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Will Double Disasters Put Malaysia Airlines Out of Business?

Malaysia Airlines planes on the tarmac at Kuala Lumpur International Airport
Malaysia Airlines planes on the tarmac at Kuala Lumpur International AirportPhotograph by Brent Lewin/Bloomberg

As rebels in Ukraine finally release bodies and remains of victims of the MH17 crash, Malaysia Airlines is trying to reassure would-be flyers that the airline won’t be anywhere close to the area in the future. On its website, the airline has a map of Ukraine (including Crimea), with the borders all red-lined. “Malaysia Airlines now avoids Ukranian airspace entirely, flying farther south over Turkey.” Meanwhile, any customers who go to the carrier’s “Deals of the Day” link get a one-sentence message. “Sorry, there are no deals at the moment.”

Nearly a week after the downing of MH17 in Ukraine, MAS executives are focusing on finding a way to save the company. The carrier this week is going to present a plan to its parent, state-run Khazanah Nasional, Bloomberg News reported yesterday. Bankruptcy is one option. Taking the company private is another.