Amirul Mazlan 0 Report post Posted December 6, 2014 Tony Fernandes is Malaysian and he runs air asia profitably. Lion Group entrusted a Malaysian to run their subsidiary here. Yet, no Malaysian can make MAS (National carrier, owned by the government) profitable for all these years... perhaps too much to handle for local guys. Salah malaysian sebab kita bodoh or salah orang bodoh who keeps voting the bodoh people keeping them in the office for more than 50 years..... Share this post Link to post Share on other sites
Mike P 0 Report post Posted December 6, 2014 I would say too much of government intervention. Share this post Link to post Share on other sites
J. Suri 0 Report post Posted December 7, 2014 Tony Fernandes is Malaysian and he runs air asia profitably. Lion Group entrusted a Malaysian to run their subsidiary here. Yet, no Malaysian can make MAS (National carrier, owned by the government) profitable for all these years... perhaps too much to handle for local guys. Salah malaysian sebab kita bodoh or salah orang bodoh who keeps voting the bodoh people keeping them in the office for more than 50 years..... Tony Fernandes is Malaysian and he runs air asia X .... (fill in the blank)! Share this post Link to post Share on other sites
flee 5 Report post Posted December 7, 2014 Tony Fernandes is Malaysian and he runs air asia X .... (fill in the blank)! Actually he doesn't. Its Azran Osman Rani who runs Airasia X. Share this post Link to post Share on other sites
Radzi 2 Report post Posted December 7, 2014 Tajudin Ramli is a Malaysian too. Share this post Link to post Share on other sites
Alif A. F. 0 Report post Posted December 7, 2014 What happen in the airline industry concerning management of MAS are caused by two or more factors. All I see now is just wasteful finger pointing from such and such politicians, exaggerating one cause from another...hmmm Share this post Link to post Share on other sites
alberttky 0 Report post Posted December 7, 2014 Actually he doesn't. Its Azran Osman Rani who runs Airasia X. Ah... but he's part of the gang that appointed Azran! Share this post Link to post Share on other sites
flee 5 Report post Posted December 7, 2014 Although details are scarce, it would appear that a lot of the deadwood will be moved to the holding company and continue to draw gaji buta. MAS newco (a subsidiary) should have Muller as CEO. Lets hope he has a free hand to appoint his team. Share this post Link to post Share on other sites
KK Lee 5 Report post Posted December 7, 2014 (edited) What happen in the airline industry concerning management of MAS are caused by two or more factors. All I see now is just wasteful finger pointing from such and such politicians, exaggerating one cause from another...hmmm MAS suffered losses because Malaysians stupid, says Dr M http://www.themalaysianinsider.com/malaysia/article/mas-suffered-losses-because-malaysians-stupid-says-dr-m Most of those loop sided contracts and policies were signed and started when mr 019 was in the helm, hence one could argue; the culture of plundering was initiated by the grand old man. Edited December 7, 2014 by KK Lee Share this post Link to post Share on other sites
flee 5 Report post Posted December 8, 2014 Liow: Mueller's Appointment Shows Khazanah's Commitment To Strengthening MAS KUANTAN, Dec 7 (Bernama) -- The appointment of Christoph R Mueller as the Chief Executive Officer (CEO) of Malaysia Airlines Bhd (MAS NewCo) is a sign of the commitment by Khazanah Nasional Bhd to strengthen the national carrier. Transport Minister Datuk Liow Tiong Lai said the German, who has been CEO of Ireland's Aer Lingus since 2009, successfully repositioned the airline in respect of its business model and is capable of helping MAS improve on performance and catalpult it to being among the best locally and globally. In this regard, he added, the question of MAS or Khazanah Nasional denying the ability of locals to head the national airline, did not materialise. "We have for sure a lot of Malaysians with MAS.But we now want to restructure MAS, and have tried various means previously, without success. "It is not a problem to appoint those with ability.What is important is to see results and the reality of MAS becoming a reputable airline again," Liow said. He told reporters this after attending the New Village East Coast Zone Development and Safety Committee Seminar here today. The appointment of Mueller was announced by Prime Minister Datuk Seri Najib Tun Razak in a statement last Friday. The appointment, however, drew criticism from certain quarters who wanted a Malaysian to lead MAS Newco. Meanwhile, Liow rejected the allegation that the MAS Act passed by Parliament on Nov 27 denied the rights of workers, including making any sort of demand from MAS. He said although there would be a reduction in the workforce by 6,000, they were not being summarily dismissed, but being reskilled to enable them to be absorbed into government-linked companies. Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted December 8, 2014 (edited) MAS suffered losses because Malaysians stupid, says Dr M http://www.themalaysianinsider.com/malaysia/article/mas-suffered-losses-because-malaysians-stupid-says-dr-m Malaysians aren't stupid, just incredibly shortsighted & too focused on quick gains but little sustainability - and this is in general, not just limited to running MH. Edited December 8, 2014 by Mohd Suhaimi Fariz Share this post Link to post Share on other sites
