English only July 2007 PRIVATIZATION AND RE-NATIONALIZATION OF MALAYSIA AIRLINES (Submitted by the ICAO Secretariat) 1. BACKGROUND Malaysia Airlines (MAS) was incorporated as Malaysia’s flag carrier in 1971 following the breakdown of Malaysia-Singapore Airlines partnership. Since then‚ MAS has continued to expand its network and fleet. By mid-1980s‚ MAS had a total of about 60 domestic and international destinations in its network and a fleet of over 35 aircraft. However‚ MAS’s balance
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The airline industry faced a severe downturn after the September 11 attacks. American Airlines was one of many airline carriers that were affected by the tragedy that took place on this day. While other corporations were able to stay afloat‚ American Airlines suffered because of the trouble it had within the organizations. American Airlines struggled to stay intact when conflict antecedents came into play. These included an economic recession‚ rising energy costs‚ and losses incurred by corporate
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(excluding VAT). The total transportation and testing cost is 5 million VND. Their estimated useful life is 5 years. Required: 1. You are asked to create a depreciation table for these equipments‚ using these following methods: a. Straight line method b. Double declining balance method c. Sum of years’ digits method 2. Compare their depreciation expenses and rates‚ then comment on their capital recovery rates. (Assume that this enterprise pay VAT by the tax deduction method) EXERCISE 2 A forestry
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tourism‚ transportation industry and accommodation industry. They are the three pillars of tourism industry. The tourism industry is very important for Singapore. It is one of Singapore’s economics pillar industry and contributors to the Singaporean economy. Tourism will help the Singapore government earn 10.8 billion Singapore dollars‚ the Singapore Tourism Board (2014) has shown that the tourism industry accounts for 4% of GDP and provide 160 thousand jobs opportunity. The developing of tourism brings
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Airline Industry Analysis Page 1 of 15 Memorandum Date: Subject: To: From: July 13‚ 2009 Airline Industry Analysis Dr. Matt Ford Adam Brown‚ Radmila Gogzheyan‚ Greg Huwel‚ Marie Meininger‚ Josh Riedel‚ Christina Ryan Introduction The following is an analysis of the airline industry. Using collected information and Porter’s “Five Forces” model‚ we will provide information about the attractiveness of the airline industry and provide a recommendation based on that information. Industry Background
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The Singapore Culture Terri Swayzer Ashford University Introduction to Cultural Anthropology 101 Christina Winn May 16‚ 2011 The Singapore Culture Singapore is a harmonious society‚ where diversity is dominant throughout the entire island. The elders of Singapore have interacted with different races for generations. There is a mixture of Malay‚ Chinese‚ Indians and Europeans all living within their own culture and calling themselves Singaporeans regardless of their race. Each
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Singapore Model Cabinet – Cabinet A‚ Environmental Security Council Topic 1: Should our islets be developed? Ministry of Education Position Paper Introduction Singapore is a small city-state surrounded by the sea‚ lacking in most forms of natural resource sans human capital. Among its most limited resources is Singapore’s physical land area of about 71 000 hectares (ha) . The government has already laid out our intention to continue to expand our land area via reclamation works off the coasts to
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Importance to economy The revenue of international airlines industry has increased from 476 billion USD in 2009 to 567 billion USD in 2011‚ a 9.3% year-on-year increase. This industry employs 56.5 million workers and accounts for US $2.2 trillion of the global GDP. Indian Aviation industry contributes to 0.5% of the India’s GDP and generates 1.7 million jobs. Technological Trends Major cost items for airlines are fuel‚ labour and maintenance. Airlines are able to reduce the cost/increase profit by
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Mission Statement: The mission of Southwest Airlines is dedication to the highest quality of Customer Service delivered with a sense of warmth‚ friendliness‚ individual pride‚ and Company Spirit. (source: Southwest.com website) Vision statement: Our vision is to expand our locations both domestic and overseas by being the largest and most profitable airline company to achieve both short and long-haul carriers efficiently and with low cost. Also to be an airline carrier that has the most productive workforce
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2. Is there democracy in Singapore? What is Democracy? Singapore has been recognized as a representative democratic state since August 1965. However‚ to examine if Singapore is in fact democratic‚ we need to first define the word “democracy” and its parameters. The word originated from M.Fr democratis in the 1570s‚ with ‘demo’ referring to common people and ‘cratie’ to rule of strength. Therefore‚ by definition‚ Singapore can be classified as a democratic country due to the fair elections which
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