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Malaysia Airlines To 'file For Bankruptcy Or Go Private' In Turnaround Plan

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http://www.independent.co.uk/news/business/news/malaysia-airlines-to-file-for-bankruptcy-or-go-private-in-turnaround-plan-9619054.html

Embattled Malaysia Airlines could file for bankruptcy this week as it struggles to stay afloat after two tragic disasters in less than six months.

The airline is due to present a turnaround plan later this week to Khazanah Nasional, Malaysia's sovereign wealth fund which holds a majority stake.

Some of the proposals will include taking "the company private or allowing it to go bankrupt and then renegotiating union contracts", Bloomberg reported, citing a source close to the matter.

The airline has seen its share price decline 35 per cent in the first half of the year following the loss of Malaysia Airlines Flight 370 over the Indian Ocean and the tragic crash of the MH17 in eastern Ukraine last week, killing 298 people and taking the total death toll to 537 people.

Please keep the thread on topic which is the bankruptcy issue and not the cause of the crashes.

http://www.housepricecrash.co.uk/forum/index.php?showtopic=197240

If you want to discuss the plane crashes / conspiracy theories surrounding them etc... we have a really long thread here that you can fill your boots with and spend several days reading.

Is bankruptcy a viable option for this company? Was it in financial trouble before the first disaster?

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