flee 5 Report post Posted December 8, 2014 ‘MAS can be profitable’ RESTRUCTURING: Newly-appointed CEO knows of strategies required to make a full-fare airline work, says AirAsia chief AIRASIA group founder Tan Sri Tony Fernandes is optimistic that Malaysia Airlines (MAS) can become profitable after its restructuring as it is a good brand. He believes that the appointment of Christoph Mueller, the chief executive officer (CEO) of Ireland’s Aer Lingus Plc, as the head of the MAS new company will bring “light at the end of the tunnel”. “MAS can become profitable. It is a good brand and has a great market. I think Khazanah Nasional Bhd is very serious about making MAS profitable and is putting a lot of work into it. “The management should focus on its market and price accordingly. “I hope the restructuring leads to a profitable airline which, like AirAsia, can stand on its own without taxpayers’ and Khazanah’s support. More here: http://www.nst.com.my/node/60172 Share this post Link to post Share on other sites
leon t 0 Report post Posted December 8, 2014 just look at Qantas - just last year they reported losses and by now they are expected to make $300 to $350 million in just the last 6 months. Sadly this wont happen for MAS even after the next 3 years and how to pay off the accumulated debt of rm16 billion or more without the govt writing it off. Share this post Link to post Share on other sites
flee 5 Report post Posted December 8, 2014 The debt isn't only to the govt. Those who have taken up rights shares will lose out as they will only get back 27 sen. What about sukuk and other financing instruments? Institutions like the EPF buy these and will surely have to reassess the risks of default. Share this post Link to post Share on other sites
flee 5 Report post Posted December 8, 2014 Meanwhile, Qantas is doing well - its turnaround was fast! Qantas on course for first-half profit http://www.theaustralian.com.au/business/aviation/qantas-on-course-for-first-half-profit/story-e6frg95x-1227148074213 Share this post Link to post Share on other sites
zamim 0 Report post Posted December 8, 2014 How much will Khazanah pay him? And what sort of compensation will Khazanah pay Aer Lingus? In 2013, his remuneration was 1.5million Euros, which caused Aer Lingus unions unhappiness. Share this post Link to post Share on other sites
Waiping 12 Report post Posted December 8, 2014 Yup, and now the Ringgit is at its' all time low. He might be one CEO that we cannot afford. Share this post Link to post Share on other sites
BC Tam 2 Report post Posted December 8, 2014 (edited) Yup, and now the Ringgit is at its' all time low. He might be one CEO that we cannot afford. Six billion smackeroos already promised to be sunk in, nothing to say there will not be more if need be - affordability is not likely part of the vocabulary at this point in time In fact, this bail out exercise probably pushes the practice of burning hell notes during ching ming down the extravagance ranking Edited December 8, 2014 by BC Tam Share this post Link to post Share on other sites
flee 5 Report post Posted December 8, 2014 MAS' package may be different - things like company house, car with chauffeur, golf club membership etc. costs less in Malaysia than it does in the EU. Share this post Link to post Share on other sites
Cheng Long 0 Report post Posted December 8, 2014 MAS suffered losses because Malaysians stupid, says Dr M http://www.themalaysianinsider.com/malaysia/article/mas-suffered-losses-because-malaysians-stupid-says-dr-m What Dr M actually said... https://www.facebook.com/video.php?v=800575963347549 Share this post Link to post Share on other sites
