Among others factual information:
1. MAS total debt is approximately RM 10 billion, mainly due to commercial loans to purchase the new jets. This event happened during the last Empire of TR.
2. MAS needs at least 90% load per year just to break even the cost of operation, which is almost impossible !!! The best load was last year, approximately 77%.
3. MAS didn't 'hedge' the fuel price when it was low although was advised to do so by some experts in the company. Today SQ is paying almost half of what MAS is paying for the fuel.
4. MAS has almost 22,000 employees with about 80 aircrafts in fleet. CX has 70 jets in fleet with only 14,000 employees.
Therefore, who runs the company doesn't really matter now as MAS is just another RENONG. The recommended solution by some experts is to shut down and re-set up the company (hopefully it won't happen).
So guys, think wisely of your future and blaming people in flt ops only doesn't really help. Who to be blamed? Just ask yourself.............
