Malaysia Airlines is to cut 6,000 jobs as part of a recovery plan after the loss of two aircraft in high-profile disasters. The cuts represent around 30% of its entire workforce.

The airline is to come under state ownership under the plan, which is expected to cost the equivalent of £1.1 billion.

Investigators continue to hunt for flight MH370, the Kuala Lumpur to Beijing flight which went missing in March and the July crash of MH17 in eastern Ukraine is also under investigation.

"The combination of measures announced today will enable our national airline to be revived," said Khazanah's managing director Azman Mokhtar.

"Success is by no means guaranteed - while it is imperative that MAS [Malaysia Airlines] as a critical enabler in national development is revived, public accountability for the use of the funds mean that it cannot be renewed at any cost," he added.