Month: August 2011
Now Everyone Can Take Over Control of GLC!
At long last, the sources story became a reality. The news portal and mainstream newspapers must have received the news from an extremely reliable source. Perhaps from the players directly. So the AirAsia/MAS share swap has been sealed at long last. At whose interests? MAS or AirAsia?
Tan Sri Azman Mokhtar: Have you read the AirAsia’s financial statements?
I would like to share this comments which I have received from a reader, Warrior 123. I am surprised that mainstream newspapers like Star and others, have resorted to quoting sources, has painted a very rosy picture of this AirAsia/MAS share swap without any analysis on the income statements of AirAsia. Please read this well thought out piece below. Judge for yourself. I hope that Tan Datuk Sri Azman Mokhtar, head of Khazanah Nasional Bhd, and the bankers can convince us otherwise with their own analysis based on the AirAsia financial statements.
KHAZANAH Stop “ANAKTIRIKAN” MAS! How about LSG Sky Chef Brahim?
The Star reported today that “that Khazanah, which owns a 69% stake in MAS, is said to have concluded negotiations with AirAsia chief executive officer Tan Sri Tony Fernandes to come up with a deal to save the national carrier”. “Fernandes is to get 20% equity in MAS under the deal that is to be signed this week, with some sources saying it has already received the Government’s approval and could be inked today.”
In my immediate respond to the above, may I pose three innocent questions to Tan Sri Datuk Azman Hj Mokhtar: Why these so-called negotiations of the share swap were done with such secrecy? Why was there a need for such a rush for this so-called share swap to be signed by this week? Is MAS really in dire strait of collapsing or other airline?
YB Senator Datuk Idris Jala: Is this AirAsia/MAS share swap an indirect bailout?
The MAS/AirAsia share swap deal: “AirAsia’s Fernandes to gain 20% stake in national carrier”. The front page sources story in the Star today. “Fernandes declined to comment when asked about the deal.”, so says The Star. This was not what we know of Tony Fernandes, who loves publicity and is well known to jump on anything to say his bit to enhance his image. Read HERE.
This “share swap deal” is a joke of the century. It would appear that now AirAsia, which has been known to have the special “abilities” to owe airport taxes to the tune of more than RM125 million since it inception until 2010, has been made out to look like a white knight for MAS.
THE PERTINENT QUESTION NOW IS: IS AIRASIA BAILING OUT MAS OR MAS HAS BEEN USED AS A VEHICLE TO BAIL OUT AIRASIA? Your views please, YB Senator Datuk Idris Jala, the former CEO of MAS, on this issue.
Please read further. I leave it to you to judge.
Ribuan Terima Kasih Kepada Rapid KL untuk T 205
Atas permintaan penduduk-penduduk Taman Setapak dan kawasan-kawasan di sekitarnya untuk perkhidmatan bas di kawasan tersebut. Pejabat Perkhidmatan Ahli Palimen Wangsa Maju bagi pihak penduduk-penduduk memohon kepada Rapid KL untuk memulakan perkhidmatan bas di kawasan tersebut.