Finally ... hoping for a good outcome. THE long-awaited restructuring of Malaysia Airlines (MAS) has finally taken off. Yesterday, Khazanah Nasional Bhd embarked on its first step to turn around the ailing airline that has undergone two aviation disasters since March 8 this year – something no other airline has ever gone through. Even before the tragedies, the airline had been in dire straits, losing money repeatedly as it operates in a tough environment where low-cost carriers eat into its market share, while rising jet fuel prices compound its cost. The proposal is for the airline that lost two planes – one mysteriously disappearing with the other being shot down in Ukraine – to be taken off the radar through a corporate exercise. However, the question that is being bandied about is whether a restructuring this time around would be any different, considering that so many of the previous restructuring exercises had failed. Also, questions arise as to whether Khazanah, which is