: but I suspect the major shareholder (the Govt) will use this to try and set up MAS as a regional profit making airline and then list again on the market to recoup some costs. They have been making losses for many years.

Matt