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Discussion in 'Other Airlines | Asia/Australia' started by uggboy, May 9, 2015.
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Malaysia Airlines is in more trouble than previously thought
Not surprising at all. Many airlines do not survive one catastrophic disaster, let alone two of them in a short period of time.
Really? KE, KLM, SQ, TWA, AF, AC plus most major carriers have had multiple crashes. TWA went out of business but I think that was unrelated to the TW800 747 JFK-CDG crash on Long Island. I also don't think one can blame the demise of PanAm on the Lockerbee terrorism incident.
You may not think so but Mr. Thomas Plaskett, CEO of Pan Am, is on record with a different view. He attributed the Lockerbie disaster as one of three major reasons for PA entering Ch 11.
"And the December, 1988, crash of Pan Am Flight 103--blown out of the sky over Lockerbie, Scotland, by a terrorist bomb--took a "heavy toll on our cash flow."
I hope that Malaysia Airlines will overcome their recent problems and become a "new" successful airline /again/ in the future. It's possible. Malaysia Airlines is a world-class airline.
I believe this can actually be a good opportunity to streamline the operations and a rare opening to remove dead wood from the organization. All too often, especially in Government supported organizations, there are many non contributing employees on the payroll as well as overpaid positions by virture of who they know and not what they can contribute.
Well said, it's difficult to know at Malaysia Airlines, but I believe it's a combination between government ownership/control and their recent bad coverage.
He said one of three reasons, not *the* reason.
True. But we can see what Plaskett is getting at from the quote above: triple whammy, Gulf War I, recession and PA103. Perhaps PA could - maybe - have survived a combo of two of those, but not all three.