Malaysian Airlines in Administration
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Malaysian Airlines in Administration
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Malaysia Airlines in administration, assures no disruption to flights
https://plus.google.com/107158623429005505864
Malaysia Airlines has moved to reassure its customers it is operating as normal after a voluntary administrator was appointed today as part of a restructuring under its government owners.
Newly installed chief executive Christopher Mueller said operations would continue as normal under the administration and existing reservations would not be affected.
“This appointment does not affect our daily operations or existing reservations,’’ he said. “You can continue to make reservations in full confidence that our flights and schedules are operating as normal, that tickets sold will be honoured, and that our Enrich frequent flyer program continues with miles and status preserved.”
Mr Mueller’s statement came after Khazanah Nasional Berhad, the state-owned fund that last year took control of MAS, announced the appointment of administrator Mohammad Faiz Azmi to oversee the restructuring of the delisted airline.
The airline’s statement said the appointment reflected the restructuring taking place before the relaunch of the airline group in September under a new business model and a new management team led by Mr Mueller.
The appointment of the administrator comes under the Malaysian Airline System Berhad (MAB) (Administration) Act 2015 enacted by the Malaysiag Government.
The MAS Act allows the administrator to facilitate the transfer of selected assets and liabilities to MAB, which will replace MAS as Malaysia’s new national carrier.
The airline was already in financial trouble when it was hit by the loss of two Boeing 777s last year.
https://plus.google.com/107158623429005505864
Malaysia Airlines has moved to reassure its customers it is operating as normal after a voluntary administrator was appointed today as part of a restructuring under its government owners.
Newly installed chief executive Christopher Mueller said operations would continue as normal under the administration and existing reservations would not be affected.
“This appointment does not affect our daily operations or existing reservations,’’ he said. “You can continue to make reservations in full confidence that our flights and schedules are operating as normal, that tickets sold will be honoured, and that our Enrich frequent flyer program continues with miles and status preserved.”
Mr Mueller’s statement came after Khazanah Nasional Berhad, the state-owned fund that last year took control of MAS, announced the appointment of administrator Mohammad Faiz Azmi to oversee the restructuring of the delisted airline.
The airline’s statement said the appointment reflected the restructuring taking place before the relaunch of the airline group in September under a new business model and a new management team led by Mr Mueller.
The appointment of the administrator comes under the Malaysian Airline System Berhad (MAB) (Administration) Act 2015 enacted by the Malaysiag Government.
The MAS Act allows the administrator to facilitate the transfer of selected assets and liabilities to MAB, which will replace MAS as Malaysia’s new national carrier.
The airline was already in financial trouble when it was hit by the loss of two Boeing 777s last year.
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Anxiety high at Malaysia Airlines this week as 20,000 staff await termination letters
After everything the airline has been through in the past 18 months then this.
Anxiety high at Malaysia Airlines this week as 20,000 staff await termination letters - South-east Asia News & Top Stories - The Straits Times
I hope the numbers are well down on what the press are saying. Good luck to one and all at MAS.
Anxiety high at Malaysia Airlines this week as 20,000 staff await termination letters - South-east Asia News & Top Stories - The Straits Times
I hope the numbers are well down on what the press are saying. Good luck to one and all at MAS.
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Malaysian Airlines "Bankrupt"
Sad news for 6,000 employees:
Malaysia Airlines 'technically bankrupt' - BBC News
Malaysia Airlines 'technically bankrupt' - BBC News
[email protected] sad, I know of all the allegations that MH was run badly but I found the sharp end people very nice. Had some great trips as pax, friendly crew , good legroom in Y and nice food too. Also a very nice J class experience
Hope they can sort themselves out and recover
Hope they can sort themselves out and recover
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The problem is that the 6000 employees of Malaysia being let go, will almost certainly not be the incompetent ones, or the ones who have jobs because of nepotism.
This is the hurdle that Mueller has to jump over, the fact that Malaysia runs on nepotism.
Maybe after a few hundred billion more ringgit of the Govt sink into an ever-widening black vortex, there will come a point where people in Malaysian businesses and Govt will be appointed on merit and management skills.
However, I won't hold my breath, waiting for that to come about.
This is the hurdle that Mueller has to jump over, the fact that Malaysia runs on nepotism.
Maybe after a few hundred billion more ringgit of the Govt sink into an ever-widening black vortex, there will come a point where people in Malaysian businesses and Govt will be appointed on merit and management skills.
However, I won't hold my breath, waiting for that to come about.
