MAS Meeting Air France In Hope Of Joining SkyTeam - Malaysian Airlines’ MD recently met with top execs of Air France in a bid to join SkyTeam, one of three main global airlines alliances. At the moment, MAS is the only regional airline that has yet to enter a global alliance.
Government Not Bailing Out MAS - In an unexpected turn of events, the Government has announced that it will not be bailing out Malaysian Airlines - at least, for free. Khazanah Nasional has stated that any form of financial support will be “at arm’s length”. MAS had asked for around RM2 billion from the Government.
MSWG Backs MAS’ Recovery Plan - The Miniority Shareholder Watchdog Group (MSWG) has announced its backing for MAS’ revival plan, urging stakeholders to support the plan as well.
MAS To Rationalise Routes - In an effort to reduce losses, MAS will begin rationalising unprofitable routes by end-March. The rationalisation basically involves the removal of multiple domestic destinations contained within long-haul international routes.
AirAsia Makes Offer on MAS Assets - AirAsia has offered to take up MAS assets and staff if it gains approval to “…ply most of the national airline’s domestic network.” An excellent opportunity for our budget carrier indeed.
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