Where do we go now..(MAS ONLY)
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Unluckpilot its not for me to contradict that theres no place like home, but if you ARE in the US why the hell you want to come back to all that crap that the guys just told you about?
Unlike a lot of countrys around here institutionalised racism is ilegal in the US. Not sayin Malaysias that bad a place but surely the US "padang" is more "hijow"? Just ask that Malaysian actress who made it big with her Bond movies.
Unlike a lot of countrys around here institutionalised racism is ilegal in the US. Not sayin Malaysias that bad a place but surely the US "padang" is more "hijow"? Just ask that Malaysian actress who made it big with her Bond movies.
Join Date: Apr 2002
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Expat Hiring
Can anyone from the company or outside for that matter, advise me on the right person to contact in regards to pilot hiring. I'm a UK citizen with type ratings on the A330 and A320. Any help will be greatly appreciated.
Is the company hiring Expat??? I have sent a CV to Mr Mohsin. is he the right person to contact?? thank you.
Ex330
Is the company hiring Expat??? I have sent a CV to Mr Mohsin. is he the right person to contact?? thank you.
Ex330
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MAS does not have 320s and there are no expats on the 330, 777 and the 744. These are reserved for the locals. Expats only on F50, 737 and 742/3.
Mohsin receives applications but forwards them to the Gods who will totally disregard them unless you are a personal friend of 001 and the short general.
Don't waste your time. Most of the Gods are only in temporary residence. The new Gods are not going to be any better. The only difference will be that their knives will be sharper.
Mohsin receives applications but forwards them to the Gods who will totally disregard them unless you are a personal friend of 001 and the short general.
Don't waste your time. Most of the Gods are only in temporary residence. The new Gods are not going to be any better. The only difference will be that their knives will be sharper.
Join Date: Jul 2001
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From The Business Times, Singapore
9 August 2002
Authorities to probe MAS plan to cut fares
Move follows unfair competition claims by rival Air Asia
By Diana Oon Abdullah
Malaysia Airlines' plans to cut prices for its domestic routes has led
government authorities to step in following claims of unfair
competition by MAS' competitor, Air Asia.
The national carrier said last week it would slash prices for 14,000
seats by up to 50 per cent each week from Aug 22. Earlier this month,
MAS said it would operate the domestic air routes but would transfer
ownership of the loss-making business to the government.
Air Asia, which currently offers no-frills travel for between 60 and
70 per cent less than MAS' current fare, has claimed that the
Malaysian national carrier's price cuts are not based on bottom-line
considerations.
Air Asia chief executive Tony Fernandes also alleged earlier this week
that news of MAS cuts directly affected the airline's negotiations
with a potential investor. He added that bookings had fallen by 30 per
cent on news of the cuts. He has proposed to the government that MAS'
price cuts be limited to routes which Air Asia does not serve.
Malaysia's Transport Minister Ling Liong Sik said earlier this week
that his ministry would be meeting both airlines to ensure that the
cuts in airfares were part of 'fair and healthy competition',
promising to balance consumers' interest with long-term financial
viability.
MAS' price cuts come just a year after it raised domestic air fares by
an average of 52 per cent last August, and the airline claimed in
March this year that revenues increased by 11 per cent from the move,
despite a 17 per cent drop in passenger volumes.
Critics have questioned whether the move to reduce the airfares is
nothing more than a thinly disguised attempt to regain a monopoly of
the domestic flight sector before reinstating higher fares in the
future.
Air Asia, formerly owned by DRB Hicom, was bought by its present
owners at the end of 2001, and currently uses five aircraft to serve
seven domestic routes.
Its brand of no-frills travel does away with seat numbers and
in-flight refreshments, and uses a ticketless central call booking and
autopay system.
9 August 2002
Authorities to probe MAS plan to cut fares
Move follows unfair competition claims by rival Air Asia
By Diana Oon Abdullah
Malaysia Airlines' plans to cut prices for its domestic routes has led
government authorities to step in following claims of unfair
competition by MAS' competitor, Air Asia.
The national carrier said last week it would slash prices for 14,000
seats by up to 50 per cent each week from Aug 22. Earlier this month,
MAS said it would operate the domestic air routes but would transfer
ownership of the loss-making business to the government.
Air Asia, which currently offers no-frills travel for between 60 and
70 per cent less than MAS' current fare, has claimed that the
Malaysian national carrier's price cuts are not based on bottom-line
considerations.
Air Asia chief executive Tony Fernandes also alleged earlier this week
that news of MAS cuts directly affected the airline's negotiations
with a potential investor. He added that bookings had fallen by 30 per
cent on news of the cuts. He has proposed to the government that MAS'
price cuts be limited to routes which Air Asia does not serve.
Malaysia's Transport Minister Ling Liong Sik said earlier this week
that his ministry would be meeting both airlines to ensure that the
cuts in airfares were part of 'fair and healthy competition',
promising to balance consumers' interest with long-term financial
viability.
