Malaysia Airlines is set to undergo a radical restructuring with a quarter of its staff axed and routes to Europe and China slashed following two disasters in March and July this year.
The changes will also see the airline delisted from the stock market and become nationalized.
The carrier – expected to also change its name – will cut some of its existing long-haul schedule and rely more heavily on its Oneworld alliance partners – including British Airways – in order to bring in flyers from Europe.