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Archive for August, 2011

Say NO to AirAsia X Sdn Bhd

Because of the one sided reporting, Malaysians thought AirAsia/AirAsia X Sdn Bhd/Tan Sri Tony Fernandes were coming into MAS to SAVE MAS. I am proud to receive the comments below from MAS Union. Unfortunately, The Star, which has been publishing rosy stories about AirAsia/AirAsia X Sdn Bhd and Tan Sri Tony Fernandes, did not bother to attend the MAS Union press conference on 27th August, 2011.  So Malaysians like you and I were deprived of the views of MAS Union. So forgive us for being led by the nose to believe that without Khazanah Naisonal Bhd signing the “TOP SECRET MAS – AIRASIA SHARE SWAP” on 8th August, in HERE.  MAS would have collapsed. The Khazanah Naional Bhd top management, the former BINAFIKIR SDN BHD boys would like Malaysians to believe that the said share swap would have affected our national security so had to be negotiated in “darkness”!. Khazanah Nasional Bhd handpicked , the WAU, in HERE, HERE, specialist, En Mohammed Rashdan Yusof (aka Danny), in HERE, to head MAS now.   (more…)

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May I take this opportunity to wish all Muslims SELAMAT HARI RAYA AIDILFITRI MAAF ZAHIR BATIN. This auspicious occasion is so special to not only our Malay brothers and sisters but all Malaysians, who spent the beautiful day visiting their Muslim friends. For all non-Muslims, have a pleasant holiday.

 

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I would like to share the comment below with all the readers with regards to this so-called  “MAS-AirAisa share swap”, which was shrouded with secrecy. Khazanah Nasional Berhad is still thinking about buying the 10% share in AirAsia X Sdn Bhd. Khazanah has appointed Morgan Stanley Investment Banker to do a valuation on AirAsia X Sdn Bhd, which has posted losses amounted to almost RM90 million. Read HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE. (more…)

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Di bawah adalah komen yang telah saya terima dari seorang pembaca blog, Sdr Ahmad Fathi Shah, yang saya hormati dan saya berharap sdr tidak akan membantah sekiranya saya berkongsi komen  sdr sebagai satu artikel di dalam blog saya. (more…)

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AirAsia’s 2nd quarters net profit was down by 47% to RM104.26 million against RM198.93 million deferred tax charge. MAS posted a net loss of RM526.8 million. MAS called off its media briefing at the eleventh hour yesterday due to “unforseen circumstances” but continued with its analyst briefing. Tan Sri Tony Fernandes told analyst in a conference yesterday that the airlineswill be presenting their case to the Prime Minister in his bid to reverse airport operator MAHB’s to increase passenger service charge, aircraft landing and parking charges. As usual the press report on AirAsia was very rosy and will be flying to another majestic height and the future of MAS, of course, was very very bleak. Read HERE.

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Tony can now order MAHB, indirectly Khazanah Nasional Sdn Bhd, what to do. As can be seen in the case of KLIA-2 where the original plan was to build aerobridges for the convenience of the passengers including disabled person (OKU). When Tony snapped his fingers and say no to aerobridges, Tan Sri Bashir of MAHB had to also kow tow. Even Khazanah was in total silence. What a powerful man indeed? No wonder AirAsia had a good record of owing more than RM125 million in airport taxes since its inception until recently and MAHB dared not leave a finger to take actions. Read HERE. The outstanding airport taxes were only paid recently after the matter were brought up in Parliament several times. See how powerful is Tan Sri Tony Fernandes/AirAsia and now Air Asia X Sdn Bhd. By the way the original name of AirAsia X Sdn Bhd, which is a more suitable name for Ministry of Transport and Khazanah, was Fly Asian Express Sdn Bhd, in HERE. (more…)

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Perhaps on 8-8-2011, when Khazanah Nasional Bhd thumb printed its intention to purchase 10% of AirAsia X Sdn Bhd, as part of its attempt to save MAS from imminent collapsed, and commissioned Morgan Stanley Investment Bank to do a valuation of AirAsia X Sdn Bhd, it was totally ignorant of the corporate structure of AirAsia X Sdn Bhd that:

a.  31.7 % of its shares are foreign owned; and

b.  sustained a loss of RM89, 835, 000-00 as recorded with the authority and etc. (more…)

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