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The consolidation exercises are on its way to downsize and save the national airlines. The scary part will be the 6,000 jobs cut. Recently, some quarters believe they have another solution to improve MAS without sacrificing the Airlines valuable staff and routes. One such plan hails from Jentayu Danaraksa Sdn Bhd (By the way this company spring to existence at its infancy stage, August 2014)
The most perplexing situation is that they propose to grow the MAS size instead of shrinking it. Hmmm.....The salient points of the proposals is for MAS to capitalise on the aircraft leasing business, enlarge the maintenance, repair and overhaul (MRO) business and they even stated that there was no need to dismiss the 6,000 workforce.
Jentayu is led by MAS's former managing director Tan Sri Abdul Aziz Rahman. They had met the Prime Minister and was told to discuss with Khazanah. After MAS in red due to the two unfortunate events, Khazanah has injected RM6 billion cash and initiate the 12 radical overhaul exercises. The plan includes taking MAS private, cutting 6,000 jobs, reducing scale and size of MAS, renegotiating new terms with suppliers and setting up a new company to take over the operation by July 1.
As for the Jentayu's proposal funding, they claim that they have the private sectors backing them (hopefully no guarantee loan from the government). Even the MAS's largest union give them the green light. The burning question is whether the proposal be even considered?
