MAS To Discuss Radical Recovery Plan With Transport Ministry

Sepang – The management of Malaysia Airlines (MAS) will meet the Transport Ministry to discuss the national carrier’s radical recovery plan.

Transport Minister Datuk Seri Liow Tiong Lai said MAS needed to undertake a lot of changes in order to make its business viable.

“MAS needs to transform. They are undergoing some difficult times, and they will brief me very soon,” he told reporters here today after the launch of AirAsia X Bhd’s inaugural flight to Xi’an, China.

Liow said more details would be divulged after the meeting.

At its annual general meeting recently, MAS chief executive officer Ahmad Jauhari Yahya said the flag carrier needed a radical overhaul to survive as it has been in the red for the past three years.

In 2013, MAS’ losses rose to RM1.17 billion, nearly three times larger than its RM433 million loss recorded in 2012.

Meanwhile, Khazanah Nasional Bhd will roll out a plan to revive MAS within one year and all options are being considered at the moment. Khazanah Nasional owns 69.4% equity interest in MAS.

Meanwhile, Liow said the ministry was waiting for a proposal to build a second international airport in Kulim.

“We will study the proposal which was actually made more than 10 years ago. I will contact the person in charge so that they can give us the proposal,” said Liow.

The Kedah state government is mulling to have a second international airport in Kulim to cater for increased flights in the northern region.

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