Delisitng MAS Another Exercise of “Bina Tak Boleh Fikir”?

Khazanah Nasional Bhd has announced the delisitng of MAS this morning.  However, yesterday at about 10:30 am Reuters broke the story about the impending announcement by Khazanah Nasional Bhd, HERE It is strange that such matter was leaked out to the press like what had happened to the announcement of the infamous MAS-AirAsia Share Swap, where the story was broke by Malaysian Insider with clinical accuracy of the scheme.

It is sad to note that after several “rescue plans” or “restructuring plans”, “New Business Plan” and etc,  MAS is in no better position than what it was before all the “Plans” by the geniuses or corporate gurus.

In 2002, BinaFikir Sdn Bhd (“BinaFikir”) was commissioned to restructure MAS.  By chance, at that material time Tan Sri Md Nor Yusuf was the Managing Director of MAS and now chairman of MAS.  BinaFikir came up with the “greatest idea” of all times and the name of  “Widespread Asset Un-Bundling” (“WAU”) was hatched.  Malaysians hailed the great idea of “WAU” by BinaFikir and thought that MAS will fly to its majestic height under “WAU”.  Please read HERE,

Basically “WAU” was to make MAS  an “asset light airline” so that MAS could fly higher and higher to where it is now!

In 2003,  as the MD of MAS, Tan Sri Md Nor Yusuf, sold 70% of the equity of MAS Catering Sdn Bhd was sold to a company controlled by Datuk Hj Ibrahim bin Badawi and at the same time he also signed another back to back catering agreement with the same company worth RM6.25 billion for 25 years.  Of course, it was a lope sided agreement, which cost MAS RM250 million annually.  No other airline in the world that have signed a 25 years catering agreement.

BinaFikir was incorporated in 2002 and after all the successful projects including “WAU”, in 2008 MAYBANK bought it for RM8 million If you don’t believe, just ask YB Senator Datuk Wahid Omar, the then CEO of Maybank.

It has been proven that consultancy firm is a lucrative business.  No wonder the little napoleons in Khazanah cannot live without consultants!  

 

 

1st Left:  Tan Sri Md Nor Yusuf. 3rd left: Tan Sri Mohamed Nor Yakcop, the one time extremely powerful Minister of finance II.

1st Left: Tan Sri Md Nor Yusuf. 3rd left: Tan Sri Mohamed Nor Yakcop, the one time extremely powerful Minister of Finance II.

 

It was all by chance that in 2002 Tan Sri Nor Mohamed Nor Yakcop was a director of Kazanah Nasional Bhd. He played a major role in GLCs like United Engineer Malasyia (UEM) and MAS, HERE.  Around that material time, he was also the extremely powerful Minister of Finance II in the Tun Abdullah’s Administration.

It was by chance that BinaFikir Sdn Bhd was founded by Tan Sri Azman Mokhtar and En Mohamed Rashdan Yusuf aka Danny (Rashdan).  When the infamous MAS-AirAsia Share Swap was hatched in August 2011, in HERE.

 

Right: Mohamed Rashdan Yusuf, the then Deputy CEO of MAS, a nominee of Khazanah and co-founder of BinaFikir Sdn Bhd

Right: Mohamed Rashdan Yusuf aka Danny, the then Deputy CEO of MAS, a nominee of Khazanah and co-founder of BinaFikir Sdn Bhd.  Left;  Tan Sri Azman Mokhtar, the managing director of Khazanah and the other founder of BinaFikir Sdn Bhd.

 

It was by chance the Tan Sri Azman Mokhtar is the Managing Director of Khaznah Naional Bhd and Rashdan Director of Investment in Khaznah Nasiona Bhd.

It was also by chance that after the infamous MAS-AirAsia Share Swap, Rashdan, who was a Director of Investment, was specially handpicked by the supremo in Khazanah to spearhead the objectives of the infamous MAS-AirAsia Share Swap in MAS, in HERE

Rashdan was trying to save MAS by his so-called cost cutting exercise, which was seen by many as an attempt to stifle the growth of Firefly and/or MAS, in HERE.  Rashdan’s agenda under the MAS-AirAsia Share Swap, in HERE.

