After years of bleeding money, aviation industry analysts are saying it’s time to shut down or sell off Malaysia Airlines.
Malaysia Airlines, what was once a symbol of our country’s prestige among the world’s best airlines is now a burden of a national carrier, having been unable to turn a profit since it was taken private in 2014.
Speaking to New Strait Times, Shukor Yusof, the founder of Endau Analytics, a Malaysia-based aviation consultancy, did not mince his words: If the national airline was shut down, its assets, such as aircraft and properties, could be used to repay debts while some of its workers could be redirected to other airlines, such as Malindo Airways or AirAsia.
He’s not alone; Moshin Aziz, a financial analyst from Maybank, one of Malaysia’s largest banks, who is tasked with forecasting moves in the aviation industry has echoed the sentiment, saying that the best way forward for MAS would be to “discontinue operations” as plans to turn a profit have been unsuccessful.“Should Malaysia have a national airline? That argument is becoming weaker because we have been bailing it out many times.
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