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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah prepares to swing axe?

Posted on 28 August 2014

Malaysia Airlines (MAS) is reported to be considering axing up to 5,000 staff as part of its restructuring under sovereign wealth fund, Khazanah Nasional. This would amount to around a quarter of the carrier’s staff. The carrier is widely considered to be overstaffed, and was struggling well before the twin tragedies of this year.
Loss making routes, including flights to China and Frankfurt, are also reported to be in the firing line, and the airline is also said to be reviewing its fleet plans………………………………………..Full Article: Source


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