Malaysian Airline System Berhad Administration Act 2015

I had earlier written about the bill relating to malaysia airlines.

Malaysian airline system berhad administration act 2015. It is now known as the malaysian airline system berhad administration act 2015 however the act will only come into operation on a date to be appointed by the prime minister by notification in the gazette. Malaysia airlines berhad mab wishes to clarify that the notice to creditors for submission of proof of debt or claim that has been circulating on social media is one of the processes of liquidation undertaken by kpmg for the old entity malaysian airline system berhad mas as the appointed liquidator of the company since february 2020. 1 this act may be cited as the malaysian airline system berhad administration act 2015. This appointment does not affect our daily operations or existing reservations.

The administration is a voluntary undertaking by khazanah malaysia s sovereign fund and is backed by the malaysian airline system berhad administration act 2015 mas act enacted by the government of malaysia. Malaysia tabled and passed speedily the malaysian airline system berhad administration act 2015 act 765 which came into force on 20 2 2015. In other words malaysia airlines the national carrier of malaysia i s. So are we now to burn the books on the code of conduct for industrial harmony when retrenching staff as it seems to no longer be relevant to addressing industrial woes in malaysia.

This act is most unjust to workers and trade unions of employees of the airline. He malaysian airline system berhad administration act 2015 mas act came into effect on 20 february 2015. The malaysian airline system berhad administration act mas act was passed by parliament in end 2014 and gazetted on 5 january 2015. The appointment is a voluntary undertaking by khazanah and is made pursuant to the malaysian airline system berhad administration act 2015 which was passed by both houses of the malaysian.

However malaysian airline system mas is an old defunct entity and is separate from malaysia airlines berhad mab which owns malaysia airlines. Liabilities and affairs of the malaysian airline system berhad to the new entity. Pa rt i preliminary short title and commencement 1. As an update the bill has received royal assent on 30 december 2014 and gazetted on 5 january 2015.

The mas act provides for an establishment of a new entity malaysia airlines berhad mab with a new business model to replace mas as the national carrier. Malaysian airline system mas not malaysia airlines berhad mab the liquidation of malaysian airline system mas is genuine and so is the kpmg notice to creditors.