Finally, Idris Jala had discovered the solution to turnaround MAS.MAS, under Idris Jala's new plan, after the previous solutions had found little success, had decided that the fastest way to recover, is to ask the shareholders to pump in more money into MAS so that it can be used to wipe out the old debts and then incur new debts.
MAS will first seek RM1.6 billion from the shareholders from rights issue and then borrow more from banks. If possible EPF will be requested to play a vital role to support the financial turnaround.
Maybe, the government will have to come up with a couple billions more to help par down the debts.
This is the fastest way to turnaround, isn't it?
4 comments:
erm, isn't this erm...like the previous solutions...can i be a consultant to MAS too? i too have a brilliant turnaround strategy :D
Very simple. Just borrow ANOTHER USD50billion from the World Bank and plead bankruptcy when you can't pay back the interest. Hopefully the debt will be written off, as happened with several African countries last year.
Better still, sack the entire MAS management and let AirAsia take over its running.
...and prey on innocent patriotic passengers and make suckers of them!
As the Chinese would say, MAS is good for only "one-time" business.
Who in his right mind would want to travel on the airline again, given all the adverse publicity?
Yeah, turn around lah....Only in MAS ,the management get paid exorbitantly for screwing up everything...
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