Malaysia Airlines set for overhaul

Malaysia’s government will carry out a complete overhaul of its troubled national airline in an attempt to revive the loss-making firm after it was hit by two devastating jetliner disasters this year.

The move to de-list Malaysia Airline System and take it private had been expected since ticket sales slumped in the wake of the disappearance of MH370 on March 8 with 239 passengers and crew onboard.

The airline’s crisis deepened on July 17 when another jet, Flight MH17, was shot down over Ukraine, killing all 298 people on board.