On 2 May 2012 the infamous MAS-AirAsia Share Swap was reversed and Tan Sri Azman Mokhtar, the MD of Khazanah, said:

Khazanah remains supportive of the compelling logic of proper collaboration between airlines so long as it complies with anti-competition laws, but we also acknowledge the unintended and unfortunate confusion and distraction of the share swap arrangement that has become an impediment to the more important task of turning around the national carrier. As such, the share swap reversal to reinstate the original shareholding positions is done simultaneously with strengthening proper collaboration areas between the competing airlines. In addition, MAS will
be further strengthened with, among others, a fleet renewal programme.”

For full statement of Tan Sri Azman Mokhtar, please read HERE.

In May 2012 Rashdan had to leave MAS in disgrace, HERE.

In January 2012 Malaysian Competition Commission (MYCC) commenced investigation into the so-called collaboration as stated by Khazanah, HERE.

In September 2013, MYCC found the said collaboration between MAS and AirAsia under the said infamous Share Swap has violated the Competition Act 20111 and imposed a fine of RM10 million each against AirAsia and MAS, HERE.

 

Datuk Ibrahim bin Ahmad Badawi, the brilliant corporate man.

Datuk Ibrahim bin Ahmad Badawi, the brilliant corporate man.

 

It is hoped that the new “PLAN” by the little napoleon in Kahzanah will not be another “Bina Tak Boleh Fikir” Plan.  Whatever PLAN it may be, it must include the termination of the lope sided catering contract with Brahim’s Catering, which is controlled by Datuk Hj Ibrahim Bin Badawi, the brother of Tun Abdullah.

 

The little napoleon in Khazanah said no merger of MAS and AirAsia in the new "Plan".

The little napoleon in Khazanah said no merger of MAS and AirAsia in the new “Delisting Plan”.

 

In July 2014 the little napoleon in Khazanah Nasional Bhd have clearly said that there will be no merger between MAS and AirAsia, HERE.

Below is the full text of the statement from Kahzanah on the delisiting of MAS.

Kuala Lumpur, 8 August 2014

Khazanah Proposes to De-list Malaysian Airline System Berhad

We are pleased to announce that Khazanah Nasional Berhad (“Khazanah”) has today submitted a formal request to the Board of Directors of Malaysian Airline System Berhad (“MAS”) to undertake a selective capital reduction and repayment exercise (“Proposed SCR”) of MAS’ ordinary shares. The proposal will enable minority ordinary shareholders of MAS to receive a capital repayment amount of RM0.27 per ordinary share. This represents a 12.5% premium to closing price on 7 August 2014 and a 29.2% premium to the 3-month volume weighted average market price (“VWAMP”). Upon successful completion of the Proposed SCR, Khazanah will become the sole ordinary shareholder of MAS, which would lead to a de-listing of MAS.

In June 2014, Khazanah had announced that it was in the midst of undertaking a comprehensive review of MAS, in consultation with the Special Shareholder, the Minister of Finance Incorporated. Khazanah further clarified that subject to the necessary approvals from the relevant authorities, it would announce the proposed restructuring scheme within a period of 6 to 12 months. We reiterate that the proposed restructuring will critically require all parties to work closely together to undertake what will be a complete overhaul of the national carrier on all relevant aspects of, inter alia, the airline’s operations, business model, finances, human capital and regulatory environment. Nothing less will be required in order to revive our national airline to be profitable as a commercial entity and to serve its function as a critical national development entity.

In this regard, today’s proposal for de-listing represents the first stage of the restructuring scheme. Further, Khazanah is in the final stages of completing the overall restructuring proposal, and upon due process and approvals from the relevant authorities, regulators and the Special Shareholder, the Minister of Finance Incorporated, we envisage that additional detailed plans will be announced by the end of this month.

End

For further information on Khazanah, please visit www.khazanah.com.my or contact Mohd Raslan Md Sharif at +603 2034 0000, or e-mail at raslan.sharif@khazanah.com.my.

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33 thoughts on “Delisitng MAS Another Exercise of “Bina Tak Boleh Fikir”?

  1. Loo Chee Wai

    If the same directors, managers and ceo are retained, then the public will know that this is all a farce.

    Reply
  2. The Shameless Characters

    It was all by chance and the main players are there. They have interchanged places. They are all failures. They are the Bina Without Otak.

