Analysts and lessors say Malaysia Airlines has been beset by high costs, a messy strategy and a bloated workforce even after the restructuring.
In the price-sensitive domestic market, it faced rising competition from low-cost rivals AirAsia Group Bhd and Malindo Air, an offshoot of Indonesia’s Lion Air. “We’re at this stage because the airline has run out of money, run out of ideas and the government seems to have run out of patience with it,” said Shukor Yusof, an analyst at Endau Analytics.
“As a government you should be able to show some sense of responsibility,” Ismail told Reuters on Tuesday. “It’s damaging morale confidence. People don’t trust you now.”Zafrul is a director of Khazanah’s board, which is chaired by Prime Minister Muhyiddin Yassin, who is struggling to hold on to power.
Good. Enough bailing out these crooks who have been running the airline to the ground since chedetofficial 's ascension to the throne. Time to give the company a decent burial. malaymail staronline theSundaily
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Source: malaysiakini - 🏆 20. / 51 Read more »
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