My Anthem

Wednesday, May 27, 2015

MAY DAY arrested for SIA, MAY DAY forever FOR MAS!

AR THOU SURPRISED? DESI"S IS knot!:)

FRom the malaysianinsider.com, my fave ONLine newsdaily:)~~~

Close call for Shanghai-bound SIA flight after double engine failure


Published: 27 May 2015 8:04 AM

A potential tragedy was averted last Saturday when a Singapore Airlines (SIA) flight to Shanghai suffered a loss of power to both engines.

Singapore's Straits Times reports that the incident on SIA flight SQ836 occurred at an altitude of 39,000 feet, about 3.5 hours into the flight amid bad weather.

"Both engines experienced a temporary loss of power and the pilots followed operational procedures to restore normal operation of the engines" the airline's spokesman was quoted as saying by the daily.

There were 194 on board – comprising 182 passengers and 12 crew – the flight which was operated by an Airbus A330-300, with Rolls-Royce engines.

According to Reuters, aviation websites reported on the incident, stating that power to both engines was restored after the pilots staged a partial descent.

An Airbus spokesman told Reuters, "we are in contact with the airline and Rolls-Royce to determine the cause of this incident,"

The Straits Times report added that no anomalies were found when the engines underwent a thorough inspection and testing upon arrival in Shanghai. – May 27, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/close-call-for-shanghai-bound-sia-flight-after-double-engine-failure#sthash.NWqa8n9f.dpuf


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BLOGGER DESI'S NOTE: NOW> BE a goode boy/gal/inbtWIN, PLS GO TO THE malaysianinsider.com news site and read the TWO MAY DAY ITEMS,  namely: MAS EMPOLYEES UNION FACES DISSOLUTION! & WANTON WASTE AND DECLINE OF THE MALAYSIAN AIRLINE SYSTEM through the DECADES after the SINgapore/MALAysian airline split when SINGAPURA WAS SACKED TWO YEars after joining the UNIOn! AH, remember the goode olde days? when privatisation was profitable, later thened by UMNO_OH-NO! into PIRATISATION! MAYBE we should invite JOHNNY DEPP TO ru(I)n the ship eh!

MAY DAY1 for MAS!

No room for staff unions as MAS ‘reboot’ takes off in September
BY MD IZWAN
Published: 27 May 2015 6:59 AM
 The pillar of the airlines... the employees of MAS will not be allowed to be represented in the newly-restructured national carrier which takes over operations from September 1 this year. – The Malaysian Insider file pic, May 27, 2015.MAS Employees Union (Maseu), the airline's biggest and most powerful workers union, will effectively cease to exist once Malaysia Airlines (MAS) completes its restructuring exercise.
 Maseu, which represents some 13,500 MAS employees, is expected to be dissolved as the new management has indicated that the union did not have a place in the new company, which will start operations on September 1.
The union, resigned to this for the moment, is looking at turning itself into a cooperative in the new entity.
Maseu executive secretary Mohd Jabarullah Abd Kadir confirmed this and told The Malaysian Insider that two extraordinary general meetings had been held recently to discuss the possible dissolution of the union.
"We've decided in the meeting that firstly, we will have to dissolve the union and secondly, maybe turn it into a cooperative," he said.
Jabarullah said although the union had held two extraordinary general meetings, the most recent being on May 18, the matter would still need to be discussed further and members will have to vote at another meeting.
"We will make this a secret ballot to find out what the members want," he said.
Jabarullah said the union had to take this drastic measure because under Khazanah Nasional Berhad's plan to return the troubled airline to profit, the new management does not recognise the union.
"We have to do this because the new management does not recognise us as a union," he said.
Saddled with debts and the twin tragedies of MH370 and MH17, the government through its investment arm Khazanah Nasional, is on a last-ditch effort to revamp ailing MAS.
It was reported that the service of 20,000 MAS employees would be terminated but two-thirds would be re-hired by a new company, MAS Bhd, which will begin operations on September 1.
It was understood that the new company wants to form a union consisting of their own people, those who are friendly to the management.
Jabarullah said the new management's reluctance to recognise Maseu as a union stems from the new MAS Act which is at odds with the Employment Act 1955.
It was reported that MAS has an existing workforce of 20,000, of which some 6,000 to 8,000 are expected to be laid off by Khazanah as part of its RM6 billion restructuring plan.
There are at least nine workers unions and associations in MAS. Apart from Maseu, others include National Union of Flight Attendants Malaysia (Nufam) which represents about 1,500 cabin crew members, Malaysia Airlines Employees Union Peninsular Malaysia and the Malaysia Airlines Pilot Association.
Jabarullah said staff will probably receive two letters – the first one for termination of their services with MAS and the second, either an offer to join MAS Bhd or to report to the Corporate Development Centre (CDC), set up to retrain the sacked workers.
Meanwhile, a MAS engineer identified as Shukri said that with the dissolution of Maseu, he and the others are worried whether the welfare of workers will be protected in the new company.
"It seems that the union can’t do anything, they're going to have to be dissolved.
"With MAS gone, automatically the union will be finished. Most likely the new company might not have any union at all," he said.
 Meanwhile, Malaysian Trade Union Congress (MTUC) secretary-general N. Gopal Kishnam (pic) said Maseu should not take such a drastic measure.
"It is not proper, why do they want to dissolve the union. They should continue to fight for the workers' rights?" he said.
This came after Khazanah unveiled a 12-point plan to enable MAS to achieve sustained profitability within three years of de-listing, by the end of 2017.
Its managing director Tan Sri Azman Mokhtar said the plan involved a comprehensive overhaul of the airline and has four categories which are governance and financial framework, operating business model, leadership and human capital, and regulatory and enabling environment. – May 27, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/no-room-for-staff-unions-as-mas-reboot-takes-off-in-september#sthash.xNwOg9Zz.dpuf