    Mr PM, Why does Malaysia has to put up with people like Tan Sri Md Nor Yusuf, Azman Mokhtar, Itchy Rashdan and Nor Yakcop (now deputy chairman of Khazanah). These are the shameless characters.

    They are the main contributors to the failure of MAS. I would like to say it again that they are all failures and should be thrown into the longkang!

    Reply
  3. Con Man

    We support any attempt to save MAS as long as the “tiada otak” gang are not there. Amok, Nanny the Danny, Tan Sri Md Nor and Tan Sri Nor Yakcop. They are not serious with saving MAS. Look at how WAU was done.

    Reply
  4. Idris

    The names mentioned are all the dunngu and taida maruah. PM Najib should get rid of these dunggu before it is too late. These dunggu are very good and quick to blame on MAS staff without realising that they were the ones that made all the stupid decisions. The Share SUAP that brought the pariah into the management of MAS has damaged MAS quite a lot. The pariah has access to all trade secrets of MAS. The useless Botak is still being kept in MAS Engineering to look after AirAsia?

    Until now the top management of MAS is still keeping quiet whether the low caste airline has been charged with market rate for all services and fully paid for all work done by MRO.

    The tick skin Botak went to Ukraine as an “Investigator”. As far as we know he is not a qualified investigator. No wonder the botak was seen holding a small camera to take pictures. This Botak is not even qualified as a photographer!!! Most probably he was pretending to take picture. Suddenly we have not heard of this Botak as one of the investigator for MH17. He is an embarrassment to MAS and Malaysia.

    Reply
  5. beastofburden

    At the end of the day you can be 110% sure AA going to be there in the picture in Khazanahs plans. AA may get new routes and assets..Remember the Sabah / Sarawak con job, here we go again.We all remember FlyAsianXpress.

    Reply
  6. Loo Chee Wai

    YB Wee. We thank you very much for your good job. Even after mas delisting, please do your good job to comment on their good and not good stratergy. Mas staff can continue to give you feedback. We need good third party watchdog like you for good of malaysia. The official company watchdog group of malaysia is not affective and cannot comment anymore after mas is delisting. We support you as independent YB!

    Reply
  7. Azrul

    The nation has have enough of the idiots in Khazanah and all their useless plans. Nothing seems to work. Bina Tiada Otak Azman Moktar did the WAU and got MAS to sell MAS Catering to the Sleepy Head’s brother. MAS was bound with the one sided catering agreement for 25 years. Now he is the MD of Khazanah, MAS is finished as long as Azman is heading Khazanah.

    Reply
  8. kuman

    BinaFikir Sdn Bhd ?? Bina dulu then Fikir? Then you know where it will lead you. If Fikirbina ie FIkir dulu baru Bina then it make sense and you have more confident where it will lead you.

    Reply
  9. Karim

    Do not expect these personalities to look after the interest of MAS. Just examine what TS Azman Moktar, Rashdan, TS Nor Yakop and TS Md Nor Yusuf have done to MAS. They have f.ckup MAS big time. Need not go further, look at the 25 years catering contract is enough. It was a case of “Harapkan pagar, pagar Makan padi”. Need I say more?? Najib should sack these idiots immediately before it is too late.

    Reply
  10. Shukri

    Is it through that Nasir the brother of PM is in Khazanah holding a high position? Can anyone in Khazanah confirm this?

    Reply
  11. Anonymous

    Indeed another sad story for MAS. Seeing history repeats itself is just too frustrating. After WAU, MAS hasn’t got anymore asset to sell off. Operation cost is bloating and revenue depleting ain’t gonna sustain this poor airline. Lot’s of good people leaving knowing too sure there is not light at the end of the tunnel. The game of whether to go full service of low cost wld continue at the expense of staff and department such as engineering and cargo. What went wrong with HR when total staff has risen back to 20k. A lot of idiots being brought in to destroy the company with their fancy but crappy business plans. AJ is just to clueless to understand how airline works and his learning curve cut short by his idiodic move to turnaround the airline malakoff’s ways. I took bold decision to leave this company despite my passionate of seeing it grow to be Asian premier airline. Open sky policy nxt year cld certainly drag MAS further into crisis. The current mgt has too much curiosity but no common sense.. bye2 AJ you’ll certainly be the most remembered CEO.. of all time.

    Reply
    1. Salleh

      AJ, the fatty biscuit Zaharah and Botak Azhari are the shameless lots. They have no maruah at all. These are the heads that must be chopped off before MAS could dream of recovery.

