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MAS Privatisation


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#41 Radzi

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Posted 15 August 2013 - 01:00 AM

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?

 

People keep on forgetting history. Rewind back to 2006, RAS, Fly Asian Xpress. Those who remember that part of history will never agree to 2011 share swap.



#42 Cheng Long

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Posted 15 August 2013 - 05:52 AM

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

 

There is no need for him to take bus to work or eat at staff canteen... He is paid for strategy and leadership..

 

So I think MH leadership should be given the free handle how to steer the airline.



People keep on forgetting history. Rewind back to 2006, RAS, Fly Asian Xpress. Those who remember that part of history will never agree to 2011 share swap.

 

Yes, Firefly jet too gone.. Now semipremium, semibudget segment is filled by Malindo...



#43 flee

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Posted 15 August 2013 - 08:24 AM

People keep on forgetting history. Rewind back to 2006, RAS, Fly Asian Xpress. Those who remember that part of history will never agree to 2011 share swap.

Remembering is one thing - learning from history is another. 

 

As far as I know, neither the state nor the Federal govt. has done much to improve the transport infrastructure in Sarawak. I was told in this thread, http://www.malaysian...=19119&p=332014 that Sarawak is the third most prosperous state in Malaysia. So where is all the prosperity going to when basic development of the sate is not done? MH even has problem sustaining flights in and out of KCH.

 

Yes, the RAS fiasco is something we should not be proud of. But we should learn our lessons from it.



#44 flee

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Posted 15 August 2013 - 08:55 AM

Why not try to study and adopt how JL turnaround their business.

The world’s biggest turnaround story Japan Airlines relists in huge IPO: 

http://skift.com/201...ts-in-huge-ipo/

 

And something from Mr Turnaround:

Mr. Inamori introduced a cost-conscious culture at the once profligate national airline. JAL applied his business approach, coined "amoeba management," to control costs more precisely. It divided the whole company into small organized units, and made each accountable for its own budget.
 
Under Mr. Inamori the carrier also produced a 125-page book, titled "JAL Philosophy," that's carried by all 32,000 remaining employees and was aimed at changing their mindset on how to serve customers.
 
Mr. Inamori said Tuesday that in a farewell address to about 200 managers Monday, he'd warned employees not to get swept up in today's success, but instead to focus on longevity.
 
"Anyone can talk a fine business philosophy," he said. "But few can see it through for the long haul."
 

 

From bloated to floated:

http://www.economist.com/node/21562941


Edited by flee, 15 August 2013 - 09:08 AM.


#45 Amirul Mazlan

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Posted 15 August 2013 - 12:07 PM

Remembering is one thing - learning from history is another. 

 

As far as I know, neither the state nor the Federal govt. has done much to improve the transport infrastructure in Sarawak. I was told in this thread, http://www.malaysian...=19119&p=332014 that Sarawak is the third most prosperous state in Malaysia. So where is all the prosperity going to when basic development of the sate is not done? MH even has problem sustaining flights in and out of KCH.

 

Yes, the RAS fiasco is something we should not be proud of. But we should learn our lessons from it.

 

We all know all the prosperity went to just one guy and his family



#46 flee

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Posted 15 August 2013 - 10:23 PM

MAS union wants new team at the helm
 
THE Malaysian Airline System Bhd Employees Union (Maseu) wants a new management team in place, rather than an outright privatisation of the national carrier.
 
The union does not believe that the current management can return the airline back to profitability.
 
In its first quarter financial results this year, MAS posted a wider net loss of RM278.83 million, compared with RM171.79 million in the same period last year.
 
“In 2011, the management promised that MAS will be profitable in two years. Based on the current performance, we do not expect it to materialise.
 
If Singapore Airlines and AirAsia Bhd can profit, why is MAS not doing the same?” Maseu president Alias Aziz told Business Times in a telephone interview yesterday.
 
With this in mind, the union is pushing for candidates from inside the company to be given a shot at running the airline.
 
“We have sent a letter to the Prime Minister’s Office recently, outlining our proposal,” he said.
 
Alias said should an internal candidate be given the responsibility to helm MAS, the national carrier will be profitable within six months.
 
He said for MAS to return and remain in the black, there should be a comprehensive review of all the agreements with third parties, namely MAS Catering Sdn Bhd, Penerbangan Malaysia Bhd and AirAsia Bhd.
 
“Too many agreements between MAS and other parties were done at the expense of the national carrier. For example, we have RM1 billion worth of aircraft spare parts that are not used. So why did MAS buy it in the first place?” Alias asked.
 
He said the rationale behind getting internal candidates to run the company is because they are knowledgeable in the aviation industry.
 
“What the union wants is for someone who understands the airline business to head MAS.
 
Why not give a chance to a MAS senior staff to run the airline?” Alias said.
 
He said that Maseu had identified potential candidates for the new management team, but declined to reveal names.
 
Talk of privatisation of the national carrier gained traction after a former MAS chief executive officer (CEO) said Malaysia should sell the national carrier if the offer price was right.
 
