Subscribers

Missing plane may hasten MAS break-up

The incident has put the carrier under global scrutiny

[SINGAPORE] The disappearance of Malaysian Air flight 370 may hasten a break-up of the 76-year-old unprofitable airline.

Even before the jet vanished on March 8 on its way to Beijing from Kuala Lumpur, Malaysian Airline System had run up losses of US$1.3 billion in the previous three years. The incident has put the carrier under global scrutiny, jeopardising its reputation and prompting boycotts by travel agents in China.

Analysts now project losses through 2016 and the Subang, Malaysia-based company is trading near the lowest since 2001 relative to its assets, according to data compiled by Bloomberg. Split up, the government-controlled airline could fetch US$1.3 billion, an amount that's more...

BT is now on Telegram!

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