Is the Govt Bailing-out MAS???

Has anyone ever figured what the term 'bail-out' means?

Since Paklah has said a few times in the past that the Govt will not bail-out MAS, I think it's important to understand what he means by that, and whether our understanding on this issue is the same as his.

Is granting a Govt loan (whether free or interest bearing) to a GLC not considered a bail-out?

Is granting a Govt. guarantee to a loan taken out by a GLC also not considered a bail-out?

To fully understand this concept of 'bail-out', we need to look at the opposite extreme of that i.e the concept of 'free maket forces'. This situation is when Govt is not involved in one way or another (whether financial or otherwise) in assisting a company to get out of its current difficulties. Then we can say there is no bail-out!

So it should be incumbent on any GLC like MAS to sort out its own problems WITHOUT resorting to ANY request of assistance of any sort from the Govt. What more if that assistance is financial in nature. And since Paklah has said in the past there'll be no bail-out of MAS, why is MAS asking the Govt for financial assistance? And how should the Govt respond?

So hopefully Paklah will be consistent in this respect. If he truly means no bail-out for MAS, then the Govt should leave it entirely to MAS to source the RM4bio required on its own. If more equity is pumped into MAS by the Govt, or a loan is extended (whether free or interest bearing) or a Govt guarantee given (either directly or through PMB i.e MAS parent company that is 100%owned by the Govt, or through any Govt agencies) for a commercial loan taken by MAS, then any of these is already considered a bail-out!

If Paklah wishes to help MAS in this aspect, then he should just admit that the Govt will be'bailing-out' the national carrier, and not say the otherwise for the sake of consistency.