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MH Warns Of April Bankruptcy If No Cash Found  
User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 3185 times:

Malaysia Airlines (MAS/MH) warns it will go bankrupt in April if it does not immediately restructure its business and raise cash.

http://www.flightglobal.com/Articles...kruptcy+if+cash+injection+not.html

9 replies: All unread, jump to last
 
User currently offlineLazyshaun From United Kingdom, joined May 2005, 548 posts, RR: 0
Reply 1, posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 3160 times:

Bloody Hell, I didn't know it was that bad...
C'mon Malaysian, pull through!



I came. I saw. I conquered
User currently offlineGilesdavies From United Kingdom, joined Dec 2003, 3001 posts, RR: 2
Reply 2, posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 3092 times:

Sad news it this does happen, as they are a great airline and are very competitively priced and offer good service on their routes.

The core of their business I assume is European Traffic, connecting to destinations in Asia and Australia. But their is strong competion from many carriers.

Airlines like Emirates do not help their cause!


User currently offlineUkkiwibird From New Zealand, joined Oct 2005, 59 posts, RR: 0
Reply 3, posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 3068 times:

Never!!!! If bankruptcy happens to this company ,it can happen to any.
Good luck MH!


User currently offlineLumberton From United States of America, joined Jul 2005, 4708 posts, RR: 20
Reply 4, posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 3052 times:

Quote:
It declines to disclose precisely how it will implement its turnaround plan. “The key to success is indeed in the execution of this plan and that is our secret,” Idris says.

Well, I hope the political will is extent to implement their "secret" plan. Isn't MH mostly government owned? I suspect much pain ahead for the employees here.



"When all is said and done, more will be said than done".
User currently offlineLazyshaun From United Kingdom, joined May 2005, 548 posts, RR: 0
Reply 5, posted (8 years 4 months 3 weeks 4 days 8 hours ago) and read 2996 times:

Giles, your right about Europen traffic. If tthey were to got bust you could bet BA and VS would buy their flights into KUL from LHR. Their 3xdaily 744 at LHR at present. Also all over Europe, European airlines will likely scope up routes from their hubs to KUL. I know MH are one of the biggest Asian carriers in Europe.

Another thing that wories me about a big airline going bust is that the Loco's will rule the roost in KUL...



I came. I saw. I conquered
User currently offlineKL5147 From Netherlands, joined Aug 2005, 320 posts, RR: 0
Reply 6, posted (8 years 4 months 3 weeks 4 days 7 hours ago) and read 2898 times:

Quoting Lazyshaun (Reply 5):
If tthey were to got bust you could bet BA and VS would buy their flights into KUL from LHR.

I wonder how Skyteam (AF/KL) will react on this.  Confused



"The world is just a click away!"
User currently offlineMalpensaSFO From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 4 months 3 weeks 4 days 7 hours ago) and read 2796 times:

Quoting Lazyshaun (Reply 5):
Giles, your right about Europen traffic. If tthey were to got bust you could bet BA and VS would buy their flights into KUL from LHR. Their 3xdaily 744 at LHR at present. Also all over Europe, European airlines will likely scope up routes from their hubs to KUL. I know MH are one of the biggest Asian carriers in Europe.

MAS is not going to vanish into thin air. Malaysia Airlines, will survive and the routes they maintain will be the most solid and cost productive. The bankruptcy rumors have come about due to years of trying to hit every nook and cranny they could. It has long been said that Malaysia Airlines expansion over the years was on a par with Korean, and Korean learned what they could and could not do before it was to late. Expect the same from Malaysia Airlines. Look for a fleet consolidation and flights to the Indian subcontinent to be either reduced or consolidated. Malaysia is now in dire need of a good medium range aricraft such as the 737-700, -800, -900 or A321, A320.

Quoting Gilesdavies (Reply 2):
The core of their business I assume is European Traffic, connecting to destinations in Asia and Australia. But their is strong competion from many carriers.

For years the Europe to Australia market was a cash cow for Malaysia. The focus is changing and Malaysia Airlines will be changing with it. Looks for reductions and destinations to be dropped left and right as a means to revamp the airline and provide a maximum profit potential. Look for Malaysia Airlines domestic service to go no frills, with the exception of key Malaysian cities which will maintain 3 and 2 class service. Also, look for additional connections to the resort destinations that draw so many to Malaysia.

The end of Malaysia Airlines, is not on the horizon. A reproduced, and efficient Malaysia Airlines is.


User currently offlineA388 From Netherlands Antilles, joined May 2001, 9708 posts, RR: 11
Reply 8, posted (8 years 4 months 3 weeks 4 days 4 hours ago) and read 2605 times:

There is another thread about this very same topic (click on link below):

http://www.airliners.net/discussions...eneral_aviation/read.main/2629694/

I didn't expect this to happen, MH seems to be in really serious problems. It also surprises me they announce this news soo late, they expect to be bankrupt in April of no rescue plan is executed? That's only about one month from now!! How can they come up with a solid plan to restructure such a big company? In any way I think this is going to be very tough on MH.

Regards,

A388


User currently offlineDonder10 From Canada, joined Oct 2001, 6659 posts, RR: 22
Reply 9, posted (8 years 4 months 3 weeks 3 days 17 hours ago) and read 2338 times:

Quoting Gilesdavies (Reply 2):
The core of their business I assume is European Traffic, connecting to destinations in Asia and Australia. But their is strong competion from many carriers.



Quoting MalpensaSFO (Reply 7):
For years the Europe to Australia market was a cash cow for Malaysia.

Maybe Europe was once a cash cow for MH but at the moment not ONE of their European routes makes money for them. Source: their restructuring plan.


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