MALAYSIAN AIRLINE SYSTEM BHD

KLSE (MYR): MAS (3786)

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15,107 comment(s). Last comment by wallstreetrookie 2020-04-18 11:57

cindylim

144 posts

Posted by cindylim > 2014-04-07 11:59 | Report Abuse

MAS CEO Ahmad Jauhari, just claiming that the batteries were due for replacement in June 2014 is not good enough. Show the journalists all the receipts or certificates acknowledging that the batteries in MH370 were indeed in good condition.

Posted by betulbetuicakap > 2014-04-07 12:00 | Report Abuse

Ahmad Jauhari, please clarify if your pingers had been sent to non-accredited servicing agents since 2009/2010? Were they replaced and serviced by non-certified personnel? Where do you get the batteries? Are those batteries certified as well?

rajaumnok

74 posts

Posted by rajaumnok > 2014-04-07 12:00 | Report Abuse

Day 31 ‪#‎MH370‬: M'sia walking tight rope on M'sia-China ties celebrations

10.36am: Prime minister's political secretary Wong Nai Chee admits the MH370 incident will affect Najib Abdul Razak's visit to China next month.

"We have to be sensitive towards the feeling of the families, and large-scale celebration seems not very possible.

"Without the missing flight incident, we could have (had) the celebrations in a different manner," he is quoted as saying by South China Morning Post yesterday.

Najib will visit China next month to celebrate the 40 years of bilateral ties.

Full story: http://www.malaysiakini.com/news/259270

Posted by loganathanrhb > 2014-04-07 12:01 | Report Abuse

Does anyone else find it curious that they refuse to divulge any information about the batteries or the fire at the avionics workshop? What a coincidence that the very place responsible for taking care of the black box suddenly catches fire, at this incredibly opportune time.

And yet the authorities have not said a single word, not one word, about them even though these matters had been reported in the press and questions asked, no less by former BN-friendly independent MP Wee Choo Keong.

Instead of giving clear, satisfactory answers, all they can do is moan of Malaysia bashing and call for everyone to pat their backs and tell them what a fabulous job they are doing so far.

Doesn't this all smell very fishy?

Posted by simonfoo0123 > 2014-04-07 12:02 | Report Abuse

To those who chided the Chinese earlier, can we blame them? I suspect the fate of MH370 could be very much due to our own maintenance problems.

keithchan

367 posts

Posted by keithchan > 2014-04-07 12:03 | Report Abuse

It is difficult to deduce who is speaking the truth but one thing is certain. Most people or organisations do not practise nor adhere to preventive maintenance, what more on predictive maintenance.

Take the case of automobiles, I find it strange that people change their battery when it fails. Perhaps they are ignorant, stupid, or penny wise-pound foolish. Under normal circumstances, a battery’s lifespan is about two to three years.

robertl

25 posts

Posted by robertl > 2014-04-07 12:04 | Report Abuse

Check the possibility of removing the black box for servicing by the avionics unit and the plane taking off without the black box. A fire in the avionics workshop during this time? Does that tell us something? Can our IGP help us on this?

Posted by middlefinger > 2014-04-07 12:05 | Report Abuse

Customer confidence in MAS has plunged beyond repair. I doubt MAS can even survive the onslaught of legal actions probably exceeding RM1 billion, let alone the huge revenue loss due to low passenger bookings not only from China but also from other countries including domestic travelers.

MAS might even declare bankruptcy before all the affected next-of-kin get their full compensation and legal claims.

Posted by Fortuneball > 2014-04-07 12:06 | Report Abuse

Ever since MAS was privatised it has become 'Mana Ada System' (we have no system). Once a high-flying airline now it looks as if it is going to crash land just like its stock price. MAS is now a penny stock. Incompetence, mismanagement, political interference, corruption and a ‘tidak apa’ attitude has left MAS in tatters.

Posted by Naughtygirl > 2014-04-07 12:07 | Report Abuse

“We do know that the batteries are due for replacement only in June 2014” does not sound very convincing to me. If you can, please let us know when were the batteries serviced or replaced and by whom. Let that service-provider confirm that the next replacement is due in June 2014.

