Jentayu Danaraksa’s MAS rescue plan

comments     Stephanie Jacob     Published     Updated

KINIBIZ When Abdul Aziz Abdul Rahman stepped down as chief executive officer (CEO) of Malaysia Airlines (MAS) in late 1991, he left the airline, which was doing well, with large cash reserves .

Handing over the reins to his deputy, Aziz must have believed that his tenure at MAS, which began with the airline’s inception in 1971, was a job well done. Since then he has watched the national airline descend into financial turmoil, with one business plan after another failing.

After staying on the sidelines for over two decades, Aziz believes that he can no longer remain silent when it comes to the future of MAS. Following record losses this year, the former CEO began voicing his opinions on a myriad of issues related to MAS.

KiniBiz spoke to the former CEO, now 81 years of age, at his residence in Kuala Lumpur to get his opinion on Khazanah Nasional Bhd’s (Khazanah) 12-step recovery plan for MAS, the controversial MAS bill and his concerns for the employees of the airline.

Of course, it is also important to note that Aziz’s speaking up has coincided with the emergence of Jentayu Danaraksa Sdn Bhd, a management consultancy firm that is pushing a different plan to save MAS.

Aziz is the chairperson of this consultancy, which he said was formed specifically to present a MAS recovery or rescue plan.

Jentayu came to be after Aziz was approached by a group of people who felt that something should be done to help revive MAS. Aziz said that the group was motivated by the substantial losses being recorded and what they saw as a lack of clear direction.

The group is made up mainly of individuals with business or finance backgrounds. With the exception of one other who was a civil aviation analyst, Aziz is the main aviation expert in the team.

For the full story go to KiniBiz .



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