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THE Public Accounts Committee (PAC) has questioned the objectives and strategy behind the share swap between Malaysia Airlines (MAS) and AirAsia Bhd.
PETALING JAYA: Malaysia Airlines(MAS) will cut unprofitable routes,spin off its ancillary units, explorejoint ventures with other airlinesand launch a regional carrier by secondhalf of next year in a bid toretur n to profitability by 2013.
IT is undeniable that Malaysia Airlines (MAS) is facing a crisis and is in a dire state now. The carrier is having both cash and profit crisis for a while and may fail if it continues the way it is now. Realising this, the management introduced a new Business Plan 2012 on Wednesday hopefully to turn its fortune around. Many will be interested in the business plan and the details on how it will help steer MAS away from turbulence.