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A new beginning for MAS?




Posted on 26 March 2014 - 08:44pm
Last updated on 27 March 2014 - 10:44am

COMMENT by Balan Moses











PERVERSE as it may sound, there may be a silver lining to the MH370 incident for Malaysia Airlines in a renewed business recovery effort for the ailing carrier.

It appears that senior officials are looking at the catastrophe as a critical juncture to put the floundering airline back on track, and rightly so too.

For too long MAS has been seen in a negative light because of its not-too-positive finances that have resisted most efforts to put the airline back on its feet.

With MAS's image as a safe airline taking a battering with numerous questions on all aspects of operations aimed at its chief executive officer Ahmad Jauhari Yahya at press conferences daily, it could be time to start off on a clean slate.

Both Ahmad Jauhari and MAS chairman Tan Sri Md Nor Yusof are said to be in one mind on the matter despite the former just having a year left on his contract.

The CEO has also parried questions on whether he will step down in the wake of the crash.

Be that as it may, a turn-around for the national carrier is greatly needed to take it out of the hazy skies that it has been flying through for some time.

The crash could not have come at a worse time for MAS, which has been weighed down by its financial burden.

The airline's net loss widened to RM1.17 billion last year from RM432.59 million in 2012 even as the airline undertook cost-minimising measures.

An insider said the crash had "forced" senior management into thinking of taking up the matter with stakeholders on the premise that the incident provided new impetus for all to study ways of rejuvenating the carrier.

But senior management needs to sharpen its recovery plan so that stakeholders find it palatable and practical to implement.

Even as things seem moribund, senior management is looking ahead to the future with a view towards picking up the pieces and improving the bottomline to making the carrier a viable financial proposition.

MAS certainly has many of the essentials necessary for success in terms of staffing (its pilots are in demand in the region, standing equal to their counterparts in Singapore Airlines) and government backing (which can be seen both as a boon and a bane) and the willingness to rebuild the brand after the March 8 incident.

It is good that MAS has finally decoupled itself from the probe to embark on its own track of accounting on the crash.

After 20 days of pure concentration on the MH370 issue, its senior management needs to take a little time off to consider its future as a corporate entity.

u may never know what may happen, if you dare to fail. haha

:)

http://www.youtube.com/watch?v=YjLqaRQ-ChM

Anwar Ibrahim: Malaysia Airlines vs Singapore Airlines

WHAT TYPE OF BEHAVIOUR IS THIS! M'sia civil aviation chief forces media to leave IATA event




Department of Civil Aviation (DCA) director-general Azharuddin Abdul Rahman stunned participants at an aviation conference this morning after he abruptly asked the media to leave the hall halfway through his speech.

An awkward silence fell at the opening of International Air Transport Association (Iata) Ops Conference as a stressed-looking Azharuddin refused to continue his speech after he realised the media was present, reported The Star.

"I'm sorry, is there any media here? I didn't know there are media here.

"I'm sorry, can I ask the media to stay out please?" he was quoted as saying at the conference at Sheraton Imperial Hotel, Kuala Lumpur.

Azharuddin was explaining the timeline for the missing Malaysia Airlines Flight MH370 and the ongoing search efforts but stopped some one minute into the speech.

He also refused to address the media when he left the conference after the speech.



Later, conference participant Tom Ballantyne was quoted as saying he was puzzled why Azharuddin had asked the media to leave the event.

"It was totally unnecessary. He didn't say anything that has not been reported over the past few weeks. His office was also told beforehand that the media would be here so I don't know why he suddenly stopped," he was quoted as saying.

He added Azharuddin had only told the audience about the ongoing search efforts for the missing aircraft.

The conference is intended to discuss issues related to safety, operations and infrastructure in the aviation industry.

Flight MH370 lost communication over the Gulf of Thailand on March 8 and subsequently altered to an unknown trajectory.

Investigators believe the aircraft "ended" in the Indian Ocean but have yet to find a piece of wreckage from the plane. - Mkini


Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=254911:what-type-of-behaviour-is-this-msia-civil-aviation-chief-forces-media-to-leave-iata-event&Itemid=2#ixzz2xbykycZc
Follow us: @MsiaChronicle on Twitter

Any foreign funds buy MAS? :)








Foreign funds on buying spree


Foreign funds on buying spree
Comments (0) | Tuesday, 01 April 2014
PETALING JAYA - Malaysia recorded its biggest weekly inflow of foreign portfolio money into the equity market in the week… > more


Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=13&Itemid=3#ixzz2xbxDKXTw
Follow us: @MsiaChronicle on Twitter

these news helps msian airlines companies :)

Oil prices fall as Ukraine crisis simmers
Comments (0) | Tuesday, 01 April 2014
WASHINGTON - Oil prices fell on Monday as dealers booked profits after strong gains last week fuelled by positive US… > more


Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=13&Itemid=3#ixzz2xbwnmGba
Follow us: @MsiaChronicle on Twitter


Ringgit posts biggest quarterly gain
Comments (0) | Tuesday, 01 April 2014
Malaysia’s ringgit completed its biggest quarterly gain in more than a year on speculation the nation’s relatively higher yields will… > more


Full article: http://www.malaysia-chronicle.com/index.php?option=com_k2&view=itemlist&layout=category&task=category&id=13&Itemid=3#ixzz2xbx1WVxV
Follow us: @MsiaChronicle on Twitter

FATAL LOSS OF CREDIBILITY: M'sia can't give clean air, water or even CORRECT INFO ON MH370

Christopher Fernandez, Malaysia Chronicle | 01 Apr 2014

If ever there was a time that Malaysia is in a state of chaos and confusion, the time is now. For never before have Malaysians become so angry and hurt and disappointed with the government of the day than now. Sad to say, the same negative perception is now also shared by the rest of the world, shoc...



Full article: http://www.malaysia-chronicle.com/#ixzz2xbuCdFLg
Follow us: @MsiaChronicle on Twitter

:)




MH370 REALITY CHECK FOR MUSLIMS IN M'SIA: Why no offer of help from Islamic 'BROTHERS'MH370 REALITY CHECK FOR MUSLIMS IN M'SIA: Why no offer of help from Islamic 'BROTHERS'
More than twenty countries are assisting Malaysia in the search and rescue operation for the missing Malaysia Airlines M. > more




Full article: http://www.malaysia-chronicle.com/#ixzz2xbtbhEzB
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around 20sen, worth taking the risk, M&A play , :)

the union is ruining themselves too, if mas is unprofitable, then no bonus, etc etc.... if excess staff need to leave, then let it be... everyone will win in the end.. unprofitable practices such as minimum of staff per plane, no multi-tasking (if any) such as air steward/stewardess must help to clean the toilet etc etc would incur more cost, unnecessary long reporting line with big title & big fat salaries & benefits would also eat into mas's profit, etc... uncompetitive contracts, purchase price & terms, all these must be reviewed.... etc etc .... hope they could see light at the end of the tunnel... otherwise, tax payers' money will wasted continuously.:)

Dont think mas will go lower than 20sen. I guess, Someone is supporting it now.. may be, they knew something what others do not know :)

Airlines biz is very competitive unlike 20years ago :) survival of the fittest

Poor mgmt,Catering contracts, overstaffing, productivity, unprofitable practices if any such minumum no of staff per plane, longer reporting line than necessary, big title with big fat salary n benefits, excessive power of the union with its costly demand etc caused the mas to fail miserably in the past. If mas to revive, then all these issues must be overcome :)

No political interference n run privately is the best option for mas.... the history of mas tells you so :)

Investors would set terms before acquiring or investing :)

Investors see opportunity while workers only see threat. Investors like to buy things at fire sale price :)

Another possibility is cash rich middle eastern airlines to acquire s stake in mas via special issue as part of oneworld alliance member...

The catering contract n other contracts, overstaffing, unprofitable practices etc r man made that could be resolved :)

Even for proton, fiund buyer. Just a pricing issue for mas. Khazanah wanted 60sen or higher per share for mas reported by one maybank analyst last year. Those who have the confidence to turn it around would buy. Be patient :)

Let the private handles even water luke what ytl dud in bath uk, no water issue there at all. Whatever biz the politicians touch, likely to fail eg proton, mas, pkfz, etc etc :)

The star reported today that travellers show their support for mas.

The law suit against boeing n mas had been dismissed by the court in usa. :)

Out of boeing and mas's control? :)

Boeing and mas should feel relief if the incident was due to hijacking n terrorism, right? :)

Dont think mas will fall further, the lowest level now, already less than 1/12 of airasia share price :)

Threat is also an opportunity depending on how u look at it.. any chance for mas to turnaround? :)

At 21sen, less than 1/12 of airasia share price, worth taking the risk to buy n hold mas now.plane missing is the worst incident that could happen to an airlines, what can be worse than this incident? :)

A blessing in disguise for mas due to mh370. Now mas must prove to the world it is different for survival, not the same again , time is running out like the black box :)

declaring bankruptcy for MAS is politically suicidal for BN... MAS wont go the same road as JAL... Japan is a first world country.... moreover, JAL issues are not the same as MAS. :)

most of the death claims will be covered by insurance policies, common for all airlines companies... heavily insured... various options to turnaround MAS and not necessarily government to pump in money again. M&A, etc etc ... fingers crossed

Airasia has the same par value as Mas but airasia share is at rm2.5++ but mas is at 21sen now. More than 12x already, unbelievable

I think 20-21sen is the lowest price for mas. If everyone knows the bottom price then there will be no beggars kidding :)

Nobody knows the future except god ,

uncountable historical garbage to clear in MAS. :)

http://weechookeong.com/2011/08/08/khazanah-stop-anaktirikan-mas-how-about-lsg-sky-chef-brahim/ :)



Surely Tan Sri Azman is fully aware of the lucrative catering business in the airline industry in Malaysia was taken from MAS and handed over in a silver plater to LSG Sky Chef Brahim Sdn Bhd (LSG) during the Pak Lah’s administration sometimes in 2004 to service and cater for all National and most International Airlines flying to and from Kuala Lumpur. It is believed that the contractual terms are one sided and unusually long!

