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Management consultants hired for MAS rescue

KINIBIZ State investment fund Khazanah Nasional has engaged top management consultants to hammer out a winning strategy to turn around Malaysia Airlines by an end-2017 deadline.

The big name management consultants that have been called in include Bain & Company, McKinsey & Company and Seabury, sources tell KiniBiz . Seabury is an established aviation consulting firm.

“It’s not just one adviser. It’s a bunch working directly with Khazanah,” said one industry source.

Last Friday, Khazanah announced a RM6 billion rescue package for Malaysia Airlines that includes taking full ownership of the loss-making airlines, cutting as many as 6,000 jobs and “right-sizing” operations.

A new company will be formed to house the “new MAS,” which will “critically involve a significantly corrected cost and operational structure,” Khazanah managing director Azman Mokhtar ( left ) said.

For the full story go to KiniBiz

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