ID :
200256
Wed, 08/10/2011 - 06:23
Auther :
Shortlink :
https://oananews.org//node/200256
The shortlink copeid
MAS-AIRASIA SHARE SWAP A VERY GOOD IDEA - MAHATHIR
SHAH ALAM (Malaysia), Aug 10 (Bernama) -- Former prime minister Dr Mahathir
Mohamad has described the share swap involving Malaysia Airlines (MAS) and
AirAsia as a very good idea.
He also expressed hope that the cooperation would benefit both sides.
"AirAsia can learn about the experience of MAS and MAS can learn how to
reduce costs as done by AirAsia," he said when asked to comment on the
collaborative framework entered into by the airlines earlier Tuesday.
Speaking to reporters after the breaking of fast hosted by carmaker Proton
here, Dr Mahathir was also asked about the impact of US economy on Malaysia.
"We have shifted from the US to China. Our trade with China has increased
multiple folds.
"We have made preparations. When a slowdown hits the US economy, we have
another big trade partner," he replied.
Mohamad has described the share swap involving Malaysia Airlines (MAS) and
AirAsia as a very good idea.
He also expressed hope that the cooperation would benefit both sides.
"AirAsia can learn about the experience of MAS and MAS can learn how to
reduce costs as done by AirAsia," he said when asked to comment on the
collaborative framework entered into by the airlines earlier Tuesday.
Speaking to reporters after the breaking of fast hosted by carmaker Proton
here, Dr Mahathir was also asked about the impact of US economy on Malaysia.
"We have shifted from the US to China. Our trade with China has increased
multiple folds.
"We have made preparations. When a slowdown hits the US economy, we have
another big trade partner," he replied.