More pain for grounded airline industry

Two of Malaysia's scheduled airlines operating out of Malaysia - AirAsia and Malindo Air - are shedding more staff, while Malaysia Airlines is struggling to convince leasing companies on its restructuring plan.

AirAsia Bhd and AirAsiaX Bhd retrenched 10 percent of its 24,000 employees two weeks ago, according to AirAsia Group CEO Tony Fernandez.

In June, AirAsia laid off 333 staff - 111 cabin crew, 172 pilots, and 50 engineers.

Its sister companies are also heavily affected - AirAsiaX is currently...