File for Bankruptcy!

Here's an article from Singapore Business Times asking MAS to file for bankruptcy to allow the airline to take off.

MALAYSIA Airlines (MAS) is in dire straits. The ailing carrier announced a massive RM1.2 billion (S$461.7 million) loss for its 2013 financial year on Tuesday.

For the financial year ended Dec 31, 2013, the airline's loss more than doubled to RM1.15 billion, from RM424.8 million in the previous period. Revenue, however, rose more than 9 per cent to RM15.12 billion from the RM13.75 billion previously.

And although the airline's management hopes to turn it around this year, no one else shares that optimism.
Hong Leong Bank, for instance, predicted gloomily that the airline would continue to post losses in 2014 (an estimated RM891 million) and 2015 (an estimated RM490 million).

A subscription is needed to read the whole article HERE.

The Malay Mail also carried a write up based on this article.

READ IT HERE.