Posted by SS3U > 2014-05-09 12:01 | Report Abuse

"I am happy to be here even though I am a little bit jet lagged from my trip to Malaysia — the lengths one has to go through to get CNN coverage these days...I think they are still searching for their table," he says, cracking a joke to a room full of reporters.

Posted by HanTuaKee > 2014-05-09 12:07 | Report Abuse

khazanah's biggest shameful and loss making portfolio..

Posted by camel > 2014-05-09 12:10 | Report Abuse

Isma is a new branch of umno,it wants to make show in order to raise its reputation, so don't play up with it,let it sings itself until silence.Mas will sink if isma continue play the fool.

Posted by millyjim > 2014-05-09 12:16 | Report Abuse

mas is deadbeat

Posted by eric3311 > 2014-05-09 15:19 | Report Abuse

don't get burn here if you can't hold for a very long time. There is other stock which can produce money.

Posted by Maxeus JX > 2014-05-09 16:14 | Report Abuse

it it ever break 0.2 psyco, then it will be free fall all the way south to MH370

Posted by george_poros > 2014-05-09 17:42 | Report Abuse

privatisation coming mah

Posted by dreamm > 2014-05-09 18:40 | Report Abuse

Come on space, pls blow the wind to help Mas fly.... Only u!!!!!!!!

Posted by camel > 2014-05-09 18:44 | Report Abuse

privatisation needs much money,who pay?putrajaya pay?waiting for GST for survival.

Posted by tanyuethan > 2014-05-09 23:21 | Report Abuse

it privatised, will its shares fly?

Posted by george_poros > 2014-05-10 08:32 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/05/10/MAS-set-for-reboot-Plans-are-said-to-be-afoot-to-collapse-MAS-and-pave-the-way-for-it-to-start-on-a/

Posted by george_poros > 2014-05-10 08:32 | Report Abuse

Sudah mariiii

Posted by SS3U > 2014-05-11 00:02 | Report Abuse

What a shame...

An international team of investigators sent to Kuala Lumpur to assist in the investigations when the MAS flight MH370 first disappeared had initially sat idly with nothing to do, claimed a US report.

“The Malaysians stuck them in a hotel room and didn't give them anything (to work on).

Posted by SS3U > 2014-05-11 00:03 | Report Abuse

"They sat there watching TV,” a former US National Transportation Safety Board (NTSB) member John Goglia told the magazine Popular Mechanics.

Posted by SS3U > 2014-05-11 00:04 | Report Abuse

The report published online today also quoted an unnamed NTSB official saying that relations with Malaysian officials eventually improved “once they finally figured out their national reputation was at stake”.

Goglia described the Malaysian response to the MH370 incident as “a mess” that took weeks to start following international procedures on airplane mishaps.

Posted by SS3U > 2014-05-11 00:04 | Report Abuse

This included the International Civil Aviation Organisation’s (ICAO) guidelines stating that Malaysia should assemble a team of international experts "who work as equals" to investigate.

Posted by SS3U > 2014-05-11 00:04 | Report Abuse

"They didn't follow well-established international procedures from the very beginning, and it took weeks before they started to. And that got them off on the wrong foot," he told the magazine.

Posted by SS3U > 2014-05-11 00:05 | Report Abuse

Goglia also noted that many aspects of the investigation that are needed remain obscure.

"Everybody that had a role even remotely would have been interviewed about what they heard, what they knew, and all of that would have been vetted," he was quoted saying.

Posted by SS3U > 2014-05-11 00:05 | Report Abuse

"While Malaysian authorities claim to have conducted extensive interviews, the details are still secret - as is much else surrounding the mystery of MH370," concluded the magazine.

Posted by SS3U > 2014-05-11 00:06 | Report Abuse

The NTSB and the US Federal Aviation Authority (FAA) are among the groups contributing their expertise to the probe in their capacity as representatives of the country that designed and manufactured the aircraft, the USA.

Boeing is also a part of the investigation serving as an adviser to the NTSB and FAA.

Posted by SS3U > 2014-05-11 00:06 | Report Abuse

Really speechless...

Posted by wanapit > 2014-05-11 00:25 | Report Abuse

Will AAX and Airasia gain something here...?

Posted by pypw > 2014-05-11 11:11 | Report Abuse

Mas set for reboot ? Probably, cut staff....
http://www.thestar.com.my/Business/Business-News/2014/05/10/MAS-set-for-reboot-Plans-are-said-to-be-afoot-to-collapse-MAS-and-pave-the-way-for-it-to-start-on-a/

Posted by lepeng85 > 2014-05-11 21:58 | Report Abuse

these day MAS share price start to down lower and lower slowly, it is already give a significant hint to us its coming quarter report will be damn worse.

Posted by Ring > 2014-05-12 06:45 | Report Abuse

Latest target 15cts....by Starbiz.

Posted by dragonfruits > 2014-05-12 06:50 | Report Abuse

Pn17 soon

Posted by AhSook AhKou > 2014-05-12 07:19 | Report Abuse

According to one of the travel trade bulletin :
May 11, 2014
KUALA LUMPUR, Malaysia - National carrier Malaysia Airlines (MAS) is believed to be mulling over the idea of selling MAS Engineering, as part of its plan to return to profitability.

The spin-off of the non-core business division will allow the ailing carrier to pump the proceeds into its core unit, which is passenger chartering.

According to an aviation industry source, the plan is much better for MAS, rather than declaring bankruptcy or calling for a privatisation exercise. ........................

Posted by AhSook AhKou > 2014-05-12 07:22 | Report Abuse

PN17 is unlikely , more like Privatisation with Restructure in progress !!!

Posted by speakup > 2014-05-12 07:42 | Report Abuse

MAS cannot restructure because MAS is unwilling to cut it's huge bloated workforce. Look at others restructured airlines in the world (Garuda, Japan Airline, Swissair, dll), all had to cut their workforce significantly. But MAS is unwilling because it always expect govt to bail them out again (and again and again).

Posted by Stockman > 2014-05-12 07:49 | Report Abuse

MAS Engineering is the goose that lay golden eggs. It was just like Idris Jala seling MAS building to turn around & lost all good assets. Khazanah should motivate MAS mgt to turn around by making more profit thro' ticket selling & cutting operational cost. They can learn it from AirAsia.

Posted by george_poros > 2014-05-12 08:57 | Report Abuse

If that's the case, AAX should learn from AirAsia too ... hiyaaa

Posted by pypw > 2014-05-12 16:14 | Report Abuse

http://www.thestar.com.my/Business/Investing/2014/05/12/Trading-ideas-MISC-GAB-MAS-construction-stocks.aspx/
Malaysia Airlines (MAS) expected to attract trading interest on Monday, says JF Apex

Posted by pypw > 2014-05-12 16:16 | Report Abuse

http://www.thestar.com.my/News/Nation/2014/05/12/Ministry-Well-help-with-MAS-issue-if-we-are-asked-to.aspx

Ministry: We'll help with MAS issue if we are asked to...

Posted by bhafizi > 2014-05-12 20:39 | Report Abuse

shit.... they(employee) should know better that they have to let go some of their perk to make sure MAS recovery

Posted by bhafizi > 2014-05-12 20:43 | Report Abuse

agree with Stockman ....... selling of the business that making profit is not the only way.. there is no shortcut .....

Posted by kkng0819kk > 2014-05-12 20:44 | Report Abuse

Once for all,bear the pain and cut off the cancerous div. Short term pain and long term gain.No pain and no gain!

Posted by FatFLOM > 2014-05-12 23:59 | Report Abuse

REUTERS :

Malaysian Airline System Bhd (MAS) and its key stakeholders are in talks with banks for a strategic overhaul that could include the partial sale of its engineering unit and an upgrade of its ageing fleet, sources involved in the discussions said.

Posted by FatFLOM > 2014-05-12 23:59 | Report Abuse

Even before the loss of its flight MH370 from Kuala Lumpur to Beijing on March 8 there was talk that loss-making MAS might need a financial rescue from state investor Khazanah Nasional Bhd, which owns 69 percent of the company.

Posted by FatFLOM > 2014-05-13 00:00 | Report Abuse

“They are sending all these feelers to banks to try and test the waters,” said a banking source familiar with the situation.

Posted by FatFLOM > 2014-05-13 00:00 | Report Abuse

“The most imminent move looks to be on the engineering business, an IPO or trade sale,” said the source, who declined to be identified as the talks are private.

Posted by FatFLOM > 2014-05-13 00:00 | Report Abuse

MAS aimed to break even this year after three years of red ink, but analysts expect losses to widen as the airline cuts fares to spur demand shaken by the disappearance of its MH370 flight over the Indian Ocean. It was already facing stiff competition from AirAsia Bhd on local and short-haul routes and from AirAsia X and Gulf carriers in the medium and long-haul market.

Posted by FatFLOM > 2014-05-13 00:01 | Report Abuse

“The next step will be to kick off a formal auction process for the engineering unit. They wanted to cut down the stake for many years, but from all the other options now, this might be one of the easier things to do,” the banking source said.

Posted by FatFLOM > 2014-05-13 00:01 | Report Abuse

In a resarch report in April, MayBank Investment Bank Bhd highlighted MAS Engineering as the biggest profitable business unit in MAS, valuing it at RM2 billion (US$619 million).

Posted by FatFLOM > 2014-05-13 00:01 | Report Abuse

Officials from MAS, Malaysia’s Transport Ministry and Khazanah are involved in the informal talks with a handful of banks including CIMB Group Holdings Bhd, sources said.

Posted by FatFLOM > 2014-05-13 00:02 | Report Abuse

A spokesperson from Khazanah declined comment while CIMB was not immediately available to comment. Officials from MAS and the Transport Ministry did not offer any immediate comment when contacted by Reuters for the story.

Posted by FatFLOM > 2014-05-13 00:02 | Report Abuse

Despite the most intensive air, sea and underwater search in commercial aviation history, no trace of flight MH370 has been found since it vanished on a regularly scheduled flight from Kuala Lumpur to Beijing. The airline’s load factor, a measure of occupancy, fell year on year in March, potentially in response to the incident.

Posted by FatFLOM > 2014-05-13 00:02 | Report Abuse

The shares have lost as much as 20 percent since MH370 went missing. It is down about 80 over the past five years, while the broader Malaysian index has surged by about 80 percent over the same period.

Posted by FatFLOM > 2014-05-13 00:03 | Report Abuse

In the year ending December 2013, MAS’s losses widened nearly three times to RM1.17 billion (US$362 million) from a year ago.

Posted by FatFLOM > 2014-05-13 00:03 | Report Abuse

A second banking source familiar with the discussions said the airline needs a plan to restore profitability. “They are now losing money more than before. Not only is the brand beginning
to get hurt, but the government is also losing patience.”

Posted by FatFLOM > 2014-05-13 00:03 | Report Abuse

MAS had been waiting for government approval to place a multi-billion dollar order for up to 100 Airbus and Boeing aircraft, sources told Reuters in February, as it looks to retire its older, less fuel-efficient jets.