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MAY DAY2 for MAS!





The 21 years of mismanagement that brought MAS to its knees
By RAM ANAND
Published: 27 May 2015 6:59 AM
National carrier MAS has suffered years of mismanagement and previous efforts to steer the company on to better fortunes failed to deliver the results hoped for, say most observers. – The Malaysian Insider file pic, May 27, 2015.National carrier MAS has suffered years of mismanagement and previous efforts to steer the company on to better fortunes failed to deliver the results hoped for, say most observers. – The Malaysian Insider file pic, May 27, 2015.Beginning September, Malaysia Airline System Bhd, the company Malaysians know as the national carrier since 1972, will cease to exist.
It would instead be replaced by a new company, Malaysia Airlines Bhd, to be fully owned by Malaysia’s sovereign wealth fund Khazanah Nasional before a planned re-listing in Bursa Malaysia by 2019.
This, however, is not the first time MAS has been subjected to a turnaround plan or a bid to save the airline. It has happened several times over the course of 22 years, beginning in 1994.
This is the most comprehensive restructuring plan that MAS has been subjected to though. One that will involve a rigorous cutting down of its air travel routes and its workforce, likely to reduce it to a regional airline.
But this will only work if the government and those helming this restructuring plan heed the lessons of the past.
It all began in 1994 when businessman Tan Sri Tajudin Ramli took loans from several government-linked companies totalling RM1.79 billion and then used the money to buy a controlling stake in MAS, a move that cost the government dearly some seven years later.
Then the CEO of MAS, Tajudin was badly affected by the 1997 Asian financial crisis, and the government eventually bought MAS back from Tajudin for RM8 a share - the exact price Tajudin had paid seven years before. The only difference was, this time, MAS was lingering near bankruptcy.
It had bled RM256 million in the fiscal year ending 1998 and by the fiscal year ending 2000, it bled a further RM255.7 million after tax losses. When the government bought back the controlling stake from Tajudin, the share price on the market was only RM3.68 per share.
Government linked company Danaharta eventually opted for an out of court settlement with Tajudin despite winning a legal case over the RM589 million in loans owed by Tajudin to the company.
Back in the government’s hands, MAS reported a loss of RM 1.3 billion in 2005, prompting another turnaround plan that saw them appoint current Performance and Delivery Unit (Pemandu) chief Datuk Seri Idris Jala (pic) as its CEO.
For many, Idris’ tenure was the only silver lining for a company that has otherwise made a habit of bleeding money annually.
In 2007, they recorded a profit of RM852 million, the highest in MAS history, and followed up with RM522 million profit in 2009, just before Idris took over as Pemandu CEO under Prime Minister Datuk Seri Najib Razak’s administration.
But for DAP’s Kluang MP Liew Chin Tong, a keen observer of MAS history over the years, the current state of MAS necessitates calling into question the sustainability of what Idris did during his time helming the airline.
“His whole tenure should be called into question. It shows that his turnaround had not succeeded, as what he did was to basically cut the muscle of MAS – he cut the expenditure, killed the morale of the staff, and he killed that talent pool,” Liew told the The Malaysian Insider.
He said that for all of MAS’ troubles, the workers have become an easy “punching bag” for the company.
MAS is expected to sack their entire staff and only retain about two-thirds of them for the new company, meaning that more than 8,000 people stand to lose their jobs.
“The way Idris handled MAS, resulted in a huge number of talented people deciding to move away – it’s a vicious cycle. The current CEO (Christoph Mueller) is doing exactly the same thing,” he said.
Liew said that the company is currently merely “chopping people’s jobs” to have a turnaround of fortunes.
“You have to ask if MAS actually has the talent and the morale to carry on. After all, you are running a service industry,” he said.
Two years after Idris left his post, MAS suffered one of the most historic losses in aviation industry, a staggering RM2.5 billion in 2011.
They made a profit of RM430 million the following year, but lost RM1.16 billion in 2013.
In 2014, they lost two planes – first on March 8, flight MH370, en route to Beijing from Kuala Lumpur, disappeared while leaving Malaysian airspace. What happened to the plane remains one of the biggest mysteries in aviation history.
Just four months later, on July 17, flight MH17, en route to Kuala Lumpur from Amsterdam, was said to have been shot by a ground-to-air missile while flying 30,000 feet over a conflict zone in Ukraine. None of the 298 passengers and flight crew survived.
These incidents forced Khazanah to finally de-list MAS and take it private last year, paying RM1.38 billion to compensate minority shareholders, before embarking on this major restructuring plan.
The latest state injection into MAS, from Khazanah, will be RM6 billion.
But, this was not the first time the state has injected money into MAS. Over the past 10 years, MAS is estimated to have lost RM10 billion of state money that was injected into it, according to former Prime Minister Tun Dr Mahathir Mohamad.
Overall, it is estimated that MAS lost upwards of RM20 billion of taxpayers’ money since 1994.
When it recorded its RM1.16 billion loss in 2013, the airline was bleeding between RM4 million and RM5 million daily.
The latest injection may not be the first, but with MAS having suffered such heavy losses for two decades now, the latest revival attempt will likely be a final attempt at putting the national carrier’s accounts back in the black. – May 27, 2015.
- See more at: http://www.themalaysianinsider.com/malaysia/article/the-21-years-of-mismanagement-that-brought-mas-to-its-knees#sthash.c3VDor3H.dpuf



