MH denies rumours of 28/5 shutdown

Discussion in 'Travel News' started by Isochronous, May 26, 2014.

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  1. Isochronous

    Isochronous Established Member

    Dec 18, 2009
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    We are not shutting down, says M'sia Airlines - ANN

     

  2. JessicaTam

    Moderator

    Jan 29, 2012
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    Hopefully they can recover, but until they do these rumours will continue no doubt.
     
  3. Timba-Jet

    Timba-Jet Active Member

    Apr 19, 2009
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    Didn't realise the financial situation was so bad. Hope MH can recover, I personally would have no hesitations flying with them. Though I know plenty of people who would be hesitant, mostly occasional flyers of the non-AFF folk.
     
  4. BAM1748

    BAM1748 Senior Member

    Jul 22, 2008
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    Maintaining that business would carry on as usual, MAS chief executive officer Ahmad Jauhari Yahya said articles written based on quotes from unofficial sources were causing anxiety among its passengers.

    I don't think it's the articles pal, perhaps its the fact you killed 300 people and can't find them. :evil:

    After loosing an aircraft full of people I do not care if they survive or not. Hard yes but that comes with the territory.
     
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  5. boomy

    boomy Senior Member

    May 10, 2013
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    I reserve my sympathy to the families of the missing pax, they are the real victims here, not the airline.
     
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  6. Major

    Major Established Member

    Jan 21, 2011
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    I hope they are only rumours. We are due to return from CDG next Tuesday with MH
     
  7. Isochronous

    Isochronous Established Member

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    I have SIN-KUL-MEL-KUL booked with them in a month's time as part of my 280k award. Otherwise I'd have to beg QF to release a seat from SIN for me.
     
  8. MEL_Traveller

    MEL_Traveller Enthusiast

    Apr 27, 2005
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    the financial issues for MH have been openly discussed for some time. It's worth about $1.3 billion or something IIRC.

    Chinese arrivals into Malaysia are down something like 30% and forward bookings ex China are supposedly non-existent with most (if not all) Chinese travel agencies boycotting the airline.

    Couple that with what I read is a pretty bad business class and you can start to see the airline would be in some difficulty.
     
  9. OATEK

    OATEK Established Member

    Apr 12, 2013
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    If the business continues to nose dive, then a Chapter 11 equivalent or other major restructure does seem likely. It has brought to the surface again all the tensions about the treatment of ethnic Chinese in Malaysia, and that suggests a reversal of fortune is not likely in the short to medium term. If I was a shareholder I would be very worried about MH future.
     
  10. medhead

    medhead Suspended

    Feb 13, 2008
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    Given the most likely situation is that MH370 was lost due to a deliberate action by an individual and not due to the airline, I think there is some misdirected anger in this thread.

    Does Malaysia have the equivalent of chapter 11?
     
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  11. drron

    drron Enthusiast

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    The Malaysian government owns 69.37% of MAS so unlikely to just let it go.May mean a JAL type restructure though.
     
  12. MEL_Traveller

    MEL_Traveller Enthusiast

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  13. OATEK

    OATEK Established Member

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    As a listed company it will have insolvency provisions, which I was alluding to, rather than an exact equivalent of the US model. I would think the Malaysian Government would want to avoid insolvency provisions being triggered, which only adds to the likelihood of some sort of major restructuring as suggested in the SMH article if the business can't be turned around.
     
  14. deejo77

    deejo77 Active Member

    Feb 5, 2012
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    I really hope they stay up until my A380 flight out of CDG on 23 October back to Australia - it will be very hard at this late time to find 6 economy reward seats to get us back without MH
     
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  15. under the radar

    under the radar Established Member

    Apr 8, 2010
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    may I just add my sympathy also to the families of ALL the cabin crew/tech crew on MH370... the families are NOT responsible for the actions of the person/persons involved in the disappearance of MH370.. these families deserve just as much sympathy...

    and in response to those who 'don't care if MH survives or not'.. potentially thousands of INNOCENT MH (and associated) employees will lose their job... Your 'wrath of hate' should ONLY be focused on the INDIVIDUAL/S WHO ACTIVELY CAUSED THE DISAPPEARANCE OF MH370... your views are just pure ignorance

    my views/opinions are not just MH specific.. in ANY company/business/family!!!.. the acts/mindset of one/a few individuals, does not mean the WHOLE company/business/family is RESPONSIBLE...(eg..those that post on 'social media' that they wish QF would fail/fold...just because of the actions of one/a few)

    just my views/opinions



    just my opinion
     
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  16. yohy?!

    yohy?! Established Member

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    under the radar, entertaining as ever ;)
     
  17. JohnK

    JohnK Veteran Member

    Mar 22, 2005
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    I am very hesitant. I don't blame MH for what happened but their handling of the situation was/is poor.

    I flew MH for 12 months. Time to have an indefinite break.
     
  18. under the radar

    under the radar Established Member

    Apr 8, 2010
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    ......and hopefully educate as well ;) (I try to look at/live by the 'big picture') .. way too much misguided hatred in the world that doesn't need to be there :)
     
  19. RooFlyer

    RooFlyer Enthusiast

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    ... in much the same way that SHOUTING at us in AFF posts doesn't need to be there ;)
     
  20. Aussie_flyer

    Aussie_flyer Established Member

    Apr 26, 2009
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    using caps to highlight a point doesn't mean shouting, chill out
     
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