Datuk Seri Idris Jala, who is now Minister in the Prime Minister’s Department and CEO of Performance Management Delivery Unit (Pemandu), reportedly said this at the third Global Malaysia Series on Tuesday.
 
Pemandu recently stated that it had identified 33 government-linked companies that the government will have to pare down its stake in or exit completely from.
 
Khazanah Nasional Bhd currently owns 69.37 of MAS while in June this year, the Employees Provident Fund created a record of sorts when it ceased to be the carrier’s key shareholder.
 
Source: Business TImes


#47 alberttky

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Posted 15 August 2013 - 11:14 PM

MAS union wants new team at the helm
 
If Singapore Airlines and AirAsia Bhd can profit, why is MAS not doing the same?” Maseu president Alias Aziz told Business Times in a telephone interview yesterday.



Obviously this chap doesn't understand the difference between MAS and SQ/AK.

#48 BC Tam

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Posted 15 August 2013 - 11:20 PM

Obviously this chap doesn't understand the difference between MAS and SQ/AK.

Well, we've seen/read many instances on this forum here of same "..... if SQ/AK can make a profit, why not MH ..... ?"
It's obvious many of us here are equally oblivious :lol:

#49 flee

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Posted 15 August 2013 - 11:55 PM

But some said it in jest - wishing that MH would operate like SQ/AK! :)



#50 kandiah k

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Posted 16 August 2013 - 08:17 AM

Does this union only benefit certain levels at the organisation? Why must someone outside be given a chance now? They were all given one too many opportunities and we can see the mess created.

Edited by kandiah k, 16 August 2013 - 08:18 AM.


#51 alberttky

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Posted 16 August 2013 - 08:35 AM

Selling of MAS will only benefit certain parties, says Perkasa - Bernama

 

Perkasa views the proposed selling of Malaysia Airlines System (MAS) as only benefiting certain parties and not the airline itself, Khazanah (Khazanah Nasional Berhad) or the public.

Its information chief Ruslan Kassim said the people saw the decision of selling off government assets as profiting certain parties vith vested interest.

"Selling of MAS will also be against the concept of the New Economic Policy that was introduced by the late Tun Abdul Razak (Malaysia's second prime minister).

"The people demand complete and detailed explanation from those responsible," he said in a statement issued today following reports on the suggestion for MAS be sold off.

Ruslan also called on Minister in the Prime Minister's Department Datuk Seri Idris Jala, who is also a former MAS managing manager, to explain the latter's suggestion for the national carrier be sold off. - Bernama, August 15, 2013.

 

http://www.themalays...perkasa-bernama



#52 Mohd Suhaimi Fariz

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Posted 16 August 2013 - 08:50 AM

The whole argument about the new management's lack of knowledge is invalid!

While it's true that AJ may not have airline management experience, his team, especially the ones that came after AJ like Dr. Hugh certainly have years of airline experience under their belt.

If MASEU think they can bring the airline to profit in 6 months (and sustain it, since it's no use having one-off profit), why don't they share their "brilliant" plan to be evaluated, instead of giving out vague statements like typical politicians.

#53 alberttky

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Posted 16 August 2013 - 09:21 AM

They don't have the competence to plan.  That's why they're in the union.



#54 KK Lee

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Posted 17 August 2013 - 02:45 AM

Believe the union is unhappy with AJ's strategy of low price to fill the plane i.e. more work and little/no bonus.



#55 Mohd Azizul Ramli

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Posted 17 August 2013 - 06:18 AM

MAS union wants new team at the helm
 
If Singapore Airlines and AirAsia Bhd can profit, why is MAS not doing the same?” Maseu president Alias Aziz told Business Times in a telephone interview yesterday.

 

This is the most absurd aviation quote in this year todate. I can't find a precise analogy of its absurdity. If I were asked that question, I would answer, "because we have people like you in the company."

 

By the way, I have since been asking my spies at the MH Rumour Department about the background of this Alias guy. They said he's sort of like a janitor or something (sounds like a joke to me but regardless) why would MH employees elected a janitor of sort as their union head? No wonder such remarks are being made.

 

Hope someone in the know can shed some lights.



#56 Alif A. F.

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Posted 17 August 2013 - 06:54 AM

You mean 'janitor' as in REAL janitor?

#57 flee

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Posted 17 August 2013 - 12:25 PM

Making profit from MAS

http://www.thestar.c...t-from-MAS.aspx



#58 Mohd Azizul Ramli

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Posted 17 August 2013 - 04:09 PM

They are blaming AirAsia! http://www.utusan.co...ntungkan-rakyat

 

Yes, that's the way it is blame blame blame everyone else but you.

 

A better non-tabloid style read. http://www.themalays...le-koon-yew-yin



#59 Mohd Suhaimi Fariz

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Posted 17 August 2013 - 04:19 PM

A better non-tabloid style read. http://www.themalays...le-koon-yew-yin


Better? I don't think so. It's overly simplistic.

#60 Radzi

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Posted 17 August 2013 - 04:28 PM

MASEU? LOL!






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