Subscribers

After a tragic year, can Malaysia Airlines get its act together?

Carrier exits Malaysian bourse, hopes to be profitable and relist with 12-point "recovery plan"

Singapore

FLAG carrier Malaysian Airline System Berhad (MAS) made its humble exit from the Malaysian stock market last Friday with a heavy note of despair mixed with a speckle of hope.

The carrier departs Bursa Malaysia after three decades of a wild ride; from the heyday of notching up record profits year after year in the early 1990s to the painful downward spiral post-Asian financial crisis which it has never recovered from.

But it would be the shocking unprecedented twin mishaps this year involving its jetliners that led to the loss of 537 lives which would seal the carrier's fate and compel its long-resisted exit from the stock exchange last week. "An airline is a powerful symbol of statehood....

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes