Ever since last month’s crash in Ukraine, its second disaster this year, Malaysia Airlines has been struggling to survive. The airline had been losing money before the March disappearance of MH370 and the July crash of MH17. Malaysian Prime Minister Najib Razak was just one of the critics calling for major changes.
This week, the airline’s owners may finally decide what those changes will be. The sovereign wealth fund that controls MAS is considering a series of steps to stem record losses, including layoffs of up to 20 percent of its workforce. Among those likely to lose their jobs, Bloomberg News reported on Monday, is Chief Executive Officer Ahmad Jauhari Yahya, whose term ends next month.