26 July 2014 (14:55 UTC-07 Tango)/28 Ramadan 1435/04 Mordad 1393/30 Xin-Wei 4712

Years before MH370 went missing, and MH17 was supposedly shot down, Malaysia Airlines was losing millions of U.S. dollars.  However, the loss of MH370 actually paid off for the troubled airlines, in the form of insurance payouts, mainly from Lloyd’s of London!

Malaysia Airlines is 69% owned by the Malaysian government (through the government investment agency Khazanah Nasional).  Airline officials told the individual stockholders that a plan to turn around the failing company was about to be revealed, that was a few months before MH17 went down in Ukraine.

Western news media have speculated that the air disasters would shutdown the airlines by further reducing revenues, but that’s not the case.  Malaysia Airlines carries insurance to cover such ‘accidents’.  Their insurance provider is a Malaysian company with direct ties to Lloyd’s of London.   Not only do the families of the passengers get payouts, but so does Malaysia Airlines (for the loss of aircraft and crew).

So far this year, Malaysia Airlines revenue losses were greatly reduced from the prior three years.  How?   After all, they have yet to change the way they run their money losing operation, for example, they employ the most people per flight of any other airlines.  Did the insurance payout for the disappeared MH370 go to reducing profit losses?

At the end of 2013 Malaysia Airlines lost $356-million USD, triple what it lost in 2012!  The airlines actually increased revenues, but skyrocketing operating costs outpaced their ticket sales.

Geoffrey Tudor, of Japan Aviation Management Research, says Malaysia Airlines has lost $1.3-billion over the past three years, and is losing an average of $1.5-million per day!  How can they stay in business?

After MH370 went missing an attorney for a U.S. law firm handling insurance payouts stated: “It’s not an issue of whether families will be compensated….We’ve done more than 43 plane crashes and there’s never been a situation like this one, ever.”-Monica R. Kelly

The insurance industry began making payouts immediately after the MH370 fiasco, which is strange because it took two years for a court judge to approve payouts relating to the 2009 Air France crash in the Atlantic Ocean.

Malaysia Airlines itself immediately offered families $5-thousand each, to tide them over until the insurance payouts came through.  And don’t forget that the airlines paid for hotel expenses for families of the passengers.  This from a company that lost $356-million in 2013?

This time the insurance companies are holding off on making payouts on the MH17 crash in Ukraine, mainly because insurance policies have a “wartime” loophole.  However, that usually requires an official government declaration of war.

Is it possible somebody, or some corporation would deliberately cause an accident to cash in on an insurance policy, due to being in financial trouble? Just ask your local Fire Department arson investigator, or even arson investigators who work for the insurance industry.  Or how about police investigators who discover that family members killed off their ‘loved one’ for the insurance money?  Why was MH17 flying directly over an undeclared war zone (looking like a military transport) where several military planes had already been shot down?