Icedbs Turbocharged January 24, 2020 Share January 24, 2020 (edited) 7 hours ago, Soya said: Hahaaa.... https://m.malaysiakini.com/news/508236 I have not commented in any Msia thread because their problem has been known for 50 years and it has been discussed to death. The biggest issue leading to many challenges to the progress of the country is their bumiputra policy where entitlement is above meritocracy. As long that exist, no matter what you do, the country (and their companies) will never have the best people to run it. The fundamentals are already wrong. I think everyone knows it, but nobody dares to change it at the risk of losing votes (or getting to a mass protest) . It is like the gun law in USA; everybody knows all the mass shooting could have been avoidable, but nobody will ever change that because able to own a gun and defend himself is the the basic entitlement right of the american people or so they think. So today maybe it is the airline.. Tomorrow it could be another company. Life goes on for the next 50 years. Edited January 24, 2020 by Icedbs ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Jusnel 6th Gear January 26, 2020 Share January 26, 2020 On 1/24/2020 at 6:42 PM, Icedbs said: I have not commented in any Msia thread because their problem has been known for 50 years and it has been discussed to death. The biggest issue leading to many challenges to the progress of the country is their bumiputra policy where entitlement is above meritocracy. As long that exist, no matter what you do, the country (and their companies) will never have the best people to run it. The fundamentals are already wrong. I think everyone knows it, but nobody dares to change it at the risk of losing votes (or getting to a mass protest) . It is like the gun law in USA; everybody knows all the mass shooting could have been avoidable, but nobody will ever change that because able to own a gun and defend himself is the the basic entitlement right of the american people or so they think. So today maybe it is the airline.. Tomorrow it could be another company. Life goes on for the next 50 years. MAS is a highlighted example of what Malaysia is all about. There are many entities in Malaysia that has the exact same problem as MAS. (yet to get blown up) All are filled with lazy, corrupted bumis Link to post Share on other sites More sharing options...
Soya Supersonic January 26, 2020 Share January 26, 2020 On 1/23/2020 at 1:34 PM, Blueray said: Malaysia Airlines needs S$7b to continue operations Read more at https://www.todayonline.com/world/malaysia-airlines-needs-s7b-continue-operations that's S$7,000,000,000/- ... *cough* *cough* Sounds like another OTT hair-brained plan if they just keep throwing money at this sick man but retain incompetent management based on race and cronies..... Wow: Malaysia Airlines Needs $5 Billion To Stay Afloat byChris Loh, Simply Flying January 24, 2020 The latest financials are suggesting that Malaysia Airlines will be operating at a loss. Reports indicate that if the flag carrier of Malaysia can’t turn its situation around or find a major investor, it will require up to RM21 billion (US$5.15 billion) of government assistance in order to keep it going until 2025. According to media outlet Today, the numbers come from a memo based on Malaysia Airline’s 2019-2025 business plan. Involved with this business plan is the airline’s main investor, Khazanah Nasional – the sovereign wealth fund of the Malaysian Government – which has invested the equivalent of over US$196 million in the carrier according to The Edge Markets. “The RM21 billion financing is a ‘high-level estimate’ based on Khazanah’s projections, which included aircraft purchases if [Malaysia Airlines] continued bleeding red…That would mean the fund would need to pump in roughly RM3.5 billion a year with RM1 billion to RM1.6 billion going to operations and the rest for aircraft. Based on [Malaysia Airlines’] own estimates which Khazanah considered optimistic, RM10.3 billion would be needed,” -Khazanah memo 4% growth is too optimistic The business plan put together by Malaysia Airlines calls for “driving revenue” and “managing costs” while maintaining a “premium customer experience”. The airline estimates that it would break even in 2022 and become stable in 2024. However, Khazanah does not see a difference between the proposed business model and the previous one, saying that the plan’s forecasted 4% jump in revenue is unlikely. With a 1% per year growth rate between 2016 and 2018, the memo observed that the airline would never break even should it continue at this rate. Even with Malaysia Airlines’ estimates, Khazanah would still be required to inject an additional RM10.3 billion. Some of this money would be used to pay off the RM5.6 billion loan needed for six Airbus 380s and finance operations. Sources indicate that the airline has already risked defaulting on this loan. The conclusion that Khazanah has reached is that this latest business plan is overly optimistic and does not offer any new solutions that will change the airline’s financial situation. According to Today, Khazanah cites the airline’s weak track record, execution capacity and an inability to address revenue decline as the main reasons why it lacks confidence in the plan. Conclusion Of course, despite the challenging financial situation, Khazanah is still hoping for an investor to come in and rescue the airline. Various reports suggest that Malaysia Airlines is currently being courted by five different airlines; Qatar, AirAsia, Malindo Air, China Southern, and Japan Airlines. KLM-Air France was rumored to have made an offer for 49% of the airline but recent reports indicate that the European airline group has opted out. The numbers are clear – the airline is not operating sustainably. Its largest shareholder, Khazanah, believes it needs more change in order to survive and thrive in today’s highly competitive environment. 