MAS Privatisation

[flee 5]

Khazanah pumps RM500 million into Malaysia Airlines even as takeover talk grows

 

See:

https://www.theedgemarkets.com/article/newsbreak-khazanah-pumps-rm500-million-malaysia-airlines-even-takeover-talk-grows

[jahur 0]

 

Khazanah pumps RM500 million into Malaysia Airlines even as takeover talk grows

However, the spokesperson declines to disclose the amount that has been disbursed so far. In January last year, Khazanah reportedly disbursed RM4.4 billion or 70% of the RM6 billion to the carrier.

 

Doesnt look like fresh funds.

[David.W 0]

PUTRAJAYA: The deep losses of Malaysia Airlines (MAS), coupled with bad management previously, make it very difficult to turn it around, says Prime Minister Tun Dr Mahathir Mohamad.

 

"We have a problem with MAS.

 

"The last government gave it RM6bil, they sacked 6,000 people, then they don't fly to 60% of the destinations.

 

"There was no gain in what they tried to do," he said in a press conference on Monday (May 6) in conjunction with Pakatan Harapan's first year anniversary of taking over Putrajaya on May 9.

 

Dr Mahathir said the government was still searching for the best solution for MAS.

 

"I do not know what is happening. Everybody tells me it is determined to fail but nobody has come up with a proper solution," he added.

 

Asked if the government would sell MAS, Dr Mahathir replied: "Sometimes we think we might sell the airline (like Italian airlines belongs to the Arabs). So many airlines have been sold to other people.

 

"Airline business now is very competitive, after the emergence of low-cost carriers. The high-cost carriers do not get passengers.

 

"Then you have Arab airlines providing luxurious facilities. People cannot challenge this.

 

"We have yet to make a decision (whether to sell or keep MAS)," said Dr Mahathir.

 

Experts believe MAS may report about RM1bil in losses for the full year in 2018 after incurring about RM2.4bil losses from 2015 to 2017, as losses to pile up despite previous attempts to resuscitate the airline.

 

For its near-term sustainability, experts reckoned a RM1bil to RM3bil cash injection would be needed.

[flee 5]

PM is saying that the RM 6b bailout has failed and he does not know what to do with our national airline.

 

Like the national car, Proton, it is probably better to sell it to private owners. Govt. should not be involved in business - it should just govern and create a good environment for business to thrive. It can invest in small stakes but it should not be a majority shareholder.

[Chris Tan 0]

MAS and SIA should merge, says analyst

 

 

SINGAPORE: Malaysia Airlines and Singapore Airlines should consider a merger, said an equity analyst.

 

According to Maybank Kim Engs regional aviation analyst Mohshin Aziz,it was his personal opinion this would make both airlines more cost efficient to operate.

I can't decide which is worse: The author's use of Wikipedia as a source, or the photo caption which can't differentiate between KLIA and Changi.

 

According to Wikipedia, MSA came about in 1966 as a result of a joint ownership of the airline by the governments of the two countries.However, MSA ceased operations after six years in 1972 when both governments decided to set up their own national airlines, Malaysian Airline System and Singapore Airlines.

 

 

https://www.thestar.com.my/business/business-news/2019/05/10/mas-and-sia-should-merge-says-analyst/

Edited May 10, 2019 by Chris Tan

[Mohd Suhaimi Fariz 2]

MAS and SIA should merge, says analyst

 

https://www.thestar.com.my/business/business-news/2019/05/10/mas-and-sia-should-merge-says-analyst/

 

No way. Not gonna happen. In his dreams.

[Mushrif A 3]

The analyst having a wet dream ...

[KK Lee 5]

MAS and SIA should merge, says analyst

 

 

 

I can't decide which is worse: The author's use of Wikipedia as a source, or the photo caption which can't differentiate between KLIA and Changi.

 

 

 

 

https://www.thestar.com.my/business/business-news/2019/05/10/mas-and-sia-should-merge-says-analyst/

Merger with sq may not be acceptable politically but there are other airlines that are politically acceptable.

[Chris Tan 0]

Merger with sq may not be acceptable politically but there are other airlines that are politically acceptable.

Like AA?

[Radzi 2]

Like AA?

I guess the Americans are just as unacceptable as the Singaporeans.

[Izanee 0]

I guess the Americans are just as unacceptable as the Singaporeans.

