Malaysia Air Seals 90-City Emirates Deal, Drops Paris, Amsterdam - Bloomberg Business

Malaysia Air Seals 90-City Emirates Deal, Drops Paris, Amsterdam - Bloomberg Business:

"Malaysian Airlines agreed a mammoth code-share deal with Dubai-based Emirates, the world’s biggest international carrier, allowing it to sell tickets to more long-haul destinations while scrapping unprofitable routes.
The accord covers more than 90 locations in the U.S., Europe, the Middle East and Africa served via Emirates’s Gulf hub, according to the airline, which will sever 10 code-share agreements with existing partners and drop its own direct flights to Paris and Amsterdam next year.
The deal gives the Malaysian carrier access to Europe without incurring “monumental losses,” Chief Executive Officer Christoph Mueller said in a phone interview Wednesday. Mueller, who took over in March, has already trimmed capacity by 30 percent and cut thousands of jobs as he seeks to revive a company racking up losses even before two high-profile crashes in 2014."



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