Why is Tan Sri Azman not interested in finding ways and means to take back this lucrative business of servicing and catering for all airline in and out of KLIA with government help in the national interest for MAS? Why when AirAsia FAKS gave up Rural Air Services (RAS) PREMATURELY, Khazanah did not demand for the return of the subsidy of RM65 million from FAKS? Why Khazanah did not demand for the payment of RM35 million, which was incurred by MAS to make the 7 aircraft airworthy for RAS, from AirAsia FAKS? These are enough glaring facts for Tan Sri Azman to ponder!

http://weechookeong.com/2011/08/08/khazanah-stop-anaktirikan-mas-how-about-lsg-sky-chef-brahim/ :)

Coming back to LSG. Who has the control stake in LSG? We all should know who is that person related to? Now Khazanah seemed to be blaming MAS management for all the problems MAS is facing. This is most unfair and irresponsible of Khazanah, a national incorporation entrusted with looking after are national wealth. Of course, MAS management is not perfect just like any other company. Khazanah’s chairman, Tan Sri Azman Mokthar, should touch his heart and ask why MAS is in such a sorry state? Was it engineered or just sheer incompetence or by chance? By whichever management standard one would like to set to measure MAS performance, it falls squarely on Khazanah for failing in its national duties to address whatever problems MAS was facing at the material times. For a start, Khazanah should stop the handing over of the lucrative business of servicing and catering to LSG but it didn’t lift a finger to stop. I hope that Khazanah was not instrumental in the whole exercise of LSG’s take over of the said business.

In the past, MAS brings the perception of comfort, luxury and safety :)

MAS needs to show to everybody that it is not the same anymore.... :)

Many strange incidents pertaining to MAS recently :(

Azhari: Explain mysterious fire in Avionic Shop of MAS

March 26, 2014 by weechookeong




Fire in Avionic shop at 4 pm on 26-3-2014

At about 4 pm today there was a fire in MAS Avionic Shop, level 2, Hangar 2 in Subang. The Avionic Shop has been existent in MAS for more than 30 years and this is the first time that a fire broke out so mysteriously.






The highly qualified En Azhari Mohd Dahlan is still CEO of MAS Aerospace Engineering

Avionic Shop is under the Aerospace Engineering of MAS and its CEO is non other than the highly qualified En Azhari Dahlan, who was specially “head hunted” from AirAsia during the infamous MAS – AirAsia shares suap swap. En Azhari Dahlan appeared briefly during the first day of the press conference on the missing MH 370. He didn’t utter a word and was just making up the number for the press conference. Thereafter, he went missing mysteriously from further press conferences on MH 370.



Avionic Shop is a workshop that repairs all avionic components / electronic box that was installed on the aircraft including MH 370.



This mysterious fire was equally unprecedented. It happened during this challenging time for MAS when the missing MH370 story has not been fully settled.


Fire in avionic shop

Some three days ago MH 066 A330 aircraft originated from Kuala Lumpur to Incheon, South Korea, was diverted to Hong Kong due to the failure of one of its electric generators which supply normal electrical power in the aircraft. It has been reported to be “technical problems”. Instead of the highly qualified En Azhari Dahlan coming out to explain the “technical problems’ of the generator, the CEO of MAS had to come up with the explanations. Luckily all 271 passengers were all safe.

The highly qualified En Azhari Dhalan, the CEO of Aerospace Engineering of MAS, must now break his silence to explain what have caused the fire and more importantly what documents or properties have been destroyed by this mysterious fire and was this a sabotage.

surely, the bn federal govt wont let MAS to declare bankruptcy as it would bring shame to the workers and affect staff performance... also, last year, already asked money from shareholders via right issue.,.,.. don't think anymore right issue so soon.... Thus, very likely, M&A , disposal by Khazanah or even privatization, delisted and relist later like JAL... fingers crossed

nowadays, some full service airlines also have budget airlines like airasia.... merger between mas and airasia is also another solution, become one entity... exchange of shares without cash involvement... don't think anti-competition as we have malindo and other airlines in msia too, also , open sky policy in asean next year... another option, merger with foreign airliners particularly the full service airliners, etc. fingers crossed. Tony Fernandes may not help MAS unless he has equity in MAS... common sense... haha

For revival in MAS , unless the issues in the following articles can be overcome. :)


MAS Rugi Lagi RM1.174 Bilion. Malaysia Airlines (MAS) Terus Ditelanjangkan Dunia! Pakar Bongkar Puncanya!

by Staff Berita Semasa on February 19, 2014


mas rugi



Malaysia Airlines MAS Rugi Lagi RM1.174 Bilion : Kerugian cukup dekat dengan pencapaian Malaysia Airlines (MAS), lambat mengambil langkah drastik untuk melakukan perubahan selepas MAS rugi besar (SEPERTI DI SINI), menunjukkan MAS sukar untuk berubah….