      How could one justify the salary scales that these useless idiots are paid?

      I am told that the brainless AJ is paid RM250,000 per month, fatty Zaharah RM120,000 and that low caste Botak Azhari RM100,000. How could MAS recover with the grossly overpaid idiots heading MAS! Just sack these three first and there is still hope.

      Reply
  12. Amir

    MAS today is what the CON-sultans have done to it. Those CON-sultans and Nor Yakop should be shot for what they have done to MAS. When things got wrong in MAS, they will blame the staff. They have forgotten that they are the one who made all the stupid decisions.

    Reply
    1. Anonymous

      What RM100,000 a month salary for azhari!! And my son working in airasia for 6 years and only earning RM1.3k. After I read MAS sent three experts to ukraine for MH17, I realize one of them is azhari dahlan. Back in airasia, azhari is not an honest man. To reduce cost in manpower, he introduced airasia engineering trainee programme, and personally conducted the interviews. The trainees, like my son are bonded for 10 years, which supposed to be 5 years of training and 5 years of working.

      My son is fresh from school, therefore he, even myself have no idea how the training programme really look like. Each trainees were paid only RM800 (gross) per month initially. The reason why I said he is not honest because, the whole training programme cost supposed to be paid by airasia, since my son is bonded for 10 years. But sadly after few years, they said trainees required to apply for study loan, which they never ever mention when he signed his contract. That really shocked me. The study loan itself is around RM40k, which by right should be paid by company.

      The way they seduced my son to agree for the loan is very smart way. They promised in future airasia maintenance and airasia x maintenance are going to merge. So when the merge occur, once the training is completed, the salary will be extravaganza, which will be enough to cover the loan. Which in reality it doesn’t happen, they LIED!

      Being almost 6 years in airasia, yet my son still a trainee and haven’t get his basic licence. His basic salary just went up till around RM1.3k/month (increment of RM500 within 6 years of working). For now he is just waiting for his turn to sign the study loan like what rest of his seniors did. And after that they will deduct almost RM600 from his current salary, which will leave him with very little money every month (do the math). Therefore, I had advised him to hold his wedding plan. I don’t think so if tony is aware of this matter.
      My son couldn’t go no where since he is bonded. And he can’t go anywhere, since he is just a school leaver, with no any higher qualification.

      Just hope this would be a lesson for school leavers interested in pursuing education in aircraft maintenance and for their parents as well.

      Reply
  13. Anonymous

    Whatever Azman Moktar and his boys in Khazanah do, it must not benefit the Low caste AirAsia. We know that the low caste has huge loans with CIMB and who headed it. We also know that the Pariah is a good friend of Azman Moktar. The MAS AirAsia share swap and how MAS was was screwed are very fresh in our minds. Remember how nanny the Danny approved million of Pound to sponsor the pariah’s QPR and how he canabalized Firefly.

    MAS staff must keep a watchful eye on what Azman Moktar, Danny and their little napoleons do. We must also check on what the clueless AJ, fatty Zaharah and Azahari Dahlan are doing. We must not allow them to screw up MAS uo help the low caste.

    Reply
  14. th-steel.com

    pi mai pi mai tang tu juga..azman mokhtar, and his gang inclusive tong fernandez..khazanah lah yang bertanggung jawab merampas hak-hak MAS dan diberi kepada airasia. mereka inilah yang menghancurkan mas akhirnya mereka akan menguasai mas melalui tony fernandez.

    Reply
  15. Anonymous

    According to source project sapphire is making a comeback in the new restructure plan expected to be unveiled by month end..

    According to source all units within mas to be broken up into small subsidiaries company and report to a holding company. Some expected to be outsourced pretty soon.

    According to source short haul full svs airline will be formed to separate domestic / asean and international routes..

    According to source mas is surely doomed..

