Newly appointed Malaysia Airlines boss and former Aer Lingus chief Christoph Mueller has said that the Asian carrier is “technically bankrupt”, underlining the case for a restructuring to cut a third of jobs, scrap some routes, and review its long-haul fleet.

The man credited with reviving Aer Lingus has been picked to head the successor company to Malaysian Airline System Bhd (MAS), which is being taken private after being hit by two separate air disasters.

AIRBUS SAS reached a goal of topping 500 orders for its upgraded A320neo aircraft by the end of the Paris Air Show on the second day of the event as carriers put pressure on Boeing Co to respond with an all-new airliner.