The disappearance of Malaysian Airlines Flight MH370 on March 8, 2014, and the shooting down of MH17 four months later caused significant losses for the airline. In 2015, the airline was considered “technically bankrupt,” leading the Malaysian government to bail it out with a $1 billion investment and taking full control of the company. The bulk of MH370’s wreckage has never been found, though pieces of debris have been discovered. Three theories about the tragedy include pilot suicide, Russian hijackers, and the possibility that the United States shot down the plane to seize sophisticated equipment on board, which was bound for China. Despite extensive searches and investigations, the incident remains an unsolved mystery.
#MalaysiaAirlines #AirlineSafety #AviationIndustry #FinancialWoes
Read this amazing article from Source link
Has Malaysia Airlines ceased operations after facing financial and strategic struggles following two tragic accidents?
