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Malaysia to decide fate of Malaysia Airlines 'soon', PM says

Video Credit: Reuters Studio - Duration: 01:48s - Published < > Embed
Malaysia to decide fate of Malaysia Airlines 'soon', PM says

Malaysia to decide fate of Malaysia Airlines 'soon', PM says

The Malaysian government is considering whether to shut, sell or refinance national carrier Malaysia Airlines, Prime Minister Mahathir Mohamad said on Tuesday.

As Francis Maguire reports, the airline has been trying to return to profitability as it recovers from two disasters in 2014, when flight MH370 disappeared and flight MH17 was shot down.

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Malaysia to decide fate of Malaysia Airlines 'soon', PM says

The future of Malaysia Airlines is up in the air, As Malaysia's government says its considering whether to shut, sell or refinance its national carrier.

Malaysia's Prime Minister said a decision will be made 'soon'.

(SOUNDBITE) (English) MALAYSIA PRIME MINISTER, MAHATHIR MOHAMAD, SAYING: "I think it is a very serious matter to shut down the national airline.

We will nevertheless study the situation as to whether to shut it down or we should sell it off or whether we should refinance.

All this thing are open for the government to decide." The airline has tried to transform its operations - and return to profitability by 2019, As it recovers from two disasters in 2014.

That year Flight MH370 disappeared en route from Kuala Lumpur to China, in what remains a mystery for investigators.

Last week saw the fifth anniversary of the flight vanishing with 239 onboard in March 2014.

Malaysia, Australia and China have spent hundreds of millions of dollars searching huge areas of the Indian Ocean, But have not found the plane.

Last year Malaysian investigators said the plane's controls were likely deliberately manipulated to take it off course, But couldn't determine who was responsible.

(SOUNDBITE) (English) HEAD OF MH370 SAFETY INVESTIGATION TEAM, KOK SOO CHON, SAYING: "We cannot deny the fact that, as we'd analysed, the systems were manually turned off with intent or otherwise." Just months after MH370 disappeared, Flight MH17 was shot down over a warzone in eastern Ukraine.

Killing all 298 people onboard in July 2014.

An international investigation led by the Netherlands found the jet - travelling from Amsterdam to Kuala Lumpur - Was brought down by a Russian surface-to-air missile, Moscow denies any involvement.




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