SEPANG (THE STAR/ASIA NEWS NETWORK) - Malaysia Airlines will remain an international full-fledged service carrier and not a regional carrier. It will also retain all the domestic routes.
Termination letters were sent to 20,000 employees Monday. Of that number, a total of 6,000 staff will have their contracts terminated while 14,000 will be offered employment with the new Malaysia Airlines Bhd group (MAS Bhd).
MAS Bhd will be grouped into three divisions - operations, support functions and learning and development with a total of 12 subsidiaries.
At a briefing on Monday, MAS chief executive officer and CEO designate Christoph Mueller said that under the operations division there would be the passenger airline, MAS Wings, Firefly and MAS Kargo.
Under the support functions division, there will be the maintenance, repair and overhaul, ground handling, MAS Holiday and Enrich.
As for the learning and development division, there will be the Malaysia Airlines Academy, engineering training, flight training and operations training.
MAS Bhd has recorded one million flight tickets sold so far.
Under the three-phase turnaround, the first will be from 2015 to 2017/2018 with growth expected to start in 2017/2018.