 

😂😂😂😂😂

[leon t 0]

This Maybank analyst must be really dreaming to even suggest this. SIA will never buy or jv with MAB and given Malaysia politics will not be able to do so too. On other airlines, dont see any foreign airline would want to jv or buy into MAB as the only advantage perhaps is the domestic Malaysia market which Air Asia have the most and better advantage. And dont see MAB even able to make any small profits in the near future.

[Mike P 0]

MH & SQ were once called Malasia Singapore Airlines before demerged in 70s. I always thought the merger of MH with any other potential airlines could be SQ, or OW alliance such as QR or QF.

[flee 5]

No sane commercial enterprise would dare to touch MAB. It does not have any value proposition! Khazanah will have to give it away.

[Kenny Sing 0]

political aside...... commercially speaking, SQ will not be interest in merging with MH at all. unless SQ is given full authority in position & human resources allocation.

[JuliusWong 0]

Whoever first suggested the idea for MH-SQ to merge should be shot. And if s/he survived, s/he should shot again and again.

 

Why would SQ being one of the most awarded airline filled with high calibre professionals want to be dragged through the mud by merging with MH? Dr. M's and typical Malaysians ego are too huge for such wet dream.

[Craig 0]

Whoever first suggested the idea for MH-SQ to merge should be shot. And if s/he survived, s/he should shot again and again.

And I thought Malaysians are relatively non-violent citizens 🙄

 

You do realize that you just made a death threat right?

Edited May 15, 2019 by Craig

[jani 0]

It was a stupid idea for sure but damn the overreaction here is crazy. (As usual, I might add).

Edited May 15, 2019 by jani

[Mohd Suhaimi Fariz 2]

Nah, all that's needed for the analyst is this

 

[KK Lee 5]

Rumours mill claimed Khazanah was talking to a mab ex-ceo for advisory role.

 

Does it mean current CEO days is numbered?

[Robert 0]

Rumours mill claimed Khazanah was talking to a mab ex-ceo for advisory role.

 

Does it mean current CEO days is numbered?

The current guy doesn't have much of a presence compared to the last 3

[Mohd Suhaimi Fariz 2]

The current guy doesn't have much of a presence compared to the last 3

 

Because he's an operator, not a flashy guy parachuted in by Khazanah.

 

Remember, he was the MAS pilot involved in the 777 world record flight.

Edited May 21, 2019 by Mohd Suhaimi Fariz

[michgyver 0]

Mavcom: MAS, Japan Airlines tie-up in the works

The proposed tie-up between Malaysia Airlines (MAS) and Japan Airlines Co Ltd (JAL) is undergoing public consultation, the Malaysian Aviation Commission (Mavcom) said.

Online portal The Malaysian Insight reported that a consultation paper with details on the first of its kind of such an arrangement for a local airline would be available on Mavcom's website until May 27.

A Mavcom spokesperson said the time frame for a decision on the application differs for each case.

"The time frame for assessing an individual exemption varies on a case-by-case basis, depending on factors, such as the complexity of the case and cooperation from the applicants," the spokesperson was quoted as saying.

Accordingly to the report, MAS recently confirmed that it had submitted an application to Mavcom, seeking an exemption under Section 51 of the Mavcom Act 2015 to pursue the arrangement with JAL.

The exemption relates to Section 49 of the Mavcom Act, which prohibits an agreement between enterprises with a possible effect on competition or has an objective to prevent, restrict or distort competition in any aviation service market.

"Malaysia Airlines confirms that it has submitted to Mavcom an application for an individual exemption under Section 51 of the Act for a joint business with Japan Airlines for flights between Malaysia and Japan.

"The joint business is subject to regulatory approvals and Malaysia Airlines will share more details once approvals are granted,” the airline reportedly told the news portal.

 

The report noted that both JAL and MAS had experience dealing with financial issues and that MAS had overcome its bankrupt status filed in 2010 to become the world’s most profitable airline.

However, MAS continues to record losses even after it was subjected to a 12-point turnaround plan by Khazanah Nasional Bhd.

Prime Minister Dr Mahathir Mohamad had said the government is reviewingvarious options on future of the loss-making national carrier.

Edited May 22, 2019 by michgyver

[Chris Tan 0]

JL quality at MH prices would be nice

[BC Tam 2]

JL quality at MH prices would be nice

Caution - maybe MH quality at JL prices instead