Did MAS losses affect MH370 safety standards?

Question

Accepted Answer

Malaysia Airlines Denies Link Between Financial Losses and Safety Standards for MH370

Malaysia Airlines group chief executive Ahmad Jauhari Yahya has explicitly denied any connection between the company's financial performance and the safety standards relevant to the MH370 flight. He asserted that the airline prioritises safety and will allocate all necessary resources to maintain secure operations, irrespective of financial outcomes.
Assurance on Safety Measures

Ahmad Jauhari Yahya stated that Malaysia Airlines does not compromise on safety and is committed to spending whatever is required to ensure its operations remain safe for passengers. This assurance was given in response to speculation suggesting that the airline's significant financial losses might have led to cutbacks in safety measures.
Financial Performance of Malaysia Airlines

Malaysia Airlines reported a substantial net loss of RM1.17 billion for the year 2013. This followed previous financial setbacks, including losses of RM2.5 billion in 2011 and RM433 million in 2012. In contrast, the airline had achieved a net profit of RM237 million in 2010.
Ownership and Oversight

The state investment arm of Malaysia, Khazanah Nasional, holds a 70 per cent stake in Malaysia Airlines. This ownership structure places significant responsibility on the government-backed entity for the oversight and financial well-being of the national carrier.

Reading history

Hide →

This history is cleared when the page is closed.

Did MAS losses affect MH370 safety standards?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends