Sadly it looks like the end for MAS:
http://business.asiaone.com/news/it-will-either-be-tears-joy-or-anguish-20000-mas-employees
While I'm unable to offer any proof... heard stories long ago that MAS is quite ungovernable because there is too many politics... it is a Malaysia Govt own company... powerful 'unions' who opps to changes to keep up with changing business situation... politicians who gets involved with business decision...
Perhaps starting a fresh with a mass retrenchment and rehiring only those employees who really work, not coasting till retirement, might finally save MAS... :think: