Bankruptcy....It's Not Just For United States Carriers Anymore!
Let's pretend you are running a national flag carrier. 114 out of your 118 domestic routes lose money, and of your international routes, 66 of them lose money.
That's bad, even by our bankruptcy court-addicted domestic airlines' standards. However, it's the ugly reality now being faced by the Jet Set Brother's favorite foreign carrier, Malaysian Airlines.
The three months ending in December put them about $166 million in the hole. They're looking for a little over $1 billion to keep them afloat.
So, anyone out there wanna make an offer for their deluxe HQ in beautiful downtown Kuala Lumpur? All serious offers considered....
That's bad, even by our bankruptcy court-addicted domestic airlines' standards. However, it's the ugly reality now being faced by the Jet Set Brother's favorite foreign carrier, Malaysian Airlines.
The three months ending in December put them about $166 million in the hole. They're looking for a little over $1 billion to keep them afloat.
So, anyone out there wanna make an offer for their deluxe HQ in beautiful downtown Kuala Lumpur? All serious offers considered....
posted by KoryO @ 8:13 AM
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