    Reply
  16. European

    Clueless Top Management, with a person looking and behaving like a “farmer” heading the group, frustrated staff, clueless but asumingly very well paid “consultants” which come up with such nice ideas of changing the Logo and design as this would ever help in a situation MAS is in. The last few good staff paralysed by ongoing wrong or no decisions, wrong Aircraftorders with no plans to replace the longhaul-fleet to at least survive on the premium-sectors and serve the nation and on the shorthaul there is no way to survive against stiff and growing competition anyway…… this very much reminds me of the “last days” of carriers like TWA, PanAm and others who also became obsolete in this industry. If no drastic changes happen soon, the open sky in 2015 will do the rest. Even after a delisting… which country needs a black hole to see money disappearing every day just to have a “National Carrier” if other airlines serves the same purpose and pay taxes rather than burn money. Time to act for the PM, as time moves on.

    Reply
  17. Patricia

    All this started with the share swap and the import of people to further that agenda. And even when the share swap was later abandoned, the plans never were. Look at engineering.

    And now we read in the papers that project sapphire which was initiated when the share swap happened is to be revived as part of the restructuring plan. So what is new? After all, what can we expect when the architects of this new restructuring are the same as those who did the share swap.

    If true, what a shameless charade!

    Reply
  18. yop

    Mohamed and Mokhtar is answerable to the government,…….. tapi bukan duit dia orang yang masuk dalam longkang. so….why do they care to use their brains. someone has to do something to this kind of people.

    Reply
  19. AnakMAS

    I do sympathize all the honest, loyal and hardworking employee of MAS. Those top management be it in MAS or Khazanah still earn big fat salary and perks whilst poor employee of MAS over the past few years were given very tiny increment (if any) which couldn’t even cover yearly inflation rate.

    Now some of them are worried whether can can still feed their family by year end. Those who making a wrong strategy and business direction resulting in MAS making loss year after year will still have their job or preparing themselves elsewhere through strong connection. How about those innocent decent MAS workers with just an airline industry experience..where shall they go if massive layoff is about to take place. Punishing those employees who are not responsible to this sad MAS episode is just cruel and despicable.

    MAS can only be saved and return to its former glory if honest, caring, hardworking and experienced management is in place…God bless MAS

    Reply
  20. sayang

    Correct what anak mas is saying. Why always the staff are to be sacrificed. Why.??? They dont make decision.The top bosses plan things wrongly because they are not experienced and then slaughter the staff.The small staff just follow instructions. MAS is given 4 MD in 10 years. what rubbish is this.No company must change MD every year.Before any clueless MD can find out how an airline ticket looks like ,they change. Then bring in another one who dont also know how to see even how an airline ticket look like.Then change again and again. Then the easiest is to sack staff. Reason is staff do not deliver.But who make decisions. Staff or bosses. I think now its the time to sack the bosses not the satff. 1000 low staff dont cost as much as 20 high staff. So far MAS is like sending players into the field when they dont even know the game.So result lose the game over and over.Run all over the field but cannot get near the goalpost.Now they are changing the game with new players. Sure cannot goal again. Sad..But this time do not sack staff. Sack the bosses.

    Reply
  21. Khalid

    By now the PM should already know who is this Azman Moktar and what role he and Rashdan played in 2002. Both of them have “WAU”ed MAS. Both of them are fully aware of the selling of MAS Catering and then got MAS to sign a 25 years contract with the Slumberjack’s brother. That bloody Tan Sri Md Nor was also one of the culprit. He was the MD at that time. Tan Sri Nor Yakcop was the also the key man in this nonsense. These shameless idiots are still trying to mess up MAS again with desisting. I agreed that we must work together to get rid of the brainless management like Slumberjack, the sleeping advisor drawing RM30,000 a month for sleeping, AJ, Botak Azhari Dahlan and the good for nothing fatty Zaharah. If any of these 4 remain in MAS, MAS is doomed. Forgotten the other one is Tan Sri Md Nor.

    Reply
  22. Franky

    They are good for nothing. They are paid hundred of thousand RM in salary and brainless. They are good in blaming the staff all the time. TS Azman, TS Md Nor, AJ and Azhari Dahlan are just useless. TS Azman Mokhtar, TS Md Nor and TS Nor Yakcop should not be allowed top be involved in any form of restructuring of MAS as they were the one that screw up MAS.

    Reply
  23. Anonymous

    What RM100,000 a month salary for azhari!! And my son working in airasia for 6 years and only earning RM1.3k. After I read MAS sent three experts to ukraine for MH17, I realize one of them is azhari dahlan. Back in airasia, azhari is not an honest man. To reduce cost in manpower, he introduced airasia engineering trainee programme, and personally conducted the interviews. The trainees, like my son are bonded for 10 years, which supposed to be 5 years of training and 5 years of working.