Posted by applejamestan > 2014-04-07 12:08 | Report Abuse

(1) MAS’s black box pingers were due for battery replacement in 2012, but manufacturer Dukane Seacom has not received them to date.

(2) MAS reportedly stores its pingers in hot and humid conditions, contrary to manufacturer’s recommendations that it should be kept refrigerated at a temperature lower than room temperature.

Can MAS CEO explain what is going on? Can MAS produce the past audit compliance reports? The public wants to know the facts.

Posted by savetheparty > 2014-04-07 12:09 | Report Abuse

I seriously hope that MAS got the pingers serviced or changed by another service provider. If not heads must roll.

ganneeneh

180 posts

Posted by ganneeneh > 2014-04-07 12:10 | Report Abuse

I am told MAS is a ISO9001:2008 compliant company. The matter with the batteries is a major noncompliance. I wonder which is the certifying body. I also wonder what other expired parts their planes are using.

The CEO and those senior engineering executives must be fired.

kkanagasg

548 posts

Posted by kkanagasg > 2014-04-07 12:11 | Report Abuse

Wouldn't this be in breach of international aviation regulations? This alone would expose MAS to liabilities due to breach of basic duty of care.

ganneeneh

180 posts

Posted by ganneeneh > 2014-04-07 12:12 | Report Abuse

Another case for IGP to investigate. I am sure he'll get to the bottom of it just like the mangosteens.

ganneeneh

180 posts

Posted by ganneeneh > 2014-04-07 12:14 | Report Abuse

A national disaster of immense proportion it may be but blunder after blunder exposes the weakness and the laid back attitude of all and sundry involved.

kannibu

274 posts

Posted by kannibu > 2014-04-07 12:16 | Report Abuse

We like to compare foreign and local media when covering events unfolding each day on MH370. But I think more importantly, we have to compare the calibre and education of local and foreign reporters and journalists. Granted that local media were stifled and circumscribed for years by the media hostile government, it is also my observation that most local reporters and journalists are of low standard unable to ask intelligent and difficult questions. This is over and above the appeasement and placation they have to show. In other words, even if the government is liberal, they are still unable to come up with the right questions at the right moment. They asked stupid and in the box questions most of the time.

Posted by betulbetullcakap > 2014-04-07 12:19 | Report Abuse

How can there be any change for the better? There will never be any consequence or punishment no matter how many incidents or disasters have happened. The RM300 million are just routine allocations.

Mark my words, when they brief the cabinet they will ask for even more allocations. This is the way they operate - everyone is sleeping; occasionally they will wake up when an incident happens.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:20 | Report Abuse

Department of Civil Aviation (DCA) director-general Azharuddin Abdul Rahman says the report that Flight MH370 skirted Indonesian air space to avoid detection are "unverified".

"The report is not verified or corroborated and is not from official sources," he is quoted as saying by The Rakyat Post.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:23 | Report Abuse

Despite having only three American passengers on board the missing Malaysia Airlines flight MH370, there is intense activity in the courts in the United States – with American law firms taking part in a "gold rush" to grab a share of the lucrative airline accident compensation for which their courts are known.

"Because US courts are the only venue where the settlement damages recognise the value of the passengers’ enduring companionship and lost income, it is always the preferred location to file a suit," reported a Minnesota-based local daily, Minnpost.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:23 | Report Abuse

A provision in the Montreal Convention, an international agreement signed by all countries to provide uniformity of rules for international carriage, including matters related to air crash compensation, gives families of victims several options to file their suits against an airline.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:24 | Report Abuse

In the case of MH370, which went missing en route from Kuala Lumpur to Beijing on March 8, the affected family members have the choice of filing a suit not only in the two cities involved, but also in the country where the ticket was purchased, the home base of the airline (Malaysia, in this case) or the principal place of residence of the passenger.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:24 | Report Abuse

The huge settlement awarded by American courts – with each suit likely fetching between US$8 (RM26.5 million) and US$10 million in settlement – makes American law firms the choice, and this explains the current "gold rush."

