Posted by Tommylim > 2014-02-18 17:36 | Report Abuse

I disagree with the author. MAS has always been running losses and had to be bailout twice even when Malaysia has no budget airlines to compete like AirAsia or Malindo Airline decades ago. MAS value is definitely much higher that current market price if M&A goes through as suggestion by ex PM Tun Mahathir. I believe many still remember how expensive airfares were before budget airlines to compete with MAS. The problem is everyone to see, bad management, strong union and the weak willpower from government.

Posted by Saturn > 2014-02-18 17:38 | Report Abuse

This is the kinda company where guaranty for GLCs r......ask tajuddin....this is where the 300 b additional debt thru guarantee is.....

Posted by optimus7 > 2014-02-18 17:42 |

Post removed.Why?

Posted by limko1 > 2014-02-18 18:15 | Report Abuse

Not only we have airline in MAS, we also have astronaut, the only one in Asia apart from China and Japan. We must be very strong in???

Posted by Saturn > 2014-02-18 18:18 | Report Abuse

Optikus....how did u guess I have nothing to do....? Better use ur ability to predict market....

Posted by Saturn > 2014-02-18 18:24 | Report Abuse

I think Optikus jalus.....he is not getting the 300b......

Posted by mogul88 > 2014-02-18 18:57 | Report Abuse

While Ali, Ah Chong and Appu struggle to feed himself and family, 10% of his hard earned salary from blood, sweat and tears are channeled through EPF to shore up these loss making companies (MAS, Prasarana, KTM) as a tool to hang on to power for our beloved government

Posted by mogul88 > 2014-02-18 19:03 | Report Abuse

Also, if these companies provides universally acceptable standard of services MAS tasty nasilemak, KTM always on time trains, at least Ali, Ah Chong and Appu's sacrifice would be justified. But, they're hard earned dough are used to line up some connected fella's pocket who is buying their 5th Ferrari through these marvellous companies.

Posted by mogul88 > 2014-02-18 19:03 | Report Abuse

http://www.themalaysianinsider.com/malaysia/article/bonus-for-losses-the-glc-way-for-rewarding-employees

Posted by lohman > 2014-02-18 19:44 | Report Abuse

MAS just announced 4Q2013 loss of RM375mil, making FY2013 loss of 'only' RM1168mil. The record losses of RM1262 mil 2005 and RM2521 mil for 2010 remain intact. Now, is that an improvement or what?

Posted by BuLLRam > 2014-02-18 20:22 | Report Abuse

alas, looks like time to change the useless mgtm agn, n agn, get a real CEO who got balls to handle the MAS union..election over alrdy, probably another capital injection required soon fr PNB? Petronas? alrdy bleed coffers of EPF, Khazanah..

Posted by cvnicholas > 2014-02-18 20:29 | Report Abuse

trim the management, 1 good CEO and then managers only. c how will be saved from salaries and allowances
then focus on expenses, I know union is strong willed, however govt must be firm.
another 1billion down the drain, divided by maybe 6 million families in Malaysia all these wasted funds, rakyat will not have to suffer

Posted by prc4wifefe > 2014-02-18 21:07 | Report Abuse

Mr Koon....why don't u try Sumatec?

Posted by obk4695 > 2014-02-18 21:17 | Report Abuse

Malaysian gov is good at bailing out SICK co. because its not their money.

Posted by BengKoon > 2014-02-18 21:41 | Report Abuse

Wise move, Mr. Koon :)

Posted by kk123 > 2014-02-18 21:50 | Report Abuse

I think u still need an airline . But the mgmt responsible for the losses must be fired and replaced .
To further improve the airline , they need to look at their competitors ..
No bonus shld be given to the underperform CEO and directors ..
Union also need to be realistic and try to work for better of all ..
If all else fail then can declare bankruptcy and sell the airline to local investor who can better manage the airline while maintaining 1 golden share..
I think Mas can improved but need to implement drastic measures to reduce cost and routes which not profitable

Posted by kk123 > 2014-02-18 22:24 | Report Abuse

They need to run Mas like a real business instead of a charity home
They can keep pumping money into a loss making co OR they can restructure and remove all the fats
For example Recently Digi ex CEO join maxis and immediately he remove those ppl in mgmt but can't perform
I think similar thing needs to be done to Mas
The whole mgmt team shld be fired

Posted by speakup > 2014-02-18 22:29 | Report Abuse

to fix MAS, first thing they need to do is cut their bloated workforce.

