Just came out from a teenager operation to address an vitriolic small acne only below my shoulder which grew over time in to a largesebaceous cyst.
The cyst finally erupted upon my last dual days in Mekah though did not dry-up after dual visits to a clinic. It had to undergo procedure during an equipped hospital. Since occur to be in sanatorium for a little post-Mekah rehab, competence as well do it.
So, please eh ... only means there is a cyst off my shoulder, it does not mean there is a chip upon my shoulder towards those people during Air Asia, MAS as well as Khazanah. Just observant it as you see.
Someone alerted me of The Sun's inform currently upon an analysis upon Danny Boy's turnaround plan. He pronounced it is not as in-depth as what this blog wrote yesterday [read here] though it is right to a point.
The some-more suitable pretension should have been, "Same b*lls*it from a same as*hol*" though they have been some-more diplomatic. Cari makan ma...advertisement.
Old booze in new bottleI think this blog's yesterday's inform has some-more depth.
KANG SIEW LI
PETALING JAYA (Dec 9, 2011): Malaysia Airlines (MAS) suggested a ultimate commercial operation turnaround devise upon Wednesday though a emanate of sustainability stays a concern, aviation analysts say, adding which a loss-making national conduit should look over a short-term mercantile boost, or there will be some-more turnaround skeleton to come.
Analysts like RHB Research Institute additionally remarkable which a measures due have been ! zero out of typical though only judicious things to do in a normal course of business.
Some contend they see similarities between a new devise as well as a prior turnaround exercises such as a Widespread Asset Unbundling (WAU) restructuring use in 2002 as well as a Business Turnaround Plan 1 (BTP1) in 2006, in which it additionally involves slicing unprofitable routes as well as spinning off assets.
"Under any turnaround plan, it's normal use for businesses to sell their resources to pay off debt, which is, pluck a low-lying fruits. In a box of airlines, they would additionally strew jobs as well as cut a little unprofitable routes which would expected ensure distinction in a short time," pronounced an researcher who asked not to be named.
"But a big subject is whether a conduit additionally has a commercial operation plan/model which is tolerable in a long term," he added.
Under WAU, in which MAS deputy CEO Mohammed Rashdan Mohd Yusof was additionally concerned as his association during ! which tim e, BinaFikir, was a expert to a conduit then, MAS' aircraft resources were eliminated to as well as leased behind from Penerbangan Malaysia Bhd. It additionally hived off 70% of a shares in MAS Catering Sdn Bhd.
For BTP1, MAS completed a one-off gain from selling resources such as a MAS office building as well as Four Seasons Langkawi.
This time around, MAS pronounced it is looking to spin off a subordinate units such as MASkargo Sdn Bhd, aerospace engineering, commander precision as well as belligerent handling as partial of a efforts to lift cash.
"Five years (after WAU,) MAS was in no better shape as well as in came oil executive Datuk Seri Idris Jala who came out with dual commercial operation turnaround skeleton prior to he moved to work in a prime minister's office," pronounced Standard & Poor's Equity Research aviation researcher Shukor Yusof.
"The law of a make a difference is which MAS has been mismanaged for so long which even a ! categori cal stakeholder, Khazanah Nasional Bhd, appears to be using out of ideas upon how to shake a conduit up," he added.
Shukor additionally believes which MAS should do some-more to develop as well as nurture a own set of managers to run a conduit in a future.
Meanwhile, most analysts expressed doubt upon a viability of MAS' new devise as a airline faces tough hurdles amid growing competition. There have been additionally concerns of intensity appropriation for a RM6 billion collateral expenditure, which could weight a conduit with a gearing of 4 times by end-2012.
"We felt which MAS is attempting to effect a 'painless restructuring' (but) as a observant goes, 'no suffering no gain' as well as as such you doubt if a painless restructuring could produce a formula it desires," pronounced RHB Research in a inform yesterday.
Analysts have been doubtful of a liberation devise due to a rough discipline as well as timelines, a ability of MAS to increase sheet prices but sacrificing newcomer demand, a relatively long timeline indispensable to change newcomer notice as well as preference as well as a willingness of a staff to accept a new ! structur es.
This is upon a behind of an anticipated slowdown in a economy, which will affect reward travel demand.
They additionally pronounced execution is pass to a conduit turning things around.
"We have been confident upon a little of a initiatives in rebellious a crisis faced by a carrier, though execution of a commercial operation devise stays a pass risk. There have been most issues highlighted in a commercial operation devise which need to be addressed as well as one year might not be enough. Right-sizing of staff was highlighted as well as it stays to be seen how this will be handled," pronounced HwangDBS Vickers Research.
This as well as alternative newpapers' reports brave not inform it as Air Middle East vulturing over a M! AS canni balised by it's own shareholder as well as Government owner.
But, between MAS as well as Air Middle East management, it is an open secret as you see a picture below of MAS CEO, Dato Ahmad Jauhari "slaughted" by party host Air Asia-X CEO, Azran Osman Rani:
Khazanah as well as MAS Public Relation appurtenance was upon over expostulate yesterday to address opposite messages to opposite audience.
To a Malay audience like in Utusan Malaysia, they were playing sympathy to play upon a fear factor of critical sitution. Utusan inform was entitled MAS kini kritikal.
The Star's was mild to not be critical as well as supportive of their turnaround devise with a carefully confident tone.
Read definitely titled, "CEO sets in suit commercial operation devise to bring airline to profitability by 2013". However, there was a puzzling as well as interesting end:
There is additionally apprehension towards a extensive partnership framework from with AirAsia.Easier? What does he mean?
Asked if a CCF was really necessary, he pronounced "it makes it easier with a CCF."
The Star brave not offend Air Middle East as an critical announcement client. The MCA-controlled paper was peaceful to advertise Air Asia's criticism against a Government as lifted here! b y Rocky Bru. Right?
The Edgedaily brave not push forward an confident perspective to their well review as well as eccentric minded readers with HwangDBS Vickers Research distrustful inform looming. They posed a subject as title, "Back to black in 2013 for MAS?"
Their advance booking is justified. Can MAS enclose losses for 2012 to RM165 million as well as spin to profitability in 2013 with which kind of commercial operation plan? Where is a income coming from? Danny's ass?
The New Straits Times's Business Times was some-more brutal as well as not holding behind upon HwangDBS Vickers report. They patrician theirs as "MAS turnaround devise fails to excite analysts." Hurrah to a new GEIC. Baru ada telor.
So no chips, eh.
But all have been holding behind to inform a rush-rush cut Danny done for Tony F as well as Din prior to a CCF which should conclude which it is cannibalisation of MAS by owners as well as Government for Air Asia's favour.
But that's quite alright. Who reads a newspapers anyway these days? They probably upon this blog yesterday.
- Another Brick in a Wall
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Courtesy of Bonology.com Politically Incorrect Buzz & B! uzz
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