To illustrate how aggressive American law firms are when it comes to filing compensation claims on behalf of family of passengers, Minnpost recalled how in the aftermath of the Northwest Airlines crash of 1987, one law firm sent its agent disguised as a priest to mingle with distraught relatives of passengers, before finally getting a copy of the flight manifest containing contact names of family members of passengers.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:25 | Report Abuse

The settlements in the suits involving the Northwest crash, one of the deadliest in US history, ranged from US$1 million to US$2 million per passenger, with attorneys earning an estimated 25% to 33% share, Minnpost reported.

In the case of MH370, "Industry analysts estimate that a US-based suit can garner a US$8 million to US$10 million settlement. At the same time, the standard for negligence and liability is particularly narrow in most foreign countries."

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:25 | Report Abuse

Minnpost said a CNN estimate that suits litigated in Malaysia or China could only fetch compensations of US$1 million per passenger.

That is not to say that lucrative compensation is assured in US courts.

The daily noted that in the Air France flight 447 crash of 2009, families involved had little success filing their suits in American courts, as judges dismissed them for not fulfilling one of the requirements for a suit to be filed there, as spelled out by the Montreal convention.

TanSriDato

251 posts

Posted by TanSriDato > 2014-04-07 12:27 | Report Abuse

Anyway, MAS is very vulnerable from all angles. This 'gold rush' may cripple and haul MAS to ground

rajaumnok

74 posts

Posted by rajaumnok > 2014-04-07 12:40 | Report Abuse

Time and again the government has asked Malaysians to tighten their belts in times of economic hardship.

However, we still see cronies and firms with links to the government that continue to plunder the nation's wealth.

http://www.theantdaily.com/news/2014/04/07/cronies-continue-gorge-while-rakyat-peck-crumbs

rajaumnok

74 posts

Posted by rajaumnok > 2014-04-07 13:23 | Report Abuse

SHAME ON YOU, MAHATHIR! If anyone destroyed Malaysia, it is YOU!

So, Dr Mahathir Mohamad, in his recent lecture at University Malaya wants to be remembered as the man who helped 1% of the country’s population become super-rich, while Najib Abdul Razak, his blue eye boy will be the Prime Minister who is impoverishing the middle- and lower-income group through his drastic subsidies cut and GST?

Mahathir must not forget his squabble with Australian Prime Minister, Paul Keating in his early years as a prime minister. Keating had called him the ‘recalcitrant’, a word that many Malaysians initially took offence against during the early nineties. He was also snubbed by the US Vice President Al-Gore within the same decade. It cannot be that a national leader should come under the criticism of two world leaders.

If anyone, Mahathir destroyed Malaysia

Looking back, Mahathir was indeed the recalcitrant character that has destroyed Malaysia. After nearly 60 years as a nation, we are still fighting who has the right over the use of the word, Allah, and whether the State Enactments were meant to restrict the freedom of non-Muslims to use the so-called Islamic words or merely to protect the shallow-faith Muslims from being easily influenced by words in the way people who are not Muslims.

We are still fighting over race and religion. With the Biro Tata Negara (BTN) that was introduced during his time, many of the people in his generation have been brainwashed that they cannot think beyond the coconut shell that they have found themselves in.

Mahathir said that it was not cronyism, but we as a nation, need the rich people. While it is true that there are some who have become philanthropists, and they deserve the respect from the people, there are others who are hoarding the limelight for the wrong reasons.

Even in Mozambique, they are accused of cheating

Recently, the son of Rosmah Mansor from her first marriage was in the limelight bringing shame to the country. At the same time, a British judge said that a Malaysian couple is clogging precious court time trying to contest a divorce in England. We can go on and on with a hundred and one examples but I want to remind Mahathir of his trip to Mozambique.

In Mozambique, Malaysians have a bad name. The then Southern Bank went on a delegation led by Dr Mahathir himself. It started a branch office there, which subsequently had to be closed down, with many Mozambicans felt they were cheated of their life’s savings!

