Analysts suggest MH should shut down after failing to be profitable
Jul 10, 2019, 5:25 am
#76
Suspended
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A large portion of population feels entitled and doesnt understand the concept of service. A wider reform in education is required to bring any substantial change to Malaysia. Btw the LCC is a pure ponzi scheme, so when it comes to fail will be a problem multifold of the current one
Jul 11, 2019, 5:21 am
#77
Join Date: May 2017
Programs: MH Gold, AC Super Elite, UA Platinum, Accor All Gold, Marriott Titanium Elite
Posts: 497
A large portion of population feels entitled and doesnt understand the concept of service. A wider reform in education is required to bring any substantial change to Malaysia. Btw the LCC is a pure ponzi scheme, so when it comes to fail will be a problem multifold of the current one
Jul 11, 2019, 5:37 am
#78
Join Date: Sep 2014
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Posts: 1,428
Jul 11, 2019, 2:28 pm
#79
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Location: Hong Kong, France
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I (an Englishman) have no doubt that left to their own devices Malaysians could run an excellent airline and turn in a profit in the long run and that the problem is governmental interference. Sure there are social and wider economic benefits in running some services that are not profitable and the cost of these should be bourne by the government if they want MAS to run them and it should be paid for in the form of a contract with the government and not a cost to be carried by the airline
Having a traditional Malay corporate structure compete internationally is near-impossible. It is not sufficient to simply appoint a foreign CEO or top management team.
Jul 22, 2019, 9:43 am
#80
Join Date: Jul 2014
Posts: 1,132
Sorry, just to be clear: I meant the statement that none of the Malaysians given the opportunity to run the airline have failed is, even if has been shown to be true, quite a harsh one to make... the implications of the PM saying it like that are doubly so (since neither Mueller or Bellew were able to do as much as needed either).
I too am sure there are Malaysians who would run the airline brilliantly. Sadly, they've not been put into place and / or given the tools to do so. Which is a shame, as I too find the onboard personnel to normally be quite good.
Apr 6, 2020, 11:10 pm
#81
Join Date: Jul 2014
Posts: 1,132
Update on the MH ownership saga:
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
Apr 8, 2020, 7:16 pm
#82
Join Date: Oct 2019
Location: KUL
Programs: Salaryman One World Sapphire
Posts: 236
Update on the MH ownership saga:
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
(eg dealing with the almighty union) should everything materialized.
Apr 10, 2020, 9:30 pm
#83
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Hong Kong, France
Programs: FB , BA Gold
Posts: 15,557
Update on the MH ownership saga:
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
https://www.channelnewsasia.com/news...-bank-12617064
The article seems to be confused on whether this GSV group is proposing they will purchase a 100% ownership stake in MH or if Khazanah will keep its controlling stake, as both are alluded to in the article text.
Last edited by brunos; Apr 10, 2020 at 10:56 pm
Apr 11, 2020, 2:25 am
#84
Join Date: Jul 2014
Posts: 1,132
True, but GSV did reconfirm it a week ago, seems they are still interested in going forward.
Of course, appears Khazanah has since nixed GSV’s proposal due to the leverage being taken on....
https://www.reuters.com/article/us-m...-idUSKBN21Q0CD
On a related note, MH / Khazanah is seeking direct government support for the airline:
https://www.businesstimes.com.sg/tra...ing-more-funds
Of course, appears Khazanah has since nixed GSV’s proposal due to the leverage being taken on....
https://www.reuters.com/article/us-m...-idUSKBN21Q0CD
On a related note, MH / Khazanah is seeking direct government support for the airline:
https://www.businesstimes.com.sg/tra...ing-more-funds
Last edited by crackjack; Apr 11, 2020 at 2:32 am