leelaw
Posts: 4520
Joined: Sat May 29, 2004 4:13 pm

MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 3:40 am

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
Lex Ancilla Justitiae
 
lazyshaun
Posts: 550
Joined: Sat May 07, 2005 5:50 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 3:45 am

Bloody Hell, I didn't know it was that bad...
C'mon Malaysian, pull through!
I came. I saw. I conquered
 
gilesdavies
Posts: 2274
Joined: Tue Dec 02, 2003 7:51 pm

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 4:00 am

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!
 
ukkiwibird
Posts: 44
Joined: Sun Oct 23, 2005 2:48 pm

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 4:04 am

Never!!!! If bankruptcy happens to this company ,it can happen to any.
Good luck MH!
 
Lumberton
Posts: 4176
Joined: Fri Jul 29, 2005 7:34 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 4:07 am

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".
 
lazyshaun
Posts: 550
Joined: Sat May 07, 2005 5:50 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 4:16 am

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
 
kl5147
Posts: 286
Joined: Sun Aug 07, 2005 4:58 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 4:48 am

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!"
 
MalpensaSFO
Posts: 1110
Joined: Mon Feb 20, 2006 10:17 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 5:14 am

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.
TO FLY IS TO SERVE
 
A388
Posts: 7191
Joined: Mon May 21, 2001 3:48 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 8:12 am

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
 
donder10
Posts: 6944
Joined: Sun Oct 21, 2001 5:29 am

RE: MH Warns Of April Bankruptcy If No Cash Found

Wed Mar 01, 2006 6:30 pm

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.