Khazanah releases more details on MAS restructuring

Malaysian state investment fund Khazanah Nasional has released further details of its plans to restructure Malaysian Airlines System that revolve around large-scale job cuts, contracting the airline’s route network and changing its fare structure. Sources within Khazanah told local media that MAS was also likely to replace its ageing fleet of B777s with newer Airbus A330s and A350s to maintain medium-haul services, particularly within Asia. The airline may also sell its six A380s, which it uses on services to London, Paris and Sydney, to stem the losses it makes on operating the type. “If they keep the six A380s, then