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Prime Minister Datuk Seri Anwar Ibrahim saysthe government would do anything to 'uplift' the struggling airline. — Picture via Facebook/Malaysia Airlines. For image info, go to https://www.malaymail.com/news/malaysia/2024/09/03/at-khazanahs-30th-anniversary-pm-anwar-says-putrajaya-remains-committed-to-keep-malaysia-airlines-parent-successful/149125
A more severe headache waiting for Khazanah - MAS
https://www.youtube.com/watch?v=fBEwZg5VqH4 (Why Malaysia Airlines Failed (But Singapore Airlines Didn't)
188,198 views Premiered on 14 Sept 2024
While Singapore Airlines has soared to unprecedented heights, Malaysia Airlines has plummeted into a crazy downward spiral. Why? Join us as we uncover the government interference, allegations of cronyism, mismanagement, and tragic events that have crippled the airline.
KUALA LUMPUR, Nov 3, 2024: As Malaysia’s so-called Sovereign Wealth Fund (SWF), Khazanah Nasional Berhad, is being probed by the Malaysian Anti-Corruption Commission (MACC) for its humongous RM43.9 million loss and fire sale of FashionValet.com. Khazanah has an even bigger financial headache.
That headache is Malaysia Airlines (MAS) which has been bailed out by the Malaysian governments (elected every five years) by the billions in at least three times.
Appointing incompetent Chief Operating Officers (CEOs) is a key problem for MAS' performance woes.
View the above video clip explaining why MAS is a failure but Singapore Airlines is a success.
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