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic January 27, 2020 Share January 27, 2020 23 hours ago, Soya said: Sounds like another OTT hair-brained plan if they just keep throwing money at this sick man but retain incompetent management based on race and cronies..... Wow: Malaysia Airlines Needs $5 Billion To Stay Afloat byChris Loh, Simply Flying January 24, 2020 The latest financials are suggesting that Malaysia Airlines will be operating at a loss. Reports indicate that if the flag carrier of Malaysia can’t turn its situation around or find a major investor, it will require up to RM21 billion (US$5.15 billion) of government assistance in order to keep it going until 2025. According to media outlet Today, the numbers come from a memo based on Malaysia Airline’s 2019-2025 business plan. Involved with this business plan is the airline’s main investor, Khazanah Nasional – the sovereign wealth fund of the Malaysian Government – which has invested the equivalent of over US$196 million in the carrier according to The Edge Markets. “The RM21 billion financing is a ‘high-level estimate’ based on Khazanah’s projections, which included aircraft purchases if [Malaysia Airlines] continued bleeding red…That would mean the fund would need to pump in roughly RM3.5 billion a year with RM1 billion to RM1.6 billion going to operations and the rest for aircraft. Based on [Malaysia Airlines’] own estimates which Khazanah considered optimistic, RM10.3 billion would be needed,” -Khazanah memo 4% growth is too optimistic The business plan put together by Malaysia Airlines calls for “driving revenue” and “managing costs” while maintaining a “premium customer experience”. The airline estimates that it would break even in 2022 and become stable in 2024. However, Khazanah does not see a difference between the proposed business model and the previous one, saying that the plan’s forecasted 4% jump in revenue is unlikely. With a 1% per year growth rate between 2016 and 2018, the memo observed that the airline would never break even should it continue at this rate. Even with Malaysia Airlines’ estimates, Khazanah would still be required to inject an additional RM10.3 billion. Some of this money would be used to pay off the RM5.6 billion loan needed for six Airbus 380s and finance operations. Sources indicate that the airline has already risked defaulting on this loan. The conclusion that Khazanah has reached is that this latest business plan is overly optimistic and does not offer any new solutions that will change the airline’s financial situation. According to Today, Khazanah cites the airline’s weak track record, execution capacity and an inability to address revenue decline as the main reasons why it lacks confidence in the plan. Conclusion Of course, despite the challenging financial situation, Khazanah is still hoping for an investor to come in and rescue the airline. Various reports suggest that Malaysia Airlines is currently being courted by five different airlines; Qatar, AirAsia, Malindo Air, China Southern, and Japan Airlines. KLM-Air France was rumored to have made an offer for 49% of the airline but recent reports indicate that the European airline group has opted out. The numbers are clear – the airline is not operating sustainably. Its largest shareholder, Khazanah, believes it needs more change in order to survive and thrive in today’s highly competitive environment. they have been actively talking about selling / closing MH for coming to a year already I think ... till now still nowhere near a firm conclusion. Link to post Share on other sites More sharing options...
Soya Supersonic January 27, 2020 Share January 27, 2020 5 minutes ago, Blueray said: they have been actively talking about selling / closing MH for coming to a year already I think ... till now still nowhere near a firm conclusion. Yalor. KLM tok until sian oso dun wan liao https://www.reuters.com/article/malaysia-airlines-ma-air-france-klm/air-france-klm-says-not-involved-in-malaysia-airlines-sale-talks-idUSL8N29Q3UL?rpc=401& 2 Link to post Share on other sites More sharing options...
Blueray Hypersonic January 27, 2020 Share January 27, 2020 4 minutes ago, Soya said: Yalor. KLM tok until sian oso dun wan liao https://www.reuters.com/article/malaysia-airlines-ma-air-france-klm/air-france-klm-says-not-involved-in-malaysia-airlines-sale-talks-idUSL8N29Q3UL?rpc=401& wah, KLM walked ! hang up and sell ... now all the rich yandao suitors walk liao. Link to post Share on other sites More sharing options...
Tohto Hypersonic January 27, 2020 Share January 27, 2020 45 minutes ago, Blueray said: they have been actively talking about selling / closing MH for coming to a year already I think ... till now still nowhere near a firm conclusion. Not surprised, is boleh land. Just see when will the VEP start. Link to post Share on other sites More sharing options...
