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Mohd Suhaimi Fariz

MAS Privatisation

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One business model Khazanah could adopt to incubate MH replacement. Khazanah could sublease aircraft to this new airlines and subsidize RM100m, RM150m, RM250m, RM200m and RM100m in aircraft lease from year 1 to 5.  Investors to responsible for opex and the rest.

With this model, only competent and resourceful investors will undertake, and airlines could expand fairly rapidly with minimum capex. And Khazanah exposure is limited.

 

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Malaysian state cargo carrier profits from soaring demand for medical gloves

KUALA LUMPUR, May 19 (Reuters) - Malaysia’s state-owned cargo carrier MAB Kargo has seen “impressive” profits since February, its CEO told Reuters, helped by the country’s role as the world’s biggest producer of medical gloves.

The company raised freight rates by as much as 50% in some cases and added capacity on high-demand routes as it also saw high-volume shipments of face masks and medical gowns during the coronavirus pandemic, Chief Executive Ibrahim Mohamed Salleh told Reuters. The company declined to give profit figures.

“We ran our numbers and it makes money,” Ibrahim said in a phone interview.

Malaysia’s medical glove exports are expected to jump about 32% to 225 billion pieces this year, and its gloves association said supplies were being urgently air-lifted to Europe, Australia, Canada and America as customers did not want to wait for the usual sea route.

MAB Kargo’s performance during the pandemic contrasts with sister company Malaysia Airlines which has been forced to ground most of its planes as the coronavirus hammered global travel.

More: https://www.reuters.com/article/malaysia-airlines-cargo/malaysian-state-cargo-carrier-profits-from-soaring-demand-for-medical-gloves-idUSL4N2CW29Z

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