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Mohd Suhaimi Fariz

MAS Privatisation

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The golden words are these - no government interference. With this "ingredient" taken out, new management will be able to make changes that matters and do away with legacy tainted management and uncompetitive business supports more easily.

Perhaps it is time too that MAS should have someone who is from the industry to helm the post. Putting back old horses in the front will not run true for MAS because legacy is legacy. It will not deviate. An outsider however, will see things differently, and given little restrictions, the person could make some drastic changes for the bigger good.

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All aisle access all that will inevitably cost money. I care less about all aisle access than $$ out of my purse.

 

Which is why i opine that MH is actually unbeatable in the price/offering stakes - and punters know it - hence why loads are great.

 

To go against the grain of all of MW: I hope they DON'T change it (if changing it means higher prices) I'll take subpar J seats ANY day with those prices.

There are different J-class market segments; as long as MH don't raise expectation beyond experience, sub-par products at sub-par price and higher density could be profitable and sustainable.

 

The golden words are these - no government interference. With this "ingredient" taken out, new management will be able to make changes that matters and do away with legacy tainted management and uncompetitive business supports more easily.

Perhaps it is time too that MAS should have someone who is from the industry to helm the post. Putting back old horses in the front will not run true for MAS because legacy is legacy. It will not deviate. An outsider however, will see things differently, and given little restrictions, the person could make some drastic changes for the bigger good.

Only if MH don't need any assistance from the gomen.

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MAS HAS ENOUGH TO SURVIVE ANOTHER YEAR, KHAZANAH CHIEF SAYS –

 

KUALA LUMPUR, June 10 ― Malaysia Airlines (MAS) has enough capital to survive the year but long-term options are being considered to help the loss-making flag carrier stay afloat beyond the 12 months, Khazanah Nasional Berhad said today.

 

See more at: http://www.themalaymailonline.com/malaysia/article/mas-has-enough-to-survive-another-year-khazanah-chief-says#sthash.Ue9LjO4g.dpuf

Edited by khairuddin abu hanifah

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Khazanah will decide on what to do with MAS in 6 to 12 months

 

..........Azman said three factors that will determine the eventual restructuring plan for the airline are internal discipline, external support and management leadership.

For a sustained turnaround, he said MAS would need:
> strong improvement in its internal work culture and discipline;
> to ensure the Malaysian public is clear about what kind of carrier the country wants; and
> good leadership and management.

More: http://www.thesundaily.my/news/1073114

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> good leadership and management.

 

Kind of ironic considering decision on upper management composition etc was made by Khazanah as majority shareholders.

Edited by Mohd Suhaimi Fariz

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Kind of ironic considering decision on upper management composition etc was made by Khazanah as majority shareholders.

But they also caved in to union pressure and the Board of Directors is now different from what it was two or three years ago. I think that it is now best for them to choose people who are capable and qualified for the job and not just to reward their cronies.

 

This has got to be the darkest period in MAS' history - with business bad and a mysterious unsolved air crash. The need for capable management is more than ever!

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Kind of ironic considering decision on upper management composition etc was made by Khazanah as majority shareholders.

Taking a gun and shooting yourself in your own foot is quite a synonymous situation in Malaysia......Endless possibilities........

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But they also caved in to union pressure and the Board of Directors is now different from what it was two or three years ago. I think that it is now best for them to choose people who are capable and qualified for the job and not just to reward their cronies.

I don't think Rashdan (Danny) et al were union picked.

 

Just call the former American CEO Bob Crandall as an advisor - that'll shake things up!

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I don't think Rashdan (Danny) et al were union picked.

 

Just call the former American CEO Bob Crandall as an advisor - that'll shake things up!

The big question is - would someone like him be able to overcome the political and union big boys? If not, he will just be another highly paid "foreign consultant" who will just come and go and MAS will continue to bleed.

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The big question is - would someone like him be able to overcome the political and union big boys? If not, he will just be another highly paid "foreign consultant" who will just come and go and MAS will continue to bleed.

I don't know about political obstacles, but considering his reputation at American (from what I've read at least), he'd probably be able to make mincemeat of any obstacles set in place by the unions.

 

There's a reason why his detractors called him "Fang" behind his back.

Edited by Mohd Suhaimi Fariz

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But isn't MH already has an advisor - Tun Abdullah Ahmad Badawi? Surely there must be something that he could do to advise the airline.

 

I thought one needs to be a Bumi to fill in all these MH CEO, Advisor etc positions. Hiring an American as an advisor would be a betrayal for the country.

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But isn't MH already has an advisor - Tun Abdullah Ahmad Badawi? Surely there must be something that he could do to advise the airline.

 

I thought one needs to be a Bumi to fill in all these MH CEO, Advisor etc positions. Hiring an American as an advisor would be a betrayal for the country.

Then what's the bloody point of Khazanah needing 6-12 months to come to a decision about what to do?

