Monday, June 3, 2019

Malaysia Airlines CEO Objects to Shutting Down Airline

Star Online today carries a headline that says Malaysia Airlines CEO (right) is objecting to shuttering the airline. 

I couldn’t help but laugh out loud after reading it! 

“Shutting down Malaysia Airlines would be a wrong move”, Izham Ismail was quoted as saying. 

He added that it will impact their 13,500 employees. I don’t doubt that he knows he will be one of them. For sure, he will lose his job, LOL! 

I'm sorry – I just find him absurdly amusing! The superficial schlemiel, that's him alright.

In March, Prime Minister Mahathir Mohamad had hinted the government was considering shutting down Malaysia Airlines among other options, including selling or refinancing the loss-making national airline. 

Let's be honest. Malaysia Airlines’ days as a national carrier are surely numbered as they have failed to meet their three-year target to be profitable. Instead they have been haemorrhaging since they went private in 2014. 

Khazanah Nasional which are MAS’s single shareholder, have spent RM6 billion ($1.5 billion) over the last three years trying to put the airline in the black again – but to no avail. 

Malaysians wonder if it is still worthwhile to keep this airline that is breaking the bank – and I, for one, don’t think it is worth it. Forget about sentiment – it’s time to pull the plug. 

BTW, watch this space on Kerala:

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