PPRuNe Forums - View Single Post - Etihad...they gotta be kidding
View Single Post
Old 25th Jan 2005, 07:39
  #38 (permalink)  
ManaAdaSystem
 
Join Date: Aug 2000
Posts: 1,501
Likes: 0
Received 0 Likes on 0 Posts
The MAS pilots have a clear advantage over western pilots; The Malaysian currency is pegged to the dollar. They are protected against currency fluctuations as the rate between the Dirham and Ringgit is fixed.

If the Malaysian gvt decides to depeg, and if (as most seem to believe) the Ringgit is undervalued, they could be looking at an instant pay cut of 10-40%.

Pure speculation, but there are strong rumors they may let the Ringgit float sometime this year.
ManaAdaSystem is offline