Can restructuring save Malaysia Airlines?

Malaysia Airlines was in financial trouble before their recent disasters. CNN looks at whether the airline will survive.

Can an airline survive two disasters claiming the lives of 537 people, Malaysia airlines will try by going private, it took the first step Friday delisting from the Kuala Lumpur stock exchange, Malaysia state investment firm announced it wants to take over the troubled carrier and perform a complete overhaul of the airline, the national carrier was already in big financial trouble before flight 370 vanished in March with 239 passengers and crew on board, it tried to rebound with a public relations campaign. I'm a captain of the Malaysia airlines. My name is Razad, i am a licensed aircraft engineer. My name is Farisha B, i'm a chief stewardess. But tragedy struck again just four months later, MH17 was shot down over Ukraine in an area controlled by pro Russia rebels, the airline hadn't turned profit in years before these disasters, struggling to fill seats in the face of competition from budget Asian airlines, and unable to restructure because of labor resistance to layoffs, but labor now says it will cooperate if management goes, the state investment firm is expected to give more details of the planned restructuring by the end of the month. Can rebranding work? It saved the US based value jet after a devastating crash in 1995 with a loss of 110 lives, the airline quickly merged with a smaller US competitor, airtran, took over its name and survived, but a huge question mark lies over Malaysia airlines' survival, no airline has ever had to deal with such a devastating loss of life in two still unsolved crashes.