Tohto Hypersonic January 27, 2020 Share January 27, 2020 40 minutes ago, Soya said: Yalor. KLM tok until sian oso dun wan liao https://www.reuters.com/article/malaysia-airlines-ma-air-france-klm/air-france-klm-says-not-involved-in-malaysia-airlines-sale-talks-idUSL8N29Q3UL?rpc=401& No one will want to put money into a black hole. 1 Link to post Share on other sites More sharing options...
Soya Supersonic January 27, 2020 Share January 27, 2020 53 minutes ago, Blueray said: wah, KLM walked ! hang up and sell ... now all the rich yandao suitors walk liao. Wayang show lah.....done deal w AirAsia liao Cronies can continue to ride the bolehland gravy train. Huat ar! https://www.theedgemarkets.com/article/khazanah-files-police-report-leak-malaysia-airlines-board-papers 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic January 27, 2020 Share January 27, 2020 (edited) 16 minutes ago, Soya said: Wayang show lah.....done deal w AirAsia liao Cronies can continue to ride the bolehland gravy train. Huat ar! https://www.theedgemarkets.com/article/khazanah-files-police-report-leak-malaysia-airlines-board-papers muahahaha ... tony cannot siam when asked to pump billion ... go big or go home ... lol Edited January 27, 2020 by Wt_know Link to post Share on other sites More sharing options...
Soya Supersonic January 27, 2020 Share January 27, 2020 2 hours ago, Wt_know said: muahahaha ... tony cannot siam when asked to pump billion ... go big or go home ... lol Coz abang there knows brudder Tony understand how the game is played in bolehland That's probably why the 2 previous angmoh at MAS couldn't last long... Link to post Share on other sites More sharing options...
Mkl22 Twincharged January 27, 2020 Share January 27, 2020 27 minutes ago, Soya said: Coz abang there knows brudder Tony understand how the game is played in bolehland That's probably why the 2 previous angmoh at MAS couldn't last long... I think Tony Kenna forced into it. LLST. If he becomes CEO at MAS will be in name only. Success will be shared. Failure will be his to bear. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic January 27, 2020 Share January 27, 2020 Throwing money into a hole. Link to post Share on other sites More sharing options...
Blueray Hypersonic January 27, 2020 Share January 27, 2020 3 hours ago, Soya said: Wayang show lah.....done deal w AirAsia liao Cronies can continue to ride the bolehland gravy train. Huat ar! https://www.theedgemarkets.com/article/khazanah-files-police-report-leak-malaysia-airlines-board-papers first they say Qatar interested, and Qatar had to issue statement to say not interested. then they say KLM interested, and KLM had to issue statement to say not interested. chut the same pattern twice. even during its heyday MH was not ang pai status, now lao cai already still wanna act atas and say got AMDK suitors. so let's see what Tony can do with this, he really doesn't need MH lah ... 1 Link to post Share on other sites More sharing options...
Soya Supersonic January 27, 2020 Share January 27, 2020 29 minutes ago, Blueray said: first they say Qatar interested, and Qatar had to issue statement to say not interested. then they say KLM interested, and KLM had to issue statement to say not interested. chut the same pattern twice. even during its heyday MH was not ang pai status, now lao cai already still wanna act atas and say got AMDK suitors. so let's see what Tony can do with this, he really doesn't need MH lah ... Tink other airlines interested in buying over not bluff Juz like if I say I interested to buy a Proton oso not bluff........ .........if seller prepared to accept my lowball offer of paper value minus another $7k/yr depre. LOL 1 Link to post Share on other sites More sharing options...
Blueray Hypersonic January 27, 2020 Share January 27, 2020 9 minutes ago, Soya said: Tink other airlines interested in buying over not bluff Juz like if I say I interested to buy a Proton oso not bluff........ .........if seller prepared to accept my lowball offer of paper value minus another $7k/yr depre. LOL yeah, maybe KLM offered paper value and still want petrol voucher, service credits, insurance etc ... Link to post Share on other sites More sharing options...
Soya Supersonic January 27, 2020 Share January 27, 2020 (edited) 1 hour ago, Mkl22 said: I think Tony Kenna forced into it. LLST. If he becomes CEO at MAS will be in name only. Success will be shared. Failure will be his to bear. I realli hope brudder Tony succeeds and takes over MAS. I realli do Then many MCF tikos will get to see more of how beautiful bolehland actually is.... https://www.thesun.co.uk/news/7520007/chinese-airasia-cabin-crew-mabel-goo-pictures-twitter/ Edited January 27, 2020 by Soya 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic February 2, 2020 Share February 2, 2020 Wah. https://www.channelnewsasia.com/news/business/malaysia-probes-airbus-bribed-airasia-allegations-12381092 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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