Malaysia Airlines unveils a two-part recovery plan, hopes to be profitable in two years

Malaysia Airlines Boeing 737-8H6 WL 9M-MXC (msn 40130) HNL (Ivan K. Nishimura/Blue Wave Group), originally uploaded by Airliners Gallery.

Malaysia Airlines (Kuala Lumpur) today (December 7) unveiled a new business plan to return the Group back to the black by 2013. The changes include shrinking its network and dropping unprofitable routes. Three cities that will be drop include Cape Town, Johannesburg and Buenos Aires.

Malaysia also announced the launch of a new unnamed premium airline to serve regional routes by the second half of 2012. The new subsidiary will operate a fleet of 45 Boeing 737-800s. Eventually this new airline will take over all domestic and regional routes operated by Malaysia.

Read the full statement by the airline: CLICK HERE

Malaysia Slide Show: CLICK HERE

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This entry was posted in Malaysia Airlines and tagged Malaysia Airlines on December 7, 2011 by Bruce Drum.

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