Aerospace & Defence
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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.
* Aims to return to profitability within 3 years of de-listing (Adds comments from Khazanah's managing director, background)
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.
* Lufthansa shares down 3 percent (Recasts with union response, adds Germanwings customer comments)
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.
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.
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.
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.
(Corrects number in quote in 4th paragraph to A$50 million from A$15 million)
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.