Putrajaya still mulling options on Malaysia Airlines, says PM

Alfian Z.M. Tahir Alfian Z.M. Tahir Updated 7 years ago · Published on 4 Apr 2019 9:04PM · 1 Comments

Prime Minister Dr Mahathir Mohamad says the government is considering several options on MAS. – The Malaysian Insight pic by Seth Akmal, April 4, 2019.

THE government is still studying several suggestions on the future of Malaysia Airlines Bhd, Prime Minister Dr Mahathir Mohamad said.

“We have had so many suggestions. Some wanted us to sell off MAS, some disagreed to that.

“There were also some who said we should sell part of MAS, or enter into a joint venture with another country,” he said after an event in Kuala Lumpur today.

“The government is considering all these,” he added.

Last week, Dr Mahathir said the government needed to study MAS’ problems in detail before deciding on its future.

He said previous efforts to revive the carrier were not sensible, resulting in the company constantly in the red.

Dr Mahathir had said the government was willing to consider a private takeover of the airline

Asked today to name the parties involved in giving suggestions to the government, Dr Mahathir said: “No decisions made, I can’t say anything.”

The carrier’s last known net loss was RM812 million in 2017.

Khazanah had reported a RM7.3 billion impairment cost last year, of which half was due to MAS.  

Prior to the privatisation plan by Khazanah in 2014, the government had injected some RM17.4 billion into the company.

Since then, Khazanah has pledged to inject another RM6 billion. – April 4, 2019.

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Comments

  • Don't mull and think about it, just SELL it. MAS has been the bain to the nation expenses and a real sucker of funds. It has been bleeding for as long as I can remember after Tan Sri Aziz left the scene giving opportunities for certain people to harvest direct income for themselves, good for nothing management team esoecially the marketing people with such high salaries and perks only to market and enrich themselves. Long story short MAS has been in the red for so long just operate this fault tumor and get rid of it. No Malaysian will cry if we closed them down.

    Posted 7 years ago by Teruna Kelana · Reply