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Malaysia Airlines marks milestone on road to relisting

Recovering state carrier posts monthly profit as flights fill up again

HONG KONG -- Malaysia Airlines' recovery is on track as the carrier works toward a target date of March 2019 for an initial public stock offering, chief executive Peter Bellew said Tuesday.

"We made a profit last month," said Bellew, who became chief executive in June, soon after the national flag carrier posted its first monthly profit in several years. "We expect the last quarter this year to be break even or to make a profit across the quarter. Currently I'm projecting to make a profit across next year."

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