Not to mention the Perwaja failure which cost the country billions of Ringgit, Mahathir was supposed to start another Proton factory in Mozambique, with his one “mega” dream to expand into the African market, but until today, the Proton cars are still rare in that part of the world. This is what has happened to our country’s coffers over the entire period when he was prime minister.

22 years and unable to build up talent

Shame on Mahathir! His 22 years as prime minister has failed to build up the talents in the country to be able to handle the most difficult crisis. This is exactly what we are seeing in the past two weeks. Since the MH370 aircraft went missing, the country has come under heavy criticisms from within (both politicians and ordinary men on the street) as well as harsh condemnation from people who understand the airline industry well.

As rakyat, when we read these stories from the international media, one thing is sure: We have totally lost our confidence in our present cabinet and the ruling coalition. As one celebrated Malaysian author puts it: "Confidence in our leadership is brittle, and it takes little for frustrations to boil over."

Overstayed

In my opinion, Barisan Nasional has long overstayed the Malaysian hospitality, and God is fair, He will make sure that our leaders reap what they sow. If the same people continue to lead the country, it will go through one crisis after another until a new Government sanctioned by the rakyat takes over.

Throughout the entire period, Najib was more interested with his chicken talk, rather than to take charge of the search and rescue (SAR) efforts. He is giving more time to talk about a RM1 a bird “cock-and-bull” story than to try to recover the missing aircraft with 239 people on board. In the spiritual sense, I guess, Najib does not even realise that the blood of these people are on his head.

Just before he kicks the bucket, Mahathir should realise that the Australians are the people who came to our aid to fight the Communists during the Emergency. Now, with the missing MH370, it is also the Australians who are working around the clock to help relocate the missing aircraft although it was the Malaysian maverick who antagonised Australia on a number of occasions during his tenure as prime minister.

rajaumnok

74 posts

Posted by rajaumnok > 2014-04-07 13:23 | Report Abuse

As one looks back, Malaysia has been in the bad books of the international media because of a long history of bad relationships caused by Dr Mahathir Mohamad himself that his successor, Tun Abdullah Ahmad Badawi was trying to mend.

Don't blame others for your own bungling

We cannot blame it on the international media for the bad publicity that we are getting over the way how Najib and Hishammuddin handle the missing aircraft. Just observe how the Australian prime minister, Tony Abbott spoke in parliament, while his Defence Minister, David Johnstone said “something definite” would be known within 48 hours. This is what the world wants to know: a firm decision and a timeline.

Until today, despite being prompted by DAP Supremo, Lim Kit Siang, neither Najib nor Hishammuddin has the guts to brief the parliament about this national crisis!

Where are we heading to? And Mahathir should take cognizance that these two cousins were under his tutelage for over two decades. One can say that Najib may have his Rosmah baggage, but what about Hishammuddin, whose wife was strangely spared from Teresa Kok’s Chinese New Year talkshow?

I am sure that even if Mahathir were to take over and be in charge of the SAR, he too will fail badly because of his character that pisses the international partners in the efforts to find the missing plane.

It can’t be that both senior politicians, Najib and Hishammuddin cannot brief the Malaysian parliament! They are in fact duty bound to brief the Malaysian lawmakers of this current national crisis that we are facing. - MAILBAG


http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=248641%3Ashame-on-you-mahathir-if-anyone-destroyed-malaysia-it-is-you&Itemid=2#axzz2yAuNN9zT

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 13:47 | Report Abuse

Well said.

tanyuethan

354 posts

Posted by tanyuethan > 2014-04-07 13:52 | Report Abuse

shud start buying MAS shares???

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 13:55 | Report Abuse

Most Malaysian still cannot accept the facts that our economy is great danger as the results of corruption & mismanagement. How many more years we have to put up with this? Another 50 years? Why can't they accept changes ?

