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Malaysia Airlines to be privatised after plane disasters

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Malaysia Airlines to be privatised after plane disasters

Old 8th Aug 2014, 03:34
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Malaysia Airlines to be privatised after plane disasters

I guess this was inevitable really.


Malaysia Airlines to be privatised after plane disasters
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Old 8th Aug 2014, 05:37
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Wishing them all the best. I have fond memories flying on MH.
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Old 8th Aug 2014, 06:08
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For privatisation, they're going to be needing to find some well-heeled investors, each with a Scrooge McDuck-sized money bin, carrying 5kg cojones, and a willingness to bet everything on an industry, in which very few companies are making any money right now. Nor does the foreseeable future look any better, profit-wise.

I guess if the investors get a Govt guarantee, and own aircraft leasing companies, aircraft maintenance companies, airports, and a heap of all the other airline supporting industries, they might be prepared to risk a ringgit or three.

I'll quietly wager the Oracle of Omaha won't be one of those private investors.
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Old 8th Aug 2014, 06:41
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Privatisation in this sense, confusingly, means the opposite of the more common usage. MH was already listed on the stock exchange, but now the government will buy all the shares held by investors (through state-owned Khazanah) and restructure it.

Any reasonable person would say the airline is being nationalised, but investment bankers don't like to use terms like that.
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Old 8th Aug 2014, 06:55
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The state-run investment agency already owns about 70% of the company and is buying back the remaining shares for about 8 cents per outstanding share. Of course, you could have read the article at the start of the thread and answered your own questions.
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Old 8th Aug 2014, 08:21
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Malaysia Airlines outlines its Future

https://au.news.yahoo.com/thewest/a/...ysia-airlines/


Interesting article.


Its sad for these two disasters that have occurred but with the impending privatisation where to for Malaysia Airlines?


Route culls?


Rebrand? Air Malaysia?


Sadly one would think that one of the areas would be layoff of staff.


What does everyone else think?
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Old 8th Aug 2014, 08:27
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Originally Posted by AirWest View Post
What does everyone else think?
I think you should have checked to see if a similar topic was running before you started this one.

I also think this belongs in Airlines, Airports etc.....
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Old 8th Aug 2014, 08:33
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After two serious losses so close together and even the tragic stabbing of two students in Borneo it was inevitable that this would have to happen.

I would say, currently, the word Malaysia itself is toxic.

The stabbing are obviously not aviation related but nevertheless bring Malaysia to the worlds attention in a negative light.

Rebranding the airline without the use of the the word must be high on the agenda I would have thought.

Sad indeed and I hope the employees are not the ones to suffer most.
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Old 8th Aug 2014, 08:51
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I would have thought that privatising any operation when it is in the depths of despair is plain stupid. The majority shareholder should be doing everything it can to get the outfit up and running with head held high again before trying to flog it.

PS: Nice to see the peanut gallery is in action...

And now I've read the other thread. I never was very good at economics. I didn't realise that "privatise" means "nationalise".
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Old 8th Aug 2014, 09:29
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Privatised ?

According to my information the airline will be taken over by the government, rather than privatised ?
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Old 8th Aug 2014, 09:39
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buy it cheap, work on it then flip it? Many investment agencies have done it before. Look at 3i with Go
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Old 8th Aug 2014, 10:53
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Well, privatisation is not considered at all.

In the opposite, the government will take over the remaining 30%. They are holding 70% already.
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Old 8th Aug 2014, 13:50
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What does everyone else think?
Removal of 777's. I believe they were due to go in 2015 anyway
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Old 8th Aug 2014, 17:34
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I too have fond memories of Malaysian and whatever happens wish them a wonderful future when the current dark clouds begin to fade. They have been around in the current guise for donkeys years and still portray a 1970's image so an update in branding was probably long overdue anyway.
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Old 8th Aug 2014, 17:39
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I flew between CPT and BUE several times when MH operated that route. I always enjoyed the onboard service and comfort, even in economy class, but will always remember the kindness of one cabin crew who, when I boarded in BUE with a bandaged hand and arm after a minor accident, asked me to wait by the door. I feared they were going to deny me boarding without a medical certificate, but they came back and escorted me to first class where I was looked after like royalty. I wanted to stay on the plane all the way back to KUL!
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Old 8th Aug 2014, 23:57
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@jmmilner - Unfortunately, I wasn't able to open the initial link, so I didn't get the fine details. I was presuming that "privatisation" meant finding a group of independent investors to pour money into the company, which is quite often the procedure involved in privatisation.
If all the money being poured into the Malaysia Airlines privatisation is coming solely from the Malaysian Govt, then they're taking a huge gamble with the countrys sovereign wealth fund, that looks like a seriously bad bet to me.
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Old 9th Aug 2014, 08:27
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If all the money being poured into the Malaysia Airlines privatisation is coming solely from the Malaysian Govt
As with all 'government' money, it's derived largely from tax revenues.
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Old 11th Aug 2014, 10:59
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MH

I'm an Enrich member and use MH for my trips from LHR to Australia in business.

In my opinion they are excellent in every respect, their lounges, service and cabin crew and right up there.

I really hope they can sort out their problems.
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Old 13th Aug 2014, 13:24
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Have to agree Crusher. As a BA Executive Club member I used MH for the first time LHR/MEL in January and Back in Feb. The 380 was amazing, the 777 was a tad tired looking and seats etc not up to the same standard

However, the food and cabin service were totally amazing, by far the best business service I have experienced and very consistent.

I wish everyone in MH all the best for the future and for those unfortunate enough to have been directly involved in the two incidents, to Rest In Peace.
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Old 13th Aug 2014, 18:07
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MH

Just received this:

Last Friday, 8 August 2014, Malaysia Airlines received a letter from our majority shareholder, Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia, on its intention to take full ownership of our Company and delist it from trading on Bursa Malaysia (the Malaysian stock exchange). The process will take several months to complete; most likely till the end of the year.

We wish to assure our Enrich members and customers that Malaysia Airlines' flights, schedules and reservations will operate as planned. Our partnerships and all benefits and rewards of being part of oneworld will continue as well.

At Enrich, our commitment to serve remains just as strong, and we look forward to welcoming you on board Malaysia Airlines on your next travels.

Thank you for your continued trust and patronage.

Sincerely,

Khairul Nisa Ismail
Vice President, Loyalty

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