Ja Singh 2 Report post Posted December 8, 2014 (edited) What Dr M actually said... https://www.facebook.com/video.php?v=800575963347549 I generally agree with Dr. M's principles but sadly on this occasion I disagree. We must not be so full about ourselves. Having a "orang Puteh" as a CEO doesn't mean that all Malaysians are dumb.He should be given a chance to turn MH around and be more akin to SQ,profitable.He is being selected based on his performance and managerial skills in turning around El..Lot's of Malaysian's are also heads of western multinational companies and with the same token does that then make all westerner's dumb? Instead of making that blanket statement, Dr M should give his suggestion to who he thinks is capable to lead the airline then. Someone with vast experience to turn an airline around and proven in doing so,in Malaysia.Anyone? So please let this man do his job and don't interfere. if no positive contribution can be made by those criticizing.Our tax payers $$$$ all going down the drain year after year,by people heading the airline who has no clue on how to run an airline or even differentiate a 737 from a 320. Lets all criticize too. Kepala Batas MP Datuk Seri Reezal Merican Naina Merican questioned the appointment of a “foreign expert” to head Malaysia Airlines Berhad (MAS). Edited December 8, 2014 by jadivindra Share this post Link to post Share on other sites
kandiah k 0 Report post Posted December 9, 2014 I generally agree with Dr. M's principles but sadly on this occasion I disagree. We must not be so full about ourselves. Having a "orang Puteh" as a CEO doesn't mean that all Malaysians are dumb.He should be given a chance to turn MH around and be more akin to SQ,profitable.He is being selected based on his performance and managerial skills in turning around El..Lot's of Malaysian's are also heads of western multinational companies and with the same token does that then make all westerner's dumb? Instead of making that blanket statement, Dr M should give his suggestion to who he thinks is capable to lead the airline then. Someone with vast experience to turn an airline around and proven in doing so,in Malaysia.Anyone? So please let this man do his job and don't interfere. if no positive contribution can be made by those criticizing.Our tax payers $$$$ all going down the drain year after year,by people heading the airline who has no clue on how to run an airline or even differentiate a 737 from a 320. Lets all criticize too. Kepala Batas MP Datuk Seri Reezal Merican Naina Merican questioned the appointment of a “foreign expert” to head Malaysia Airlines Berhad (MAS).[/size] Agreed Share this post Link to post Share on other sites
Christopher C 0 Report post Posted December 9, 2014 In all honesty short term pain is better than long term pain. Whilst the new CEO may be way more expensive than his predecessors it will be cheaper than paying in the long term of several cronie CEO's who have no clue what they are doing. Share this post Link to post Share on other sites
flee 5 Report post Posted December 10, 2014 (edited) Mueller Gets Hardest Airline Job at Malaysia Air Christoph Mueller will embark on one of the toughest jobs in aviation, turning around an airline that has lost two jets and 537 lives this year. The 52-year-old outgoing chief executive officer of Dublin-based Aer Lingus Group Plc (AERL) has been named to lead Malaysia Airlines amid a slump in traffic and widening losses. He will need to restore confidence in the airline while cutting 6,000 jobs. “It’s got to be one of the biggest challenges in the airline business today,” said John Strickland, an aviation specialist at JLS consulting Ltd. “It’s a job that needs a tough nerve, patience and a few deep breaths to take it forward. They’ve got to get back to a point of credibility and respect.” Malaysia’s government, criticized for its handling of the MH370 disappearance, has unveiled a 6 billion-ringgit ($1.7 billion) restructuring package aimed at restoring profitability in three years. Mueller, who turned around Aer Lingus as it was contending with budget airline Ryanair Holdings Plc (RYA), faces a similar task as Malaysia Air struggles to fend off AirAsia Bhd. (AIRA), the region’s biggest low-fare carrier. Mueller will take charge of a new company being carved out of publicly traded Malaysian Airline System Bhd., according to a Nov. 5 statement from sovereign wealth fund Khazanah Nasional Bhd., the carrier’s majority investor. Full report here: http://www.bloomberg.com/news/2014-12-07/mueller-gets-hardest-airline-job-at-malaysia-air-southeast-asia.html Edited December 10, 2014 by flee Share this post Link to post Share on other sites
leon t 0 Report post Posted December 10, 2014 having a western foreigner to run MAS is ok and should give it a shot and the costs is ok too as MH have already lost tens of billions already. But Mueller will have a very hard time in carrying out his plans as there will be differences of opinions and interferences with Khazanah and the govt and he will not be able to achieve totally what he will have to do - and even may not be able to turn around MH is a short 5 years too. Share this post Link to post Share on other sites
