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Tuesday 19 June 2012

MAS: More bailouts?

This article is wrong at so many levels:

http://www.nst.com.my/latest/mas-now-focusing-on-aircraft-replacement-plan-1.96052

Firstly, the PM is commenting on MAS is focusing on aircraft replacement. The PM is not the majority shareholder of MAS, neither is he the Chairman of MAS. Unless he was appointed the spokemen for MAS last night, what business has he to comment on MAS? Has the PM nothing else better to do? And why MAS only? Will he be lobbying for Proton, Felda, KTM, Pos Malaysia and the whole host of GLCs?

Next: Why on earth is MAS focusing on aircraft replacement? I really think they should replace the entire board. It must be replaced by a board of directors who has the balls to stand up to the government and say - don't interfere. Plus, a board that will do it without relying on bailouts.

Why am I commenting? Because, with all the bailouts, the rakyat would own most of MAS, especially the pensioners.

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