Thursday, 24 Oct 2019 07:11 AM MYTAccording to a PAC report, Khazanah managing director Datuk Shahril Ridza Ridzuan said the national carrier was supposed to break even in 2018 and become profitable this year. — Picture by Yusof Mat Isa
“What is the problem with Malaysia Airlines? The problem with Malaysia Airlines is actually a problem with our aviation industry as a whole,” Shahril told the bipartisan PAC when summoned in April to explain Khazanah’s massive RM6.3 billion loss.“If you look at Malaysia today, we actually have four home carriers ― Malaysia Airlines, AirAsia, AirAsia X and Malindo ― in the market of 30 million people and a massive oversupply where effectively you have roughly about 1.
He also warned that the situation is bound to get worse for the region, as it has the most number of new aircrafts coming in between AirAsia and Malindo’s parent group Lion Group over the next five years. He then suggested that typically to reduce the excess capacity in an industry, the weakest players would quit the market, or a consolidation of capacity and operation to rationalise the industry as a whole.
You don't have to look very far how this is going to act out. Best example is when Government decided to make our own cars in 1983. The key here is the Government making the cars.
Doa pekerja yang dibuang seramai 6000
Malaysia Airlines is weak, so pls quit
when you can't dance, you blame the floor 🕺
Just quit
And we wonder why malaysia is always behind. So afraid of competition and dependent on handouts and protectionism.
In charge of Khazanah ! Would not let him run a nasi leak stall, this is what you get when you promote Malays irrespective of ability, no wonder economy us going downhill.
What the f..k! It is called competition very few airlines have been cossseted and protectected like MAB this is the real world, survival of the fittest.
Probably someone got to quit not the airline. Guess who?
You mean weaker ones like Malaysia Airlines? He'll, that's already been proven!
_Kheri_ look at this 🤡 He just said : if u compete with the govt, u gotta lose.
The quality of the MD is highly questionable 🤔
Ok. Malaysia airlines close shop.
🤔 protectionist policy again? The biggest loser will be the rakyat
Not quit , merge lah
And we have this kind of fella running Khazanah! No wonder the Malaysian economy is in a cesspool!
A Big BS !!!...Taiwan have 23.78 millions population. less than Malaysia....Taiwan have 8 airlines companies and these companies still making profit....You talking Shit !!!
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