    My son is fresh from school, therefore he, even myself have no idea how the training programme really look like. Each trainees were paid only RM800 (gross) per month initially. The reason why I said he is not honest because, the whole training programme cost supposed to be paid by airasia, since my son is bonded for 10 years. But sadly after few years, they said trainees required to apply for study loan, which they never ever mention when he signed his contract. That really shocked me. The study loan itself is around RM40k, which by right should be paid by company.

    The way they seduced my son to agree for the loan is very smart way. They promised in future airasia maintenance and airasia x maintenance are going to merge. So when the merge occur, once the training is completed, the salary will be extravaganza, which will be enough to cover the loan. Which in reality it doesn’t happen, they LIED!

    Being almost 6 years in airasia, yet my son still a trainee and haven’t get his basic licence. His basic salary just went up till around RM1.3k/month (increment of RM500 within 6 years of working). For now he is just waiting for his turn to sign the study loan like what rest of his seniors did. And after that they will deduct almost RM600 from his current salary, which will leave him with very little money every month (do the math). Therefore, I had advised him to hold his wedding plan. I don’t think so if tony is aware of this matter.
    My son couldn’t go no where since he is bonded. And he can’t go anywhere, since he is just a school leaver, with no any higher qualification.

    Just hope this would be a lesson for school leavers interested in pursuing education in aircraft maintenance and for their parents as well.

    Reply
  24. Jamil

    Since why Tan Sri Azman Mokhtar can “fikir”? He is just one of the Tingkat Empat boys. The 25 years catering contract was signed by Tan Sri Md Nor. It was part of the “WAU” exercise. WAU was done by Amokh and his kuncu Rashdan. Just wonder why Najib extended his contract as MD of Khazanah for another year. He is not fit. Now he is trying de-listing of MAS.

    We have to keep our watchful eyes on Khazanah because Tony is a close friend of Amokh and Nasir is also in Khazanah. We must not allowed another share SUAAP to screw MAS and help the Pariah and his low caste airline.

    Reply
  25. KB Sandhu

    With the usual suspects, CIMB, EY and Seabury consulting involved in re-setting MH, don’t expect anything to change. Expect to see these CON-Sultan(t)s place their own people in strategic positions in the airline to safeguard their huge contracts.

    MH must be the only airline in the world which places loads before yields and we must “thank” these CON-Sultan(t)s for such a shrewd strategy.

    What can the likes of Md Nor et al do differently than what they’ve been doing over the last couple of years. These thieves and plunders are responsible for the current state which MH finds itself in and should be thrown out of the airline.

    Why can’t the government and TalentCorp entice MALAYSIANS at CX, EK, SQ and EY back to take up key positions in the company. Pick their brains and experience.

    The only thing TalentCorp seem to know how to do is to organize dinners at fancy hotels abroad for the benefit of Embassy staff in these countries. The rest of the time, they’re out shopping in these countries.

    Stop the Global Travelers and industry jokers, Dean Dacko, Hugh Dunleavy and their ilk from blowing hot air from both ends of their bodies at conferences/seminars worldwide. Rather than find ways to turn the airline around, these goons are giving interviews to the likes of the UK’s Daily Mail and US’ Washington Post.

    Why can’t Khazanah tap the minds of the likes of Tan Sri Bashir Ahmad, Tan Sri Aziz et al, all towering Malaysians who are respected across the airline industry, worldwide. Do these CON-Sultan(t)s know their worth?

    It’s time for Malaysians (home and abroad) to “Get up, Stand Up and Re-claim OUR National Carrier.

    Save MH from thieves, plunders and con-sultan(t)s.

    Reply
    1. Pak Din

      There are many CON-sultants in Khazanah. No wonder MAS is in such shit. Tan Sri Md Nor, Nor Yakcop, Danny the nanny and, of course, Amokh, the fsther of all CON-sultant!

      Reply
  26. old referee

    YB,

    There are enough expertise in this field amongst us here in Malaysia. Why engage so call consultants who are here to fill the pockets and leave MAS high and dry. Forget about all from Celcom, Axiata, even the MD who sold all assets and said he turned around MAS, that B** Idris Jala. Suruh balik bukit laa kawan. WHAT CAN THESE PEOPLE DO? Was AJ a success in Malakoff?? What happened to him at MAS? It is a totally new ball game. Will the experience in telecommunication helpful these two guy to take MAS out of the doldrums?? Everybody want a mobile phone even if the operator cheat them,
    but airline is totally different. The competition in the airline industry is different.

