Rebuilding MAS for the long haul
Redefining 2014 is within airline's control
TWO plane disasters and 537 lives lost involving crisis-fatigued Malaysia Airlines (MAS) have turned 2014 into a storm-wreck year for the carrier which was earlier on wobbly financial footing but now, simply shaken to the bone.
At just over the halfway mark, this year could also be when the ailing state-owned airline, with some 20,000 people on its payroll, is jolted into renewal. After all, we are strongest at the broken places and after a defeat, it is said.
But what was Khazanah Nasional thinking when it said it would come up with a revival plan for MAS within six to 12 months - following the loss of MH370 on March 8, which led to a reputational fallout, and amid slumping sales and hefty compensation payouts and the worst Janua…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
BT subscribers can now share 5 premium articles a month with unlimited number of non-subscribers
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds
Vietnam holds first gold auction in 11 years to stabilise market
How Hudson Yards went from ghost town to office success story
Hot stock: Nanofilm jumps 13.1% amid heavy trading on improved Q1 results