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September 2, 2014

There’s a better way to rescue Malaysia Airlines

On Friday, Khazanah Nasional, the parent company of Malaysian Airline System, announced the airline’s fourth and most radical restructuring since its founding in 1972. This one, too, is likely to fail. The real challenge, though, isn’t overcoming the twin tragedies of MH370 and MH17 and the loss of passenger confidence (and ticket revenue) that followed. Rather, the problem is the spectacular growth of Southeast Asian discount airlines, which have wreaked havoc on state-subsidized flag carriers such as Malaysia Airlines that used to have the region all to themselves.

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