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Then what's the bloody point of Khazanah needing 6-12 months to come to a decision about what to do?

Time to find another convenient scapegoat.....one who is willing to tutup (close) not one, but both eyes when issues crop up in the future.......

 

MH is in terminal illness now. Not sure about other department, but many of my MH cabin crew friends had tendered their resignation and hopping over to the red, and some to 'maroon' in ME.....

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Quote:

 

Hiring an American as an advisor would be a betrayal for the country.

 

Unquote.

 

Why an American ... how many American airlines with American CEOs have been consistently profitable even without giving the customers as much service as their Asian counterparts. If there is anyone who is able to lift MAS from this mess, it is another Asian. An official was on television saying that the airline will study the turnaround plans of other regional carriers ... only now? After so many failed turnaround plans, MAS is only now studying other successful plans? It should have been eye-balling Japan Airlines which went from bankrupt to being extremely profitable within ONE turnaround plan.

 

JAL's President at that time said that the turnaround plan for the airline begins with one premise ... that JAL's position is the result of mis-management of the airline and should not be blamed on high fuel costs which affects all airlines around the world. If I were MAS, I will seek out the JAL President in charge of the turnaround and appoint him for turning MAS around.

 

KC Sim

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Maybe some of us did not get the underlying sarcasm that some of us have been trying to hint.

 

As long as MH is controlled by the government, everything has to be done their way. Yes there is the American advisor, Tim Clark, Tony Fernandes, the JAL success story, Garuda success story or even the ever successful SQ's operating manual to copy even since the split of MSA right in front of our nose but "Malaysia Boleh and Endless Possibilities".

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Then what's the bloody point of Khazanah needing 6-12 months to come to a decision about what to do?

Perhaps advisor need cukup cukup power naps ?!! :D

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But isn't MH already has an advisor - Tun Abdullah Ahmad Badawi? Surely there must be something that he could do to advise the airline.

 

I thought one needs to be a Bumi to fill in all these MH CEO, Advisor etc positions. Hiring an American as an advisor would be a betrayal for the country.

 

Hope Advisor are Specialist.

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Can Najib stick to any plan for MAS?

 

There is only thread connecting all the options and ideas being floated to save Malaysia Airlines, and it is this: what is Prime Minister Datuk Seri Najib Razak's political will to do the right thing for the loss-making flag carrier?
In a sign of times, officials from Khazanah Nasional Bhd, Malaysia Airlines management and other stakeholders accept that Najib's track record suggest that he may not have the stomach to sell any drastic restructuring plan, such as a merger with a foreign airline, or even the closure of the national carrier, that has gobbled up more than RM15 billion taxpayers money in the last few years.
As a result, all options are on the table, as noted yesterday by sovereign wealth fund Khazanah Nasional managing director Tan Sri Azman Mokhtar (pic, right), who said a plan was being finalised within a year.
Government officials told The Malaysian Insider that these options include a 100% nationalisation of the troubled carrier; a merger with a foreign carrier; a drastic shedding of the current bloated staff strength.
"A whole spectrum of options is being considered but the main issue is the political will to carry out the restructuring," an official told The Malaysian Insider.

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I have read the article in Malaysian Insider.

It mentiones several times that the MAS unions rejected the share swap.

But, although it is a moot point now, was it not so that the share swap was illegal to begin with as per the Malaysian Competition Commission which has

fined both airlines 10 Million for flouting competion regulations?

 

As for the jist of the article, yes, the issue needs a brutal decision and the last three governments indeed could not stomach it.

Personally i think that MAS and Khazanah do not have six to twelve months time to come up with a solution.

Market developments in the aviation industry require a much shorter response time.

And for MAS it is 5 minutes to twelve.

If Khazanah does not wake up in time i fear for the worst for MAS as the competion will do what they don't dare.

 

Just my two ringitt cents of course.

 

Cheers

Art

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Khazanah needs time to engage foreign consultants (PWC, EY, KPMG and the likes) to do the job for them.

 

I can not understand why is it so difficult to lose 20,000 of votes from the MH employees in general elections and end the problem once and for all (the majority of the staff are based in KL/Selangor anyway where the ruling party is not elected) but rather willing to endure a painful path to take care of them and losing RM 15 billion along the way (and still not being elected in general elections).

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Khazanah needs time to engage foreign consultants (PWC, EY, KPMG and the likes) to do the job for them.

 

I can not understand why is it so difficult to lose 20,000 of votes from the MH employees in general elections and end the problem once and for all (the majority of the staff are based in KL/Selangor anyway where the ruling party is not elected) but rather willing to endure a painful path to take care of them and losing RM 15 billion along the way (and still not being elected in general elections).

 

Me Neither. The 20,000 votes will be a eensy weensy teeny weeny inconvenience compared to the several million votes you risk when people realise you're taking public money to keep it afloat.

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