Ring

6,522 posts

Posted by Ring > 2014-04-07 14:02 | Report Abuse

MAS for the last 3 consecutive years have been running into losses and with the present developments and if this company have no Khazanah backing would have slipped into PN17 status...I dare not buy this shares but who cares EPF n PNB will take care?

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 15:19 | Report Abuse

EPF is using our saving to manipulate the stock price

kkng0819kk

1,566 posts

Posted by kkng0819kk > 2014-04-07 15:36 | Report Abuse

If there ie evidence that EPF is using our money to manipulate the share market ,i will withdraw my money tomorrow!

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 15:54 | Report Abuse

Everyone knows that local pensions fund is tool used by the government to finance bonds purchase & buy stocks own by khazanah

Posted by meerajoshi > 2014-04-07 16:50 | Report Abuse

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BEAMAN

176 posts

Posted by BEAMAN > 2014-04-07 17:10 | Report Abuse

cannot get "now price " any more after plane found..buy now .

SaturnY

612 posts

Posted by SaturnY > 2014-04-07 17:56 | Report Abuse

The PC by Hishamuddin is getting boring and arrogant. Looks like we have a Newsreader PM and a parrot transport Minister who repeat whatever that has already been shared over CNN minus a lot of other factual detail

Cweed

2,262 posts

Posted by Cweed > 2014-04-07 18:13 | Report Abuse

Day 31. Still searching for black box.

If they find the box, wonder if mas share will shoot up.

bond007

32 posts

Posted by bond007 > 2014-04-07 18:35 | Report Abuse

EPF manipulates stocks? in a way yes, they the biggest when small traders at their mercy

kkng0819kk

1,566 posts

Posted by kkng0819kk > 2014-04-07 20:11 | Report Abuse

Ya ya in share market,big fish eats the small fish,when there is no more small fish,the big fish eventually died out of hunger!

AhSook AhKou

1,296 posts

Posted by AhSook AhKou > 2014-04-07 20:16 | Report Abuse

Factually 0.20 is expensive at this stage and don't expect is getting better !!! Just look at recent press conf and very clearly MAS CEO is totally under pressure with "No Teeth" ............

bracoli

2,579 posts

Posted by bracoli > 2014-04-07 20:19 | Report Abuse

Baseline 17sen. Kikiki

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 21:24 | Report Abuse

10 cent is reasonable. We have to take into account of the law suit. Compensation can be devastating to future loss.

ssmeng65

58 posts

Posted by ssmeng65 > 2014-04-07 21:27 | Report Abuse

The counter is oversold. It should stage a rebound very soon. Those with gut should enter now to make quick buck for tea.

skybursa

1,474 posts

Posted by skybursa > 2014-04-07 21:30 | Report Abuse

Negative news not over yet. This stock is bracing for huge loss at year end & the year 2015

bracoli

2,579 posts

Posted by bracoli > 2014-04-07 21:33 | Report Abuse

Hahaha@ssmeng65 joke of the year la u

keithchan

367 posts

Posted by keithchan > 2014-04-08 00:06 | Report Abuse

Mr CEO, MAS soaring to new height? Yes, yes, break previous year deficits. Too many dead woods, poor inventory control, non open tender and excessive purchases. Fixed expenses are higher than turnover. It's diving.

keithchan

367 posts

Posted by keithchan > 2014-04-08 00:11 | Report Abuse

Never realised the close links between MAS and CIMB and AirAsia. Now it dawns on me. Not only is Nazir Razak as CEO of the bank linked to MAS and Air Asia, but also wasnt it NAZIR RAZAK who walked around the whole of Bangsar with that Fernandez to try and campaign for BN and the people of Bangsar told them to piss off by voting in Anwar's daughter. Wasnt it also CIMB the bank to issue the bonds and borrowings for MAS?? And wasnt it also CIMB the bank who pushed for the merger or rather takeover by Fernandez over MAS?? Thank God the people again, this time the UNION told them to piss off. No wonder there is so much noise on the net that maybe it is the vested interest of some people to see MAS destroyed so that they can walk in and conquer the UNION and the assets.

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