Mas didn't have enough money to take delivery of the new Boeing aircrafts. Had no choice but for the Government to 'assist' and at the sametime, the Government can inject some cashflow to the company. Bet Mr 019 is still collecting his portion from the new delivery.
Doubt Mas can reborn commercially;
Almost all commercial decisions (e.g. VSS, cutting down on route, etc) to turn the company around had been overruled by political directives. Don't think there are much alternatives the top management can take to restore the airline to profitability. Guess Datuk MD will let the airline runs on auto-pilot very soon or the supreme executive chairman may run it from Putrajaya.
Apart from the top management (GM and above), nothing or very little has changed down the line. Same old corporate culture;
- the boss like the least performing guy, because he is the least threatening person.
- you get promoted by making blunders, coming from the same kampung as your boss, or your boss is your uncle's classmates, etc except work performance or ability.
- cost cutting, profit, breakeven, efficiency and return for shareholders is aliens in Mas culture.
- you never get rewarded by sticking your neck out except getting chopped.
BOLEHLAND BOLEH ...........!!!!