MAS' price cuts come just a year after it raised domestic air fares by
an average of 52 per cent last August, and the airline claimed in
March this year that revenues increased by 11 per cent from the move,
despite a 17 per cent drop in passenger volumes.
Critics have questioned whether the move to reduce the airfares is
nothing more than a thinly disguised attempt to regain a monopoly of
the domestic flight sector before reinstating higher fares in the
future.
Air Asia, formerly owned by DRB Hicom, was bought by its present
owners at the end of 2001, and currently uses five aircraft to serve
seven domestic routes.
Its brand of no-frills travel does away with seat numbers and
in-flight refreshments, and uses a ticketless central call booking and
autopay system.
Join Date: Jul 2001
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From The Business Times, Singapore
23 August 2002
MAS minorities should take heart
Latest debt revamp, management drive may yield turnaround remedy
By Eddie Toh
THE share price of Malaysian Airline System has not taken off even
though the company unveiled a scheme last month to return to the black
and wipe out its debts. The counter closed at RM3.54 on Friday - below
the RM3.86 level when the plan was announced.
The timing of the announcement was unfortunate. Like other bourses,
the Kuala Lumpur Stock Exchange has been seeing rather bearish
sentiment over the past few weeks. The composite index breached 800
points in April but has since retreated to last week's 736.6.
And investor interest in airline stocks has not fully recovered since
the debilitating effects of the Sept 11 terrorist attacks in the US.
But general market sentiment aside, investors remain sceptical about
the latest MAS scheme. Some investors don't like the idea of a virtual
airline as the company would not own any tangible asset. MAS plans to
sell all its major properties and entire fleet of commercial planes to
the government and lease them back for more than RM1.3 billion a year.
The assets include its corporate headquarters and buildings at the
Kuala Lumpur International Airport. Its fleet of 81 planes - excluding
its corporate jet - will be transferred to the government as well. MAS
is also divesting a 70 per cent interest in its catering business to a
unit partly owned by the catering arm of German carrier Lufthansa.
However, that's only half the equation. Investors should note that MAS
would also transfer its huge liabilities to the government instead of
receiving cash for some of the assets.
As the liabilities exceed the value of the assets to be transferred to
the government, MAS will issue new shares at RM3.85 apiece to
government-owned Penerbangan Malaysia Berhad (PMB). As a result, PMB
is set to own 69.4 per cent of MAS.
Perhaps, investors are disappointed that PMB has sought a waiver from
making a general offer for the rest of the company despite breaching
the 33 per cent general offer threshold. After all, this is the second
time that minority shareholders have missed the opportunity to cash
out.
Two years ago, the finance ministry - then headed by Daim Zainuddin -
bought a 29.09 per cent stake of MAS from his protege Tajudin Ramli
for RM1.8 billion, or RM8 per share. The ministry and state agencies
acting in concert - pension funds Kumpulan Wang Amanah Pencen and the
Employees Provident Fund - ended up with over 70 per cent of MAS.
However, they managed to secure a waiver from making an expensive
buyout.
A general offer at RM8 - slightly below Mr Tajudin's investment cost
of RM8.70 in 1995 - would have cost the government in excess of RM6
billion.
Mr Tajudin walked away with RM1.8 billion in cash even though MAS had
haemorrhaged over the past five years. And its debts had ballooned to
over RM9 billion, partly due to the depreciation of the Malaysian
currency.
The government has had no choice but to step in again to salvage the
airline, which has a staggering gearing of over seven times.
In the latest revamp, Nor Mohamed Yakcop, special adviser to Prime
Minister Mahathir Mohamad, has structured a fairer deal instead of
bailing out any shareholder.
Minority shareholders won't have to come up with any money to rescue
the national airline, which is technically insolvent.
Apart from assuming the liabilities of MAS, losses from operating the
domestic routes will be accrued to the government.
In other words, minority shareholders will get an airline with a clean
balance sheet and earnings potential for the first time in five years.
At the same time, the public will not be short-changed as the
government will get MAS assets in exchange for assuming the
liabilities. The government will also charge MAS rental for the usage
of the assets.
In addition, the new management is showing greater resolve to add
value to the airline business . For instance, MAS is working hard to
compete with no-frills newcomer Air Asia. MAS could also end its days
of going solo and join one of the global alliances.
With the latest debt restructuring and the new management drive, MAS
stands a better chance to return to the black and compete with the big
boys like Singapore Airlines.
23 August 2002
MAS minorities should take heart
Latest debt revamp, management drive may yield turnaround remedy
By Eddie Toh
THE share price of Malaysian Airline System has not taken off even
though the company unveiled a scheme last month to return to the black
and wipe out its debts. The counter closed at RM3.54 on Friday - below
the RM3.86 level when the plan was announced.
