Malaysia Airlines Is 'Technically Bankrupt'

The new boss of Malaysia Airlines has claimed the carrier is "technically bankrupt", following two plane accidents in 12 months. Christoph Mueller has confirmed that 6,000 jobs will be cut at the troubled airline - ahead of a rebrand in September which aims to repair the damage caused by the losses of MH370 and MH17. The tragedies led to Malaysia Airlines being taken into state ownership and delisted from the stock market, but analysts claim the company has been mismanaged for years -