    Tan Sri Basir Ahmad will be the suitable candidate. He is well respected in the Aviation field. He was in MAS and even though bad things has been said about him, he is still a good bet to oversee the transformation. He has done good at MAB despite the bashing he got for the PARIAH.
    Gather the local expertise and help the ailing airline to restore the HONOUR, PRIDE and INTEGRITY of the national carrier. Leave those whose sole evil intention is to see MAS fail so that their friends can tear MAS apart for their own good. And believe it or not, it may be KHAZANAH itself !!. Why did Khazanah let MAS rot for all these years?? MAS, a cash cow for some people up there ??? You bet !!

    Reply
  27. biz mas

    Pirvatise to a business man sudah He will check the P & L.
    He will employ only those who can deliver and let them be accountable.No need to ask Khazanah to deisign the restructuring.They could not do this last 10 years. Can they do it this time. ???

    Reply
  28. Anonymous

    dahulu pernebangan malaysia, sekarang newco. Pernebangan Malaysia dahulu ambil alih semua aset dan hutang piutang MAS. kapal terbang milik penerbangan malaysia, mas jalankan operasi sahaja. mana pergi Pernebangan Malaysia sekarang ini? mungkin azman mokhtar tahu jawapannya. bukan sebuah kapal terbang yang hilang, sebuah syarikat yang memiliki beratus kapal terbang pun boleh lesap. semangat 1Malaysia.

    masa pergabungan syarikat perladangan, ada special purpose vehicle, synergy drive. tup tup tukar nama jadi Sime Darby. lebih kurang sama aja silap matanya.

    di luar negara pun biasa juga kita dengar penstrukturan korporat bagi syarikat bermasalah. tapi modelnya jauh berbeza dengan yang 1Malaysia buat. sekurang-kurang ceo akan letak jawatan atau digantikan dengan serta merta. budaya yang ditunjukkan oleh ceo MRT baru-baru ini nampaknya tidak diteladani. apa lagi yang diharapkan Jauhari nak buat selepas 3 tahun yang gagal. apple inc pun dahulu pernah hampir terlingkup, maka mendiang Steve Jobs ambil alih sebagai interim ceo hingga apple pulih dan menjadi syarikat paling bernilai di dunia. tak pernah ada special pupose vehicle pun. apa yang special sangat tu, nak kebas duit billion2 kot.

    bina fikir dahulu yang cipta penerbangan malaysia. Bina Fikir itu ada yang bernama Azman Mokhtar di dalamnya. pemain utamanya sama nama dengan yang hari ini jadi boss khazanah. nampak macam sama aja pelan yang dicadangkan kali ini. mungkin orang pun sama kot. nak buat macam steve jobs kat apple inc agaknya tapi kena ingat steve jobs sendiri jual kereta Volkwagon buruknya untuk bina apple inc. azman mokhtar hanya tubuh bina fikir dan pakai kereta mewah. khazanah tu bukan bina fikir yang bina.

    runtuh fikir jadinya kalau orang yang sama masih diberikan peluang buat sesuka hatinya. bukan tidak ada tokoh lain yang mampu. dalam sony, honda, siemens dan pelbagai syarikat multinasional terdapat anak-anak bangsa yang menyerlah. keupayaan mereka diperakui berasaskan merit. dalam glc macam banyak pilih kawan2, satu sekolah, satu universiti dan sebagainya. bau macam kronisme aja. nampaknya bukan dalam politik aja ada kronisme, dalam glc pun serupa. ala 40 penyamun jadinya. kalau tak geng, tak dapat habuan. umum nama calon ceo mas pun kitar semula, sazally ramly dan idris jala. jamaluddin ibrahim mungkin sedikit berbeza kerana dia dari maxis dahulu.

    yang tidak diumumkan, semua kakitangan MAS telah dipotong gaji sebanyak RM300 seorang setiap bulan tanpa mengira pangkat dan kedudukan. cukup bijak kata kebajikan kaki tangan diambil kira dalam pelan pemulihan.

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