Rebuilding A National Icon The MAS Recovery Prepare

 Rebuilding A National Icon The POREM Recovery Plan Essay

Rebuilding A National Icon The POREM Recovery Program n

twenty nine AUGUST 2014

2

MH370

In supportive memory to those still

lacking and those left

on MH370 and MH17.

Al-Fatihah and our prayers

are with you.

MAS is somewhat more than just a firm;

it is a crucial enabler of national creation

and a national icon.

…

Nonetheless it must be moored on functional

excellence, economical sustainability, as well as the

prudent usage of public funds.

…

All of us owe this to NO ENTANTO customers and staff, each of our

shareholder and stakeholders,

and to the Kaum of Malaysia.

Table of CONTENTS

> 1

Communication from the Excellent Minister

> 2

Message from the Leader of POREM, the

Nominated Representative of the Special

Shareholder, Minister of Finance, Integrated

> a few

Message in the Managing Overseer,

Khazanah Nasional Berhad

> a few

Preamble

> 7

Executive Summary

> 14

The Context:

Difficulties and Advantages

> 20

The Task:

An entire Overhaul

> 22

The Recovery Strategy:

12 Unique Features

> 31

Closing Ranks:

A National Compact

> 36

The Future:

[email protected]

i

1

MESSAGE THROUGH THE PRIME MINISTER

On 8th August, We called upon all parties to work together supporting a comprehensive and holistic restructuring plan for Malaysia Airlines – the first step had to return each of our national transporter to profitability.

I thought then – as I perform today –that MAS is definitely part of Malaysia's history. This can be a symbol of national satisfaction, of our ambitions and the place in the earth. In short, it really is more than just a firm to all of us. So as we prepare for each of our 57th Merdeka Day, My spouse and i welcome the

unveiling of " Repairing a National Icon – the MAS Recovery Plan”.

Today's announcement marks the first thing towards making certain our countrywide carrier can be part of Malaysia's future. Just wholesale change will produce a genuinely good and

environmentally friendly Malaysia Airlines. If we search for a different result from past experiences, we must have the courage to choose a

different approach. Piecemeal transform will not work.

" CONTUDO is a part of Malaysia's

background. It is a image

of countrywide pride, of our

ambitions and our place

in the world. In other words, it is

more than just a company

to us. ”

The complete overhaul of the company set out with this plan can ask a lot of everyone by Malaysia Flight companies. But we will look to all those who work with Malaysia's flag-carrier – and all Malaysians – to play their part in ensuring MAS' future accomplishment.

For NO ENTANTO to survive and thrive, we really need a new nationwide compact for our national airline. Later a role to experience, and I offer you my confidence that the Government is wholehearted in its determination to promoting that compact.

As we turn our brains to honoring our self-reliance, I request that each of you consider the best way to support this national work. More than a great airline, CONTUDO is a national icon; much-loved, and rich in our history. The plan ahead of you today will ensure it has a bright upcoming.

Dato' Sri Mohd Najib bin Realisieren Abdul Razak

August up to 29, 2014

Reconstructing A National Icon: The MAS Recovery Plan

COMMUNICATION FROM THE CHAIRMAN OF NO ENTANTO,

THE NOMINATED REPRESENTATIVE OF

THE SPECIAL SHAREHOLDER, MINISTER OF

FINANCE, INCLUDED

In my role as Leader of Malaysia Airlines, I use spent enough time over recent weeks leading Turun Padang meetings around

the flight. In total, we have talked to some 2, 500 colleagues. And I have, naturally , been participating with many other folks who

connect to our nationwide airline – from operate unions and Parliamentarians to vendors and suppliers.

Two things have stood out via these conversations –

concern and willpower. That concern is totally

understandable. After many years of prolonged difficulties and financial losses at NO ENTANTO – and, of course , the tragic situations of March and July – it is often clear that things could not go on because they were. Without a doubt, at the airline's Annual Basic Meeting in June, I actually indicated that radical change was the simply way...

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