|Amok: MAS continues to elude his Midas touch
From Bina Fikir to Khazanah Nasional. I've known of Tan Sri Azman Mokhtar since I was a reporter at Business Times and he a haversack-ed young analyst with Solomon. His rise, guided by Nor Mohamed Yakcop who then had the ears of the Prime Minister, was meteoric. In him the Government first placed the trust of restructuring a post-Tajudin Ramli MAS.
On his way up, Azman was made Khazanah Nasional boss overseeing the government's strategic investments and GLCs, strategic and otherwise.
Today, many years after Bina Fikir's failed restructuring of MAS, Azman Mokhtar announced drastic measures that WILL save the national carrier, including replacing AJ the CEO and cutting some 6,000 jobs.
"The combination of measures announced today will enable our national airline to be revived." Azman Mokhtar in MAS to trim staff, routes in reform plan, AFP Friday 29/8/2014
You will excuse me if I have my reservations about Azman and Khazanah's latest plans. Don't get me wrong. I wish he would succeed because I want MAS to fly high again and make us all proud but I believe the time has come to take the airline away from the wizards at Khazanah and let a proven entrepreneur or a group of them save it.