MAS should buy AirAsia to resolve woes: Former Malaysian Airline System (MAS) managing director, Tan Sri Abdul Aziz Abdul Rahman

Posted by pn17 > 2014-07-25 22:42 | Report Abuse

MAS should buy AirAsia to resolve woes: former MD Published: Friday July 25, 2014 MYT 5:26:00 PM Updated: Friday July 25, 2014 MYT 5:31:42 PM KUALA LUMPUR: Former Malaysian Airline System (MAS) managing director, Tan Sri Abdul Aziz Abdul Rahman, has suggested that the ailing carrier acquire profit-making AirAsia as a strategy to resolve its financial woes and return to profitability. "(There is) no need for a merger with AirAsia X. MAS is the one that should buy over AirAsia and make it a subsidiary. MAS as the national carrier should lead, rather than the other way round. "MAS just needs to be managed properly based on market demand," he said. Abdul Aziz also suggested that the national carrier, 69% owned by Khazanah Nasional Bhd, be delisted from the stock market. "As far as the airline is concerned, this is not going to make any difference. Delisting will make the management's job easier, as there is no need to follow procedures as set by the exchange. But those who bought MAS shares at RM3 or RM5 would be unhappy," he said. The former MD said the acquisition would enable the combined group to focus on the low-cost fare market that comprises 80% of the South-East Asia market, as well as the competitive premium market, which is a far better proposition than competing against each other. Proposals and suggestions to save MAS have gained greater traction following net losses in the first quarter ended March 31, 2014 which widened to RM443.39mil from RM278.83 million a year ago. The airline put in place a turnaround plan recently but it has been scuppered by the missing MH370 plane incident in March, and things have worsen with the shooting-down of Flight MH17 in eastern Ukraine last week. Shares in MAS which have fallen almost 35% on Bursa Malaysia this year, and was last traded Friday at 22 sen. – Bernama http://www.thestar.com.my/Business/Business-News/2014/07/25/MAS-should-buy-AirAsia-to-resolve-woes-former-MD/

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15 comment(s). Last comment by ruslimz 2014-07-28 22:25

AyamTua

13,598 posts

Posted by AyamTua > 2014-07-25 22:45 | Report Abuse

MAS should buy AirAsia to resolve woes ??? gotta be frigging kidding us all .... one bleeded.. the other bleeds... bleeed + bleeds = ? kikikiii dikiii mikiii

TomJerry

1,286 posts

Posted by TomJerry > 2014-07-25 23:46 | Report Abuse

Agreeded . Win win situation .

alenac

2,622 posts

Posted by alenac > 2014-07-25 23:54 | Report Abuse

brilliant idea, but where to get the money? Already the government is running on deficit and most government investments are not doing well. I would agree if the nation is run efficiently devoid of rent seekers. As it is at the moment the option is rather limited and time is running out while the airline bleeds from financial meltdown and negative publicity.

gkheng

135 posts

Posted by gkheng > 2014-07-26 00:04 | Report Abuse

so he can siphon more money? hahahaha

aqoanxsk

17 posts

Posted by aqoanxsk > 2014-07-26 00:14 | Report Abuse

former MD = stupid

stupid + stupid = more stupid

imoogi99

1,640 posts

Posted by imoogi99 > 2014-07-26 01:06 | Report Abuse

If they cant manage their own business properly and make it profitable, what makes them think that they will be profitable by buying another profitable business? Really "brilliant" idea.

pn17

321 posts

Posted by pn17 > 2014-07-26 01:15 | Report Abuse

this idea might be work, use Airasia 1st class management, to clean up Malaysia Airline become world class Airline brand.

Benz10

9 posts

Posted by Benz10 > 2014-07-26 09:08 | Report Abuse

The main point here is "MAS is a NATIONAL carrier should LEAD".
Whenever this mindset come in play, no solution to it.

tasoke

317 posts

Posted by tasoke > 2014-07-26 09:16 | Report Abuse

tak malu ,sendiri tak pandai manage ,ingin nak beli syk org lain yg untung, kalau beli sampai tangan dipa pun jadi rugi juga, lagi baik nya upah airasia management team utk urusan mas.

Feimaw

1,161 posts

Posted by Feimaw > 2014-07-26 09:47 | Report Abuse

The best solution is Mas go into bankruptcy and go thru major restructuring. Get TF to be the chief restructuring person just like when he bought AA many years ago when AA was at the verge of bankruptcy, TF successfully turnaround it to profitable company. Is the people that can change the company, bukan cakap kosong by buying another profitable company to turn it to another lose money company AGAIN!

Icon8888

18,658 posts

Posted by Icon8888 > 2014-07-26 09:50 | Report Abuse

I am surprised by how people can come up with stupid idea like this. This showed he has totally no idea of what business is about. Ex MD of MAS ? No wonder the company has been bleeding like stock take

jeff 7839

50 posts

Posted by jeff 7839 > 2014-07-26 23:28 | Report Abuse

What next? Advise Proton to buy over Honda or Toyota ah - how clever!

Steven Yong

1,251 posts

Posted by Steven Yong > 2014-07-26 23:29 | Report Abuse

another idiot coming out talk cock ya, MAS is bankrupt, how to take over AirAsia? haha.

wies

35 posts

Posted by wies > 2014-07-28 17:51 | Report Abuse

Mas takeover Petronas sure profitable hahaha

ruslimz

1,609 posts

Posted by ruslimz > 2014-07-28 22:25 | Report Abuse

TF selling AirAsia to MAS!!!!!!!!...........ayoyo......nonsense......TF mahu beli MAS ada sense........

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