Belum surut lagi dengan isu nasi lemak telanjang, kali ini Malaysia Airlines (MAS) terus ditelanjangkan kredibiliti menguruskan industri strategik negara melalui penerbangan Malaysia Airlines di mana MAS rugi lagi RM1.174 bilion bagi tahun 2013…

◾Bagi tahun kewangan 2013, Malaysia Airlines (MAS) berjaya mencatatkan perolehan RM15.1 bilion, naik 10 peratus berbanding RM13.8 bilion pada 2012.
◾Malangnya perbelanjaan Malaysia Airlines (MAS) turut meningkat 10% kepada Rm14.9 bilion

Malaysia Airlines MAS sudah letak macam-macam best talent CEO, tetap rugi juga. Jadi, mesti ada yang tidak kena dengan MAS. Setuju?

Kerugian MAS Rugi Lagi RM1.174 Bilion : Punca?

Berita Semasa sempat membuat semakan pada laporan berita AFP di mana penganalisis menemplak cara pengurusan dalam Malaysia Airlines di mana punca kerugian Malaysia Airlines (MAS) adalah disebabkan :

1.Malaysia Airlines dilihat lemah dan tidak mampu bersaing dengan syarikat penerbangan yang lain
2.Pengurusan yang lemah
3.Perubahan kesatuan
4.Berlaku campur tangan kerajaan
5.Ada yang mahu tambah? Kakitangan MAS sendiri?

Punca MAS Rugi

Berita Semasa difahamkan, Malaysia Airlines (MAS) telah bayar pada nilai yang mahal pada perkara-perkara yang diikat kontrak untuk jangka masa panjang yang mana digunakan setiap hari. Contohnya :

◾Kontrak pembelian minyak pada masa harga minyak tinggi
◾Jual hangar dan alat-alat penyelenggaraan kemudian sewa semula
◾Kontrak pembekalan makanan dan arak
◾Barang-barang yang tidak digunakan semula seperti selimut, bantal, etc
◾Bayar riba pinjaman bank yang tinggi untuk pembelian kapal terbang
◾Dan juga tidak lupa juga gaji melampau-lampau pihak pengurusan yang terdiri dari konco-konco yang terpilih. Walau tidak Malaysia Airlines MAS tidak menunjukkan prestasi yang terbaik, tetapi masih dibayar gaji tinggi dan tanpa mempedulikan masalah yang dihadapi MAS sekarang ini

Aset MAS sudah berkurang sejak zaman Tan Sri Tajudin Ramli lagi, di mana Tajudin Ramli jual alatan penyelenggaaan, hangar dan lain-lain lagi dan semasa Datuk Seri Idris Jala lebih teruk, apabila banyak bangunan dan aset MAS dijualnya.

P/S : Dengan perolehan pendapatan, sejumlah RM15,000,000,000 (RM15 bilion) pun masih boleh rugi? Nampknya semakin meningkat pendapatan MAS, semakin rugi Malaysia Airlines. Benarkah begitu?

Tourism sector in msia willl be affected badly , not only airlines. Multiplier effect from tourism sector is great to the msian economy. If nothing is changed, not only mas or duit rakyat suffered but the rice bowl of the ordinary rakyat

Very likely change of mgmt team or merger or privatisation...to show the world that mas is not the same again fingers crossed

Tak mati, isu duit rakyat aje, milik khazanah.

I think bn federal govt wont let it file for bankruptcy. to save face and prevent pr to use it as a political issue involving rakyat's. likely to sell it to private parties, merge with other airlines or absorb by airasia ( no issue with anti comprition acts, etc etc as we have malindo n other foreign airlines here n also open sky policy in asean in 2015 if not mistaken. :)

mas, a privatisation n merger play now :)

MAS became a privatisation play again... :)

[b]Maybank IB's Mohshin says the current crisis could be a reason to revisit plans to privatise the national carrier.

"If there is any inclination to privatise MAS, this incident is all the more reason to do so and fix the airline," he says.
[/b]

Airasia with the same par value as MAS but Airasia's share price is almost 10 times the share price of MAS....A lot of room for MAS to play catch up :)