Matt McCaffrey: Beleaguered Malaysian Airlines is opting for a - TopicsExpress



          

Matt McCaffrey: Beleaguered Malaysian Airlines is opting for a government buyout in the wake of recent disasters. The company is already 69% state-owned, but a new deal will allow the Malaysian government to acquire the remaining shares, completing the nationalization. The airline has been in a downward financial spiral for years, plagued with union difficulties and loss-making state-management decisions, and the blows suffered in the last five months have only compounded its troubles. bastiat.mises.org/2014/08/malaysian-airlines-opts-for-complete-state-ownership/
Posted on: Mon, 11 Aug 2014 15:34:04 +0000

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