More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

Leaders see horror of French Alps crash as probe gathers pace

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Friday, August 8, 2014

Crisis-Hit Malaysia Airlines Faces ‘Complete Overhaul’

Jakarta Globe – AFP, Aug 08, 2014

A Malaysian Airline System (MAS) flag flies at half-mast in front of the control
 tower at Kuala Lumpur International Airport (KLIA) in Sepang, Malaysia, on July 19,
 2014, following the downing of fight MH17 over the Ukraine. (Bloomberg Photo/Brent

Kuala Lumpur. Malaysia Airlines will be de-listed after being taken over by the country’s state investment fund as part of plans announced on Friday for a “complete overhaul” of the company to rescue it from oblivion after two crippling air disasters.

Khazanah Nasional, which owns 70 percent of the airline, said it intends to purchase all minority shareholdings — later pulling the stock from the Kuala Lumpur exchange — and will finalize a restructuring plan by the end of the month.

The 68-year-old flag carrier has hemorrhaged cash for years as it struggled to cope with intensifying industry competition, and the double tragedies of MH370 and MH17 have further pummeled bookings.

Flight MH370 disappeared mysteriously in March with 239 people aboard, en route from Kuala Lumpur to Beijing. No trace has been found and the airline was widely criticized for its handling of the crisis.

On July 17, MH17 was shot down over Ukraine, with another 298 people killed.

MAS is burning through an estimated $2 million a day as a result of its crumbling business and disaster-related costs, and speculation had been mounting that Khazanah would step in.

Khazanah said all stakeholders would need to work together to rescue the company via a “complete overhaul” extending across “the airline’s operations, business model, finances, human capital and regulatory environment”.

“Nothing less will be required in order to revive our national airline to be profitable as a commercial entity and to serve its function as a critical national development entity,” a Khazanah statement said.

The widely expected move requires approval from MAS’s board. The airline said its operations would be unaffected in the interim.

Future in doubt

Analysts said Khazanah would need to undertake a management purge, painful layoffs, and scrap major routes in order to restore the company’s bottom line and global reputation.

“It needs a new heart, a new brain. As it exists now, the airline is doomed,” said Shukor Yusof, an analyst with Malaysia-based aviation consultancy Endau Analytics.

“Each passing day is destroying its reputation and bottom line.”

Earlier Friday, Malaysia Airlines suspended its shares on the Kuala Lumpur stock exchange ahead of the Khazanah statement.

Analysts have long blamed poor management, government interference and powerful, reform-resistant employee unions for preventing the airline taking the steps needed to stay competitive.

Malaysia Airlines previously had a solid safety reputation.

But it lost 4.1 billion ringgit ($1.3 billion) from 2011-13, and a further 443 million ringgit in the first quarter of this year, blaming MH370’s “dramatic impact” on bookings.

Local media reported that Khazanah would need to spend nearly 1.4 billion ringgit to acquire the outstanding shares.

‘Sick airline’

Taking the company private allows Khazanah to make changes without shareholder interference.

But Shukor noted that previous Khazanah-sanctioned turnaround plans have failed.

“I don’t take comfort in Khazanah overhauling the sick airline. I am very skeptical about it,” he said.

Airline experts said Khazanah should sack MAS management and bring in top-level, possibly foreign, professional managers to restore trust in the company, as Korean Airlines and Garuda Indonesia did in response to past safety-related crises.

“It needs to take steps to restructure itself internally for safety considerations and procedures, and transparently communicate this to consumers. Probably new management is needed to carry all this out,” said Scott Hamilton, managing director of US aerospace consultancy Leeham Company.

Costs must be slashed, possibly through staff downsizing and accelerating a pull-back from unprofitable long-haul routes that the airline has clung to for prestige, analysts add.

MAS has struggled against intensifying competition from nimble, upstart budget carriers, particularly Malaysia’s AirAsia.

But larger carriers such as Singapore Airlines and Australia’s Qantas also have squeezed MAS on long-haul routes while routes to the Middle East — once a MAS strong suit — face growing pressure from Gulf-based carriers.

“They may as well shut down international routes which are not making money, cut staff and sell planes. Just concentrate on the profitable domestic and key regional routes,” said Mohshin Aziz, aviation analyst with Maybank.

Union resistance is expected.

Ismail Nasaruddin, president of the National Union of Flight Attendants, said indications are that “a few thousand” people could be laid off. The airline employs 19,500.

“There must be an amicable solution. There must be open discussions with us on matters involving job cuts,” he said.

Some have suggested a complete name change and re-branding to expunge the stigma of tragedy, but industry experts said that would accomplish little.

“Rebranding and renaming are efforts that come at significant cost, create little real value, and smooth over no part of a carrier’s history,” said Robert Mann, head of US-based consultancy R.W. Mann and Company.

Agence France-Presse
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