No economic sense to close or sell Malaysia Airlines
Some have estimated Malaysia Airlines is worth 115,000 jobs and up to RM55 billion in income for the overall Malaysian economy. — AFP pic
To be fair to its critics, there have been more rescue attempts and turnaround programmes to return Malaysia Airlines back into profitability, but there is no airline anywhere in the world that is making profit from just its flight operations. But why should Malaysia Airlines be given another chance since it failed to meet its five-year Malaysia Airline Recovery Plan ?
Of course, Malaysia Airlines despite its debts was required to play a role in the government’s foreign policy by flying to destinations that were not economically sound but diplomatically imperative.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cops open probe on Guan Eng’s ‘war on non-Malays’ statement | Malay MailSEBERANG PERAI, March 12 — The police have opened investigation papers on Finance Minister Lim Guan Eng over his alleged remarks that the recent official alliance between Umno and PAS was a “war” on non-Malays. Inspector-General of Police Tan Sri Mohamad Fuzi Harun said police received 58...
Read more »
Guan Eng: Dr M never said Malaysia Airlines will be sold off | Malay MailKUALA LUMPUR, March 13 — Finance Minister Lim Guan Eng today clarified that Tun Dr Mahathir Mohamad did not say that Putrajaya will sell the national carrier, Malaysia Airlines Berhad (MAB). He said the rumour that the government was selling off the airline was the work of former prime minister...
Read more »
Najib: Don’t sell Malaysia Airlines, use my turnaround plan | Malay MailKUALA LUMPUR, March 12 — Former prime minister Datuk Seri Najib Razak disagrees with any move to sell Malaysia Airlines Berhad (MAB), insisting that he already had a turnaround plan in place when he was heading Khazanah Nasional Berhad, the sole shareholder of the airline. Speaking to reporters...
Read more »
Malaysia Airlines wins ‘Best Airline in Asia’ Award at ITB Berlin | Malay MailKUALA LUMPUR, March 11 — National airline Malaysia Airlines has scooped the Best Airline in Asia Award at this year’s International Council of Pacific Area Travel Writers Association (PATWA) International Travel Awards at ITB Berlin. Malaysia Airlines group chief executive officer Izham Ismail...
Read more »
Why I (and hopefully we) still need Malaysia Airlines | Malay MailCOMMENTARY, March 12 — If I can, I will always choose Malaysia Airlines. Even if the ticket price is a couple hundred ringgit more. Maybe I am being foolishly sentimental about this because AirAsia is also a Malaysian airline. But yes, if I can and if Malaysia Airlines flies to wherever it is I...
Read more »
Loke: No immediate decision on cancelling Malaysia Airlines order of Boeing 737 MAX 8 | Malay MailKUALA LUMPUR, March 11 — Transport Minister Anthony Loke said the government and Malaysia Airlines has not come to any immediate decision on whether or not the national carrier will continue with its purchase for the Boeing 737 MAX 8 after a second crash occurred with the model in less than six...
Read more »
PM: Government to weigh Malaysia Airlines’ future | Malay MailKUALA LUMPUR, March 12 — Prime Minister Tun Dr Mahathir Mohamad said Putrajaya must urgently consider the continued viability of national carrier Malaysia Airlines Berhad (MAB). He said the government was seeking solutions as soon as possible. “We will study whether to shut it down, sell it...
Read more »
Azmin wants Khazanah to find best Malaysia Airlines solution | Malay MailKUALA LUMPUR, March 12 — Economic Affairs Minister Datuk Seri Azmin Ali expressed hope Khazanah Nasional Berhad can find the best solution to national carrier Malaysia Airlines Berhad (MAB) consistent losses. He said the issue was discussed at the recent Khazanah board meeting, which was also...
Read more »
Putrajaya must take hard look at Malaysia Airlines, says ex-Khazanah MD | Malay MailSUBANG JAYA, March 12 — The government must coldly evaluate the justifications for continuing with Malaysia Airlines Bhd (MAB) given its chronic losses, said former Khazanah Nasional managing director Tan Sri Mohd Sheriff Mohd Kassim. Saying public funds could be better used elsewhere, the G25...
Read more »
Survey says Malaysia Airlines brand still strong domestically despite rough patch | Malay MailKUALA LUMPUR, March 13 — A recent survey has shown that the Malaysia Airlines Berhad (MAB) brand is still healthy amid its various scandals and calls for it to be shut down. The survey by YouGov Plan & Track, an international Internet-based market research and data analytics firm...
Read more »