Khazanah to announce crisis plan for Malaysia Airlines

malaysia-airlinesMalaysia’s state investment vehicle Khazanah Nasional Bhd will announce a plan for Malaysia Airlines (MAS) in six to 12 months to hopefully be able to steer the national carrier out of its problems.

Khazanah managing director Tan Sri Azman Mokhtar had on June 10 that three things needs to be in place.

“One, we must make sure internally MAS as a company needs to up its productivity. Secondly, MAS as a national carrier needs to be clear about what kind of national carrier we want considering all circumstances including competitiveness. And the third is that the leadership to do this is very challenging,” he said.

Speaking to reporters at the Invest Malaysia 2014, Azman said it was very challenging for the MAS leadership and “we appreciate that CEO Ahmad Jauhari Yahaya and his team is working very hard”.

“Over the immediate term I believe there is enough headroom in terms of finances but over the medium to longer term this thing needs to be solved in a sustainable manner,” he added.

Khazanah, which is undertaking a study that included consulting its stakeholders, will present its decision to the government over the immediate term.



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Malaysia's state investment vehicle Khazanah Nasional Bhd will announce a plan for Malaysia Airlines (MAS) in six to 12 months to hopefully be able to steer the national carrier out of its problems. Khazanah managing director Tan Sri Azman Mokhtar had on June 10 that three things needs to be in place. “One, we must make sure internally MAS as a company needs to up its productivity. Secondly, MAS as a national carrier needs to be clear about what kind of national carrier we want considering all circumstances including competitiveness. And the third is that the leadership to do this...

malaysia-airlinesMalaysia’s state investment vehicle Khazanah Nasional Bhd will announce a plan for Malaysia Airlines (MAS) in six to 12 months to hopefully be able to steer the national carrier out of its problems.

Khazanah managing director Tan Sri Azman Mokhtar had on June 10 that three things needs to be in place.

“One, we must make sure internally MAS as a company needs to up its productivity. Secondly, MAS as a national carrier needs to be clear about what kind of national carrier we want considering all circumstances including competitiveness. And the third is that the leadership to do this is very challenging,” he said.

Speaking to reporters at the Invest Malaysia 2014, Azman said it was very challenging for the MAS leadership and “we appreciate that CEO Ahmad Jauhari Yahaya and his team is working very hard”.

“Over the immediate term I believe there is enough headroom in terms of finances but over the medium to longer term this thing needs to be solved in a sustainable manner,” he added.

Khazanah, which is undertaking a study that included consulting its stakeholders, will present its decision to the government over the immediate term.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00