Malaysian Airline System Berhad is engaged in the business of air transportation and the provision of related services. It operates in two segments: airline operations, which is engaged in the operation of aircraft for passenger, and cargo services, which is engaged in the operation of aircraft for cargo and mail services. Its other business segment includes catering, engineering, computerized reservation services, trucking and warehousing services, retailing of goods, terminal charges, and tour and travel related activities.
anbzSeems not many people here amid high volume transacted everday ... I guess i3investor forumers not interested in MAS .. must be other players from other blogs or some kind of sharks. This is good ... the inverse will always be opposite and positive ... lesser retailers is better... they will only come to buy when the price is high already ... good good :)
AyamTuaput hope in certainty . certainty in form or AAX! kikiiikiii
HC LeeMalaysian Airline System Bhd (MAS) is expected to be burning up cash at an even faster rate as its management will likely be forking out a chunk of ex-gratia payment to its staff. This cash outflow is on top of the losses it is already clocking up as a result of flight cancellations in the wake of the two aviation disasters that struck the national carrier. "The management, in consultation with the government, has agreed to give RM2,000 in ex-gratia payment to all staff," an industry source said, adding that the management has already made an announcement to that effect and that all staff can expect the payment as early as next month. He said the amount is a small token of gratitude for their strong sense of duty during the carrier's difficult times. According to its latest financials, the airline has 19,577 staff on its payroll. This means the airline would likely fork out an estimated RM39m in cash. (Financial Daily) Under intense pressure and an unforgiving timeline to whip up a revival plan for tragedy-struck Malaysia Airlines (MAS), Khazanah Nasional, majority owner of the national carrier, is expected to submit a broad plan to take the airline private to Malaysian Prime Minister Najib Razak next week. The plan, pieced together with adviser CIMB Group after the airline was hit by a second disaster in quick succession with the downing of flight MH17 over Ukraine, also involves an overhaul of the airline's top management, The Business Times understands. That MAS would file for bankruptcy, as widely speculated, can be ruled out. A rebranding exercise which could involve a renaming is being contemplated but that may come later as the architects of the airline's revamp, for now at least, are intent on a more substantive overhaul. "Given the depth and scale of the proposed restructuring, keeping MAS listed is going to be a distraction and quite harrowing . . . and costly," the source added. (Singapore Business Time)