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MAS Privatisation


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1947 replies to this topic

#21 Cire

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Posted 13 August 2013 - 01:07 PM

eh? Are we selling the national carrier as mention in this article by http://www.thestar.c...leong hung yee"

 

 

 

KUALA LUMPUR: Malaysian Airline System Bhd (MAS) should not be sold at a loss, says Minister in the Prime Minister's Department Datuk Seri Idris Jala.

 

The former managing director and CEO of MAS in December 2005, said on Tuesday there should not be a fire sale of the national carrier.

Idris, who is also head of Pemandu, said MAS should have been sold when he was there when the share price rose to about RM6.

MAS posted 10 consecutive quarterly profits during his tenure as the CEO between 2006 and 2008.

(The share price has since been adjusted following several corporate exercises including two rights issue).


 

Idris also said over time, the Malaysian Government should reduce a lot of its stakes.

Khazanah Nasional Bhd is the single largest shareholder in MAS with 69.37% or 11.59 billion shares while the Employees Provident Fund has a 1.04% or 174.21 million shares.

 

 



#22 Mohd Suhaimi Fariz

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Posted 13 August 2013 - 01:35 PM

Just because he said MH should not be sold at a lost doesn't mean Khazanah's looking at disposing said shares.



#23 alberttky

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Posted 13 August 2013 - 02:33 PM

Who would want to buy MAS??



#24 kandiah k

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Posted 13 August 2013 - 02:55 PM

Lots of other airlines, perhaps in the Middle East  :acute:



#25 Cheng Long

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Posted 13 August 2013 - 03:11 PM

The gov doesn't have to sell share in MH.. They can have as much as they want but just leave the management and leadership to do what needs to be done.



#26 flee

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Posted 13 August 2013 - 03:16 PM

Who would want to buy MAS??

It was reported some time ago that a crony was trying to buy up MAS at a very cheap price. I believe this is a continuation of that story... 



#27 Johan Z

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Posted 13 August 2013 - 04:18 PM

Etihad is currently having a shopping spree, just bought JAT and is looking at LOT as well.



#28 Cire

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Posted 14 August 2013 - 08:46 AM

Looks like Jala's comments were took out of context. He has clarified his statements.

I do agree that in order for MAS to perform, the Management team need to be given a chance to do what best for the airline without interference from greedy politicians. If needed, it has to shed off chrony suppliers that are not able to reduce cost and improve on supplies/services.

 

 

excerpt from MI:-

 

Dato’ Sri Idris said, "I wish to clarify that currently the Government does not have any plans to sell MAS. Under the New Economic Model, we are currently implementing the recommendation to rationalise the Government's role in business. As part of this SRI initiative, 33 companies have been identified but MAS is not one of them." – August 13, 2013

 

 

* SRI - strategic reform initiative..of the Economic Transformation Program 



#29 flee

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Posted 14 August 2013 - 09:04 AM

Even after 40 years, the same issues affect MAS as they did when MSA was split in two to become MAS and SIA. In those days, the Singapore govt. was concerned that MSA be run as a proper business and making profits. Hence it wanted to expand high yield international routes while Malaysia wanted to do more domestic (and loss making, at that time) routes. 

 

Now that AirAsia has proved that domestic routes can be profitable if run on a commercial basis and that MAS is losing money because of politicians interfering in its management, the govt. has no choice but to let it operate on a proper commercial basis. If not, it is best to close it down and not drain govt. coffers with more bailouts from time to time.



#30 jani

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Posted 14 August 2013 - 10:36 AM

Who would want to buy MAS??

 

Lots of people.. ;)



#31 nrazmoor

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Posted 14 August 2013 - 12:56 PM

Who would want to buy MAS??

 

by buying MAS they will also will reap the benefit of quite liberal agreement that malaysia have with ASEAN/India/China/Korea and even Australia which some of the middle eastern carriers have limitation with. 



#32 KK Lee

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Posted 14 August 2013 - 02:00 PM

Unless there are big ticket items to be purchased in the near future, doubt anyone connected is interested to take over an ailing airline with strong union.



#33 KK Lee

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Posted 14 August 2013 - 03:21 PM

Even after 40 years, the same issues affect MAS as they did when MSA was split in two to become MAS and SIA. In those days, the Singapore govt. was concerned that MSA be run as a proper business and making profits. Hence it wanted to expand high yield international routes while Malaysia wanted to do more domestic (and loss making, at that time) routes. 

 

Now that AirAsia has proved that domestic routes can be profitable if run on a commercial basis and that MAS is losing money because of politicians interfering in its management, the govt. has no choice but to let it operate on a proper commercial basis. If not, it is best to close it down and not drain govt. coffers with more bailouts from time to time.

 

Before AK; beside RAS, domestic route e.g. KUL-SIN, KUL-BKI, KUL-KCH was MH cash cow to subsidize loss making international routes.



#34 Radzi

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Posted 14 August 2013 - 09:33 PM

Who would want to buy MAS??

 

Hopefully not some other local airlines that just want to cannibalize the airline, take away the good routes and leave the remainder to rot, such as what happened a couple years back.


Edited by Radzi, 14 August 2013 - 09:34 PM.


#35 alberttky

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Posted 14 August 2013 - 09:44 PM

Hopefully not some other local airlines that just want to cannibalize the airline, take away the good routes and leave the remainder to rot, such as what happened a couple years back.

Hmmm... I wonder who you're referring to...



#36 Johan Z

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Posted 14 August 2013 - 10:08 PM

AK/D7?



#37 flee

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Posted 14 August 2013 - 10:40 PM

AK/D7?

MH was a billion RM losing (and still bleeding) company then - the govt panicked and they don't have any capable civil servant or GLC leader to turn to.

 

I think that AK/D7 were roped into that share swap deal by the PMO. They cannot say no to the PM, can they?



#38 Mike P

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Posted 14 August 2013 - 10:58 PM

MH was a billion RM losing (and still bleeding) company then - the govt panicked and they don't have any capable civil servant or GLC leader to turn to.

 

I think that AK/D7 were roped into that share swap deal by the PMO. They cannot say no to the PM, can they?

 

AK is a champion on running low cost airlines, but are they champion on running a premium airlines? Why not try to study and adopt how JL turnaround their business.



#39 alberttky

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Posted 14 August 2013 - 11:27 PM

Will the MH CEO take the public bus to work and eat at staff canteen??

#40 flee

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Posted 14 August 2013 - 11:36 PM

MH will never be able to swallow the bitter pills swallowed by JL. I was among those who advocated JL like measures for MH during that time - like cutting staff, cutting routes that bleed, scrapping non-core businesses, etc. Those measures turned JL around and now they are expanding again and making profits too. 






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