Malaysia Airlines to cut 6,000 jobs, de-list in $1.9 bln restructuring


KUALA LUMPUR - Malaysia Airlines , the country's loss-making flag carrier, will cut 30 percent of its workforce as part of a sweeping restructuring that will cost 6 billion ringgit ($1.90 billion), majority investor Khazanah Nasional [KHAZA.UL] said.

UPDATE 1-Malaysia Airlines to cut 6,000 jobs, de-list in $1.9 bln restructuring

* Aims to return to profitability within 3 years of de-listing (Adds comments from Khazanah's managing director, background)

1:29pm IST

Volcanic eruption in Papua New Guinea causes flight diversions

SYDNEY - A volcanic eruption in Papua New Guinea on Friday sent smoke and ash spewing high over the South Pacific island nation, leading some aircraft to alter their flight paths.

Environment, Environment, 10:17am IST

UPDATE 4-Germanwings pilots to strike in Lufthansa dispute

* Lufthansa shares down 3 percent (Recasts with union response, adds Germanwings customer comments)

28 Aug 2014

UPDATE 2-Malaysia Airlines warns of poor second-half earnings after jet disasters

KUALA LUMPUR, Aug 28 - Malaysia Airlines has warned of poor second-half earnings as passenger bookings continue to fall in response to the loss of two aircraft in separate disasters this year.

Regulatory News, 28 Aug 2014

UPDATE 2-JAL gives Japan's flagging home-grown regional jet boost with orders

TOKYO, Aug 28 - Japan Airlines Co said on Thursday it has agreed to buy 32 Mitsubishi Regional Jets worth around $1.5 billion, giving Japan's first domestically manufactured commercial passenger plane in half a century a needed sales boost.

Japan, 28 Aug 2014

Malaysia Airlines posts Q2 net loss of $98 mln

KUALA LUMPUR - Malaysia Airlines on Thursday reported another financial loss and warned of poor second-half earnings, as passenger bookings tumbled in response to the loss of two aircraft in separate disasters this year.

Business, 28 Aug 2014

China tells U.S. to reduce or halt "close surveillance" patrols

BEIJING - China on Thursday urged the United States to cut back on, or even stop, its close surveillance of the Asian giant using patrol aircraft, if it seriously seeks to repair damaged bilateral ties.

World, 28 Aug 2014

CORRECTED-UPDATE 1-Malaysia, Australia to share costs for latest phase of MH370 search

(Corrects number in quote in 4th paragraph to A$50 million from A$15 million)

Regulatory News, 28 Aug 2014

Qantas looks past record loss, opens door to foreign investors

SYDNEY - Qantas Airways Ltd is looking past a record annual loss and predicting blue skies ahead, as a landmark change in Australian laws opens the door to significant foreign investment in the airline's international arm - its biggest headache.

Business, 28 Aug 2014