Posted by speakup > 2014-02-18 22:33 | Report Abuse

maybe govt should just shut down MAS, and let Air Asia be the official malaysian airline.

Posted by Samtuckfatt > 2014-02-18 22:39 | Report Abuse

Mas just like proton, alot of thing that outsource to cronies/ contractor eg like meals ...nasi lemak (telanjang) which cost are sky rocket high, no one dare to cut thier water paip .

Posted by speakup > 2014-02-18 22:49 | Report Abuse

our govt talk about need to cut subsidies to improve the economy. but it is wasting our tax money on supporting MAS. our tax money could be better spend directly on the rakyat

Posted by UMNO2Kangkong > 2014-02-19 01:28 | Report Abuse

Malaysian airlines is the only airlines in the world who can afford to lose money yearly and still smiles.They lose $1.2 billion in 2013!
http://www.malaysiakini.com/news/254749

Posted by uamirah > 2014-02-19 02:57 | Report Abuse

Malaysia memang boleh....govt boleh...BN boleh...menteri menteri semuanya pun BOLEH ...

Posted by UMNO2Kangkong > 2014-02-19 04:13 | Report Abuse

Anwar Ibrahim: Malaysia Airlines vs Singapore Airlines

http://mediarakyat.net/2014/02/19/anwar-ibrahim-malaysia-airlines-vs-singapore-airlines/

Posted by Koon Yew Yin > 2014-02-19 04:42 | Report Abuse

Thank you UMNO2KangKong for Anwar's speech on MAS vs SIA. All Taxpayers must click the above link and listen to Anwar's speech. I think I should consider sending my article to be published by other media.

By the way, Anwar's deputy Dr Lee Boon Chye will fetch me to talk in the Kajang by election next month and I need your support. Please optimus7 don't ridicule me when I talk in Kajang.

Posted by speakup > 2014-02-19 07:39 | Report Abuse

i hate it when BN say no more money for subsidies but can still waste our hard-earned tax money on sustaining MAS.

Posted by Jonathan Keung > 2014-02-19 09:03 | Report Abuse

Mr Koon ? what are the date(s)you are in Kajang

Posted by mictkp > 2014-02-19 09:09 | Report Abuse

haha..corruption as usual. if the passenger rate above 80% do you think the airline will lose money?

Posted by talkking > 2014-02-19 09:13 | Report Abuse

Mr Koon, what is your thought on Khoo Kay Peng and MUI Berhad future? You personally know Khoo Kay Peng?

Posted by lohman > 2014-02-19 09:14 | Report Abuse

Would 'optimus7' dare show his face and publicly voice his ridiculous views in Kajang when Mr Koon speaks, presumably at a PKR ceramah? I doubt it. But if he does, please give him the stage for a few minutes to have his say. Hope he does not wet his pants having to speak in front of a possibly hostile crowd.

Posted by plumberii > 2014-02-19 09:31 | Report Abuse

I have an interest in getting MAS about a year or two ago. But after some study, decided not to. Main support foundation is govt's $$$ (i.e. tax payers' money). As it is, it will not do well continuously, maybe a year or 2 with some profits and far in between.

Mr Koon, appreciate your view on what is the MAIN MAS problem as to why it is not making profit (govt's interference in its operation, the direction from the mgt, staff?). If it is privatised, will it have a better chance of making a profit and why?

Thanks.

Posted by qj1512 > 2014-02-19 11:31 | Report Abuse

Dear Mr Koon, please post the date n time you come to Kajang for Anwar Ibrahim campaine. I wish to make myself avilable. thanks.

