The head of Malaysia Airlines announced the bankruptcy of the company

Almaty. June 1. Silkroadnews - Malaysia Airlines (MAS), which is in the process of restructuring, is technically a bankrupt. This was stated by the new CEO of MAS Christoph Mueller, reported Russian media.
On June 1, the company begin mass layoffs. According to the plan for the restructuring, the company will leave 14 thousand employees. Estimated number of laid-off employees will be 6 thousand people.
Earlier Ch.Mueller informed that Malaysia Airlines will hold a total re-branding after a series of disasters with Boeing.
According to estimates of the Malaysian consulting firm Endau Analytics, after two accidents with flights MH370 and MH17 airline loses one to two million dollars a day. Thus, total losses of Malaysia Airlines for the past three years amounted to approximately $1.3 billion.