Deathwatch: Malaysia Airlines

1 June 2015

malaysia airlines Bleaks times are ahead for Malaysia Airlines, as their new boss claims that the company is "technically bankrupt", after the carrier had two plane accidents within a year.

As a result, Christoph Mueller has announced that 6,000 jobs are going to be cut.

Confidence in the airline is low after Flight MH370 vanished with 239 people on it in March 2014, as well as the accident involving Flight MH17 which was hit by a suspected surface-to-air missile over Ukraine, seeing 298 people die.

These accidents saw the company taken into state ownership, but this was only compounded by what is claimed to be mismanagement of the airline for a number of years. Something that Mueller echoed: "The decline of performance started long before the tragic events of 2014."

Malaysia Airlines have been posting losses for year now, and in a statement, they pledged to "stop the bleeding" regarding their finances. Insensitive language for someone involved in so much loss of human life. Anyway, before they give up, they're going to have a rebrand and they are hoping that they'll return to growth by 2017.

Mueller oversaw a large number of job cuts when he was at the helm at Aer Lingus, and as a result, is referred to in the industry as The Terminator.

Will Malaysia Airlines be back, or is it a case of hasta la vista? And yes, those puns have made us thoroughly ashamed of ourselves.

TOPICS:   Travel   High Street News

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