Posted by UMNO2Kangkong > 2014-02-19 12:05 |

Post removed.Why?

Posted by iTrader > 2014-02-19 12:13 | Report Abuse

If SIA can, why can't MAS? There must be some underlying root causes need to be addressed SERIOUSLY by the Management and Government with strong WILL. Otherwise, it remains only as talk and talk for many years to come. BAILOUT must not be taken lightly for rescuing companies without solid plan & results.

Posted by boy2men > 2014-02-19 12:34 | Report Abuse

making losses ... somemore want to buy 100 new planes

Posted by kk123 > 2014-02-19 14:42 | Report Abuse

I seriously think khazanah nasional shld either have all the management fired and install Tony Fernandez as new CEO .
Or cutloss on MAS before the share really become "khazanah"..

Posted by andychucky28 > 2014-02-19 15:16 | Report Abuse

MAS is run by a bunch of UNMO malay cronies lah

Posted by Ammar Roshidy > 2014-02-19 20:27 | Report Abuse

It will pull through, you just need to time yourself when to purchase and when to throw and run. All the new purchases of airlines will payoff later on.

Posted by kk123 > 2014-02-19 21:46 | Report Abuse

But since khazanah is main shareholder , I don't think the share price will drop a lot
At most khazanah take it private and restructure it into few companies and sell it piece by piece

Posted by UMNO2Kangkong > 2014-02-20 02:38 |

Post removed.Why?

Posted by kangkong2UMNO > 2014-02-20 03:03 | Report Abuse

Mahathir says Islam is under threat but ....
he forgot his son is selling San Miguel Beer.

Posted by Josie > 2014-02-20 03:42 | Report Abuse

Mas rocks!

Posted by kangkong2UMNO > 2014-02-20 05:16 | Report Abuse

Mahathir says Islam is under threat but ....
he forgot his son is selling San Miguel Beer.

Posted by tonywong8 > 2014-02-20 08:26 | Report Abuse

MAS had raised Rm 7.2B from share holders at 2007,2009 and 2013.Woh! Still want to buy 100 new planes?????

Posted by cosway > 2014-02-20 09:16 | Report Abuse

Whatever a sensible govt should do is to cut off completely MAS by selling it at RM 2 to whichever interested party & stop this continuous bleeding & draining of taxpayers' money.
To help the rakyat - MAS Loss of 1,2 Bil can be used to pay compensation for 3 yrs for 14 highway tolls.

Posted by kangkong2UMNO > 2014-02-20 09:20 | Report Abuse

Islam under closer scrutiny, not attack, says ex-mufti - Boo Su-Lyn (MMO) http://goo.gl/zjYTYE

Posted by cosway > 2014-02-20 09:20 | Report Abuse

And this should have been done umpteen years ago during Dr M's era. Don't forget the continuous bleeding is still on with the RM12.5 Bil PKFZ scandal where the govt stands for guarantee to the loans & paying interests.

Posted by weijian > 2014-02-20 11:55 | Report Abuse

Yeah, this is the rules of Malaysia's perfect competition. Whether I loss or lose, I'm still the winner. Anyway, is "good" for Mas to be there, so that we got cheap flights.

Posted by i3casey > 2014-02-20 18:04 | Report Abuse

Ownership is important , but not performance. Look at MRCB with projects given on their platter, yet it has borrowing of RM3 billion. And UEM Builder which was blacklisted in India and a Middle East country. Such mentality is weird - being proud of owning big corporate entities, at the country's and our expense. Only "sacred cows" are allowed to run these cos, regardless of their competence and integrity. Successive CEOs in SIA were Malaysians who make SIA an envy of airline industry all over the world.

Posted by BarisanKangKong > 2014-02-21 01:14 | Report Abuse

UMNO & Cronies world....
Harga beras dunia jatuh.....harga beras di Malaysia kekal,kayalah Mokhtar.
http://www.themalaysianinsider.com/malaysia/article/government-must-ensure-fall-in-global-price-of-rice-benefits-locals-says-op