How many times, how much longer should nosotros transcend away along bailing MAS? How much receive got nosotros spent... RM26bn!!! If yous receive got from yr 2000, that is to a greater extent than than RM1bn a yr to transcend away along this affair afloat.
We come across a figure similar RM26bn as well as it does non construct much touching because nosotros receive got no frame of reference. What is RM26bn?
Let's state the 1MDB, which was a financial criminal offense as well as CBT, toll us Malaysians RM5bn. Then MAS would receive got meant going through nearly 5x 1MDB disaster. To hold upwards fair, MAS is a employment concern as well as piece the comparing is non alone apples vs apples, in that place is nonetheless roughly painful truth inward comparing it to 1MDB.
a) There is no shame inward non having a national airline but in that place is a lot of shame as well as fiscal irresponsibility when nosotros transcend away along losing to a greater extent than than RM1bn a yr for the past times xx years.
b) It doesn't receive got a rocket scientist to come across that MAS is almost unfixable owing to the: i) the marriage ceremony as well as their contracts (back inward 2015 20,000 employees were terminated as well as 14,000 rehired, were the price likewise generous our is it the civilization which nonetheless infects the company?); ii) the legacy of bloated provide contracts as well as the greedy gatekeepers as well as their leakages; iii) the overcrowding for brusk haul flights; iv) having depleted as well as so many international routes, MAS is having difficulty branding itself properly other than a codeshare specialist.
Since nosotros are going to lose to a greater extent than than RM1bn a year, merely sit down downward amongst the unions as well as provide chain contractors - declare bankruptcy as well as negoatiate to tear upwards all contracts at a steep discount or haircut resolution. While I am all for expert unions as well as employee rights, somewhere along the agency the MAS marriage ceremony has gone past times what is expert for the society - hold upwards honest.
Value all existing planes as well as landing rights, come upwards up amongst a figure. Sell to AirAsiaX for shares, but golden percentage remains amongst electrical flow AirAsiaX management for 10 years.
Inject into AirAsiaX equally that would hold upwards to a greater extent than palatable for Tony as well as his team. At to the lowest degree the improve margins at AirAsia stays intact. All domestic routes to hold upwards integrated as well as managed past times AirAsia. We cutting out the duplicity as well as may fifty-fifty hold upwards able to wing to a greater extent than secondary back upwards routes (such equally twice a calendar week Ipoh-Bangkok, Ipoh-KK,etc..).
As for ex-MAS employees, afterward getting their severance, those who are interested volition demand to re-apply to AirAsiaX to hold upwards integrated equally AirAsia employees. This operate volition hold upwards critical because yous don't desire an us-them province of affairs campsite deal if yous were to absorb all staff automatically from MAS. Pick as well as conduct those who volition conform.
By selling to AirAsiaX, MOF volition transcend away along a salubrious stake to hopefully turn dorsum roughly profits to compensate for the losses to the people. Secondly, it would non hold upwards 'nice" to sell MAS to a unusual party, only to come across them turnaround the thing.
20 years as well as multiple CEOs receive got shown as well as proven that MAS is non fixable because nosotros "allowed" it to hold upwards unmanageable, thence the best professional person volition also non hold upwards able to create much - its similar quest a chess Grandmaster to play for your province but he/she tin laissez passer on notice only motility your rook 2 spots as well as your bishops ane time every 10 moves, etc... it is ridiculous.
Bite the bullet as well as motility on already. Forget nearly the votes of the employees as well as relatives, that's non the agency to deal a province properly.
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