The Tycoon Who Fell To Earth

Malaysian tycoon Tajudin Ramli had no experience in the airline business when he staked his fortune to buy the country's struggling national carrier in July, 1994, when it was privatized. But he had plenty of confidence. Even though Malaysian Airline Systems (MAS) eked out a mere $3.4 million profit on $1.6 billion in revenue in 1994, Tajudin boasted in the annual report that he aimed to turn it into "the largest, most successful, and most respected carrier in the world."

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