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Malaysian Airline Bankrupt


June 1,2015: According to Malaysian airlines chief executive, Malaysian airline is technically bankrupt and it is planning to cut around 6000 jobs.

Malaysia Airlines flight MH370 disappeared with 239 passengers and crew last year in March and four months later flight MH17 was shot down by a suspected ground-to-air missile while in Ukrainian airspace, with the loss of 298 passengers and crew.

Due to those twin disasters the businesses went down and they are cutting the numbers of workers from 20,000 to 14,000.


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