MAS calms fears over AirAsia alliance
Malaysian Airline has reassured its workforce that it has nothing to fear from the share swap with AirAsia.
MAS chairman Tan Sri Md Nor Yusof said the ailing carrier must be allowed to focus on pulling itself out of its current financial crisis.
Yusof warned that MAS was in a dire condition and said that the ends of restoring the airline would justify the means.
“Malaysia Airlines is a very sick patient, and its condition is quite critical,” he said. “Indeed, there are a full range of prescriptions available. Judge us by the result, not by the choice of prescription.”
Yusof added that the board had full confidence in the management team despite the wariness expressed by union leaders who have complained of an “invasion” of former AirAsia personnel into key positions at MAS.
“The collaboration agreement between Malaysia Airlines and AirAsia is not part of the acute financial problems at Malaysia Airlines. It is part of the solution,” he added.
The carrier attributed its record losses last month to the increase in the price of fuel.
Ian Jarrett
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