Malaysia Airlines braces for state-mandated shakeup as it reels from twin disasters

August 28, 2014 7:12 PM

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Malaysia Airlines braces for state-mandated shakeup as it reels from twin disasters

HONG KONG - Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.

Khazanah Nasional, the state investment company that owns 69 per cent of Malaysia Airlines, said in early August it will announce details of the overhaul by the end of this month. Malaysian news reports said the announcement will come Friday.

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