Termination letters for 6,000 Malaysia Airlines staff on June 1 (Update)

KUALA LUMPUR: The termination letters for all the current employees of Malaysian Airline System Bhd (MAS) will be issued on June 1 under the corporate exercise where the new company (NewCo), MAB Airlines Bhd will take over the loss-making airline.

The NewCo will be ready for the migration of MAS’ operations, assets and liabilities on July 1, 2015.