MAS fare UP!

Fare increase will save MAS?

There had been few rounds of fare increase over the past periods, including the restructuring of its massive debts which was transferred to PMB, a newco created to absorb the debts so as to permit MAS to re-begin on a clean sheet in their books.

In Oct 26, 2005, it was reported that Penerbangan Malaysia Bhd (PMB) was looking for new financing options following its recent deferment of it’s US1 Billion (RM3.7 Billion) bond sale. It was crucial to help the debt refinancing.

Again, after the billions been clean up of MAS, they are now back in the RED and PMB is having a bad asthma trying to pay it's acquired debts.

Now, MAS claim that this latest increase will help MAS fly back into the black.

Maybe, for a while, then, therafter, they will be a need for a far greater dosage of adrenaline shot in the ass.