cck
Final Assembly Line stage 1
Posts: 228 
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Post by cck on Sept 26, 2017 10:52:00 GMT 1
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Sept 26, 2017 17:18:47 GMT 1
We don't have even the shadow of an explanation for the change of plans. Could it be that the regulator has been tough on Malindo in order to slow their growth ?
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cck
Final Assembly Line stage 1
Posts: 228
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Post by cck on Sept 27, 2017 12:56:13 GMT 1
We don't have even the shadow of an explanation for the change of plans. Could it be that the regulator has been tough on Malindo in order to slow their growth ? It’s more likely a financial constraints. Malindo, a full service now, has been selling their air tickets at price lower than or similar to AirAsia. AirAsia is one of world lowest cost airlines, how could Malindo undercut it at the same time of providing all the freebies? They are selling tickets at loss while in aggressive expansion. They also owed RM 70 millions (USD15m) of airport taxes and couldn’t repay. Malindo only paid RM 20 millions when threatened for grounding. There were rumours they are firing their new recruits too. To add insults to injury, they lose their major investor early 2017. They are running short of money. |
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Sept 28, 2017 0:21:38 GMT 1
Malindo is now part of the Lion Air group, though the latter doesn't own 100% percent of the company. If it's a financial problem, then it must be with other shareholders.
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Post by mayerfm on May 21, 2022 2:26:31 GMT 1
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Post by Ravi1925 on May 21, 2022 12:14:43 GMT 1
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Post by Ravi1925 on Jun 6, 2022 1:01:35 GMT 1
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Post by ca350 on Jun 6, 2022 16:50:05 GMT 1
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Post by Ravi1925 on Jun 9, 2022 15:38:12 GMT 1
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Post by Ravi1925 on Jun 10, 2022 17:42:24 GMT 1
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