Malaysia Airlines to cut 6,000 staff after disasters

Malaysia Airlines is to cut 6,000 staff as part of recovery plan after being hit by two disasters this year.

The reduction in staff numbers represents around 30% of its workforce of 20,000.

The airline will become completely state owned, and a new chief executive will eventually be put in place.

Investigators continue to hunt for flight MH370, the Kuala Lumpur to Beijing flight which went missing in March.

The MH17 air crash in eastern Ukraine is also under investigation. The plane was shot down on 17 July, with the loss of all 298 people on board.

The recovery plan will cost about 6 billion Malaysian ringgit (£1.1bn, $1.9bn).

Khazanah Nasional, the state investment company that owns a 69% stake in the troubled firm, will take 100% ownership.

"The combination of measures announced today will enable our national airline to be revived," said Khazanah's managing director Azman Mokhtar.

"Success is by no means guaranteed - while it is imperative that

After disasters, stricken Malaysia Airlines staff brace for job cuts

As bodies from downed Flight MH17 were brought home last week, a group of Malaysia Airlines (MASM.KL) flight attendants, in black mourning headscarves contrasting with their pink and turquoise uniforms, sobbed and clung to each other in grief.

The 19,500 staff of Malaysia Airlines (MAS) now face a new ordeal - a quarter of them may lose their jobs at the unprofitable airline, hit by two jet disasters this year. Flight MH370 remains untraced since its disappearance en route from Kuala Lumpur to Beijing in March.

Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government for announcement as early as

Most Asian shares fall on Malaysian Airline crash

Most Asian shares saw falls on Friday after a Malaysia Airlines jet carrying 298 people crashed in east Ukraine on a flight from Amsterdam to Kuala Lumpur.

Malaysia Airlines said flight MH17 was carrying a total 298 people, with 283 passengers including three infants, and 15 crew.

There were no signs of survivors at the scene of the crash near the village of Grabovo.

Japan's Nikkei 225 had fallen by more than 1% in morning trade in Tokyo.

Hong Kong's Hang Seng index fell by 0.8% on opening, while China's Shanghai Composite was up 0.4% in morning trade.

Shares in Malaysia Airlines had fallen more than