The timing of the announcement was unfortunate. Like other bourses,
the Kuala Lumpur Stock Exchange has been seeing rather bearish
sentiment over the past few weeks. The composite index breached 800
points in April but has since retreated to last week's 736.6.
And investor interest in airline stocks has not fully recovered since
the debilitating effects of the Sept 11 terrorist attacks in the US.
But general market sentiment aside, investors remain sceptical about
the latest MAS scheme. Some investors don't like the idea of a virtual
airline as the company would not own any tangible asset. MAS plans to
sell all its major properties and entire fleet of commercial planes to
the government and lease them back for more than RM1.3 billion a year.
The assets include its corporate headquarters and buildings at the
Kuala Lumpur International Airport. Its fleet of 81 planes - excluding
its corporate jet - will be transferred to the government as well. MAS
is also divesting a 70 per cent interest in its catering business to a
unit partly owned by the catering arm of German carrier Lufthansa.
However, that's only half the equation. Investors should note that MAS
would also transfer its huge liabilities to the government instead of
receiving cash for some of the assets.
As the liabilities exceed the value of the assets to be transferred to
the government, MAS will issue new shares at RM3.85 apiece to
government-owned Penerbangan Malaysia Berhad (PMB). As a result, PMB
is set to own 69.4 per cent of MAS.
Perhaps, investors are disappointed that PMB has sought a waiver from
making a general offer for the rest of the company despite breaching
the 33 per cent general offer threshold. After all, this is the second
time that minority shareholders have missed the opportunity to cash
out.
Two years ago, the finance ministry - then headed by Daim Zainuddin -
bought a 29.09 per cent stake of MAS from his protege Tajudin Ramli
for RM1.8 billion, or RM8 per share. The ministry and state agencies
acting in concert - pension funds Kumpulan Wang Amanah Pencen and the
Employees Provident Fund - ended up with over 70 per cent of MAS.
However, they managed to secure a waiver from making an expensive
buyout.
A general offer at RM8 - slightly below Mr Tajudin's investment cost
of RM8.70 in 1995 - would have cost the government in excess of RM6
billion.
Mr Tajudin walked away with RM1.8 billion in cash even though MAS had
haemorrhaged over the past five years. And its debts had ballooned to
over RM9 billion, partly due to the depreciation of the Malaysian
currency.
The government has had no choice but to step in again to salvage the
airline, which has a staggering gearing of over seven times.
In the latest revamp, Nor Mohamed Yakcop, special adviser to Prime
Minister Mahathir Mohamad, has structured a fairer deal instead of
bailing out any shareholder.
Minority shareholders won't have to come up with any money to rescue
the national airline, which is technically insolvent.
Apart from assuming the liabilities of MAS, losses from operating the
domestic routes will be accrued to the government.
In other words, minority shareholders will get an airline with a clean
balance sheet and earnings potential for the first time in five years.
At the same time, the public will not be short-changed as the
government will get MAS assets in exchange for assuming the
liabilities. The government will also charge MAS rental for the usage
of the assets.
In addition, the new management is showing greater resolve to add
value to the airline business . For instance, MAS is working hard to
compete with no-frills newcomer Air Asia. MAS could also end its days
of going solo and join one of the global alliances.
With the latest debt restructuring and the new management drive, MAS
stands a better chance to return to the black and compete with the big
boys like Singapore Airlines.
Join Date: Apr 2001
Location: Far East
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Having set the debt restructuring program in motion, I wonder why the Chief Financial Officer suddenly resigned. Of all the people, we need this man to see the program through. Further, he was specially brought in by the MD, now he's gone. Anybody knows the real story. It was in the newspapers, but I thought the reason he gave for leaving was "diplomatic". I am looking north east and south man. Is it true that when the CFOs of companies suddenly leave or resign, its an uncanny indication that the company's going down?
Join Date: Feb 1999
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Slasher you poor bar steward
Com'on guys, give Slasher a cheerie word, he's always entaining us on this site, and makes great contributions. Lets just tell him in the true Malaysian way, that we are all very sad to hear of his lose, his burnt house.. Slash, wanna see you on line again soon, and hope that the insurance (is that possible there?) pays for your loses as well.
Onya Slash.
Onya Slash.
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Bob thanks anyway but Im not after cheery words or sympathys. I was just tellin you why I havent been around last few months. Sh!t happens mate.
I was rentin the pad that was burnt down so its the land-lords problem. Wether he was insured I dont know and I dont care. My personal stuff (contents) was insured with a USA company as the local bloodey commie ones cant be trusted. I got the cheque a month ago.
Hardest part of the physios done and my leg-skin and muscles are in better shape.
I was rentin the pad that was burnt down so its the land-lords problem. Wether he was insured I dont know and I dont care. My personal stuff (contents) was insured with a USA company as the local bloodey commie ones cant be trusted. I got the cheque a month ago.
Hardest part of the physios done and my leg-skin and muscles are in better shape.