DESIDERATA: AFTER Getting some quick TechLessons from IPOhlang aweofhelen, DESi learnt some byes and managed to R&P THE above two news reports from the amalysianinsider. NOw can you ER please tapau TWO OR THREE PAckets of NASi Braverani for us? TERima kasih, YL, DESi

PS: THIS allof.... at wordpress.com also helped me C&P the MELODY aka S.W.A.L.K ITEM that gave DESi such MElodic ECstasy in my prior blogpost, do you see? OR hear? THAnks, IPOhlang BUMmer matey, YL, Desi, NOW Click on the anthem above, FIRST OF MAY, ALSO the heARTWORk of aweof...... THANK YOU, TERimaKAsih, XIe XIe.
ost powerful workers union, will effectively cease to exist once Malaysia Airlines (MAS) completes its restructuring exercise.
Maseu, which represents some 13,500 MAS employees, is expected to be dissolved as the new management has indicated that the union did not have a place in the new company, which will start operations on September 1.
The union, resigned to this for the moment, is looking at turning itself into a cooperative in the new entity.

Maseu executive secretary Mohd Jabarullah Abd Kadir confirmed this and told The Malaysian Insider that two extraordinary general meetings had been held recently to discuss the possible dissolution of the union. "We've decided in the meeting that firstly, we will have to dissolve the union and secondly, maybe turn it into a cooperative," he said.
Jabarullah said although the union had held two extraordinary general meetings, the most recent being on May 18, the matter would still need to be discussed further and members will have to vote at another meeting.
- See more at: http://www.themalaysianinsider.com/malaysia/article/no-room-for-staff-unions-as-mas-reboot-takes-off-in-september#sthash.WvZub00j.dpuf


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