Is shutting down Malaysia Airlines a good move?
By John Isaac
Should our national carrier be shut down?
Well, for former Khazanah MD, Tan Sri Mohd Sheriff Mohd Kassim, shutting down troubled Malaysia Airlines (MAS) is an option the government should consider in light of its repetitive legacy issues.
“There are a lot of people saying that we may need to re-examine if we really need a national airline and I think we should look into it on whether we really need a national airline,” Sheriff said.
“You must remember that MAS has been bailed out not just once but two or three times before and it will never be successful. You notice that after each bailout it will be alright for two or three years and then it starts again,” he added.
He said that it is not easy for the national carrier to be profitable and agreed that it may be better for these resources (money) to be deployed into more productive areas of the economy.
According to reports in The Star, he noted that the government could profit instead from the potentially increased collection of airport taxes through MAHB when this area is opened up completely.
“It is not easy since we don’t have such a bit market such as Singapore or Thailand,” he said.