Malaysia Airlines plans to cut a third of its workforce after being placed in voluntary administration.
The financially-troubled airline will next week unveil restructuring and rebranding plans as it tries to recover from the two disasters that hit the company last year - the disappearance of flight MH370 in and the shooting down of MH17 over Ukraine.
The national carrier, which will become a new company, will lay off around 20,000 employees, cut seat capacity, review its fleet and routes, and may even change its name and livery.
Christoph Mueller, MAS chief executive, said despite the administration operations at the airline “very much business as usual”.
“This appointment does not affect our daily operations or existing reservations. You can continue to make reservations in full confidence that our flights and schedules are operating as normal, that tickets sold will be honoured, and that our Enrich frequent flyer programme continues with Miles and status preserved”, Mueller said.