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Posts Tagged ‘FAX’

The "Happy Family". They were so happy after the signing of the MAS-AirAsia share swap.

The iconic photo of the “Happy Family” of the MAS-AirAsia share swap. They were so happy after the signing of the MAS-AirAsia  share swap.

Updates @ 9:30 pm on 19-9-2013:  On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially.  I think all the numbers are there, we just need to add value”.  Read HERE

Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia.  Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink.  Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it.  Was it a good deal after all?  

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In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011. (more…)

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The happy "family". Left to right: Datuk Nasir Razak, the CEO of CIMB, Datuk Kamarudin Meranun of AA X, Tan Sri Rafidah chairman of AAX, En Azran Rani of AAX and Tan Sri Tony Fernandez of AAX

The “happy family” laughing all the way to the … . From left: Datuk Seri Nazir Razak, the CEO of CIMB Bank, Datuk Kamarudin Meranun of AA X, Tan Sri Rafidah chairman of AAX, En Azran Osman-Rani of AAX and Tan Sri Tony Fernandes of AAX

At long last AirAsia X Bhd will finally be listed in Bursa Kuala Lumpur very soon. On 10-6-2013 AirAsia X Bhd has made an official announcement of its Initial Public Offering (IPO) of up to 790,123,500 ordinary shares of RM0.15 in the main Board of Bursa Kuala Lumpur (BSKL).  The retail price of the IPO is RM1.45, which is almost 10 times above its par value. Based on its retail price it would appear that AirAsia X Bhd is a rock solid company with big “dreams” otherwise its IPO price would not have been fixed at RM1.45! (more…)

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Inspection Report on FAX/AirAsia X Sdn Bhd aircraft registration No:

Inspection Report by Fokker Services Aisa Pte Ltd on FAX/AirAsia X Sdn Bhd aircraft registration No: 9M-MGC

(more…)

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FAX also known as Fly Asian Express in 2006 to September 2007

FAX also known as Fly Asian Express Sdn Bhd in 2006 to September 2007 during its RAS days

AirAsia X Sdn Bhd, formerly known as FAX/Fly Asian Express Sdn Bhd during the Rural Air Services days in 2006 to August 2007

AirAsia X Sdn Bhd, formerly known as FAX/Fly Asian Express Sdn Bhd

The Air Operator Certificate (AOC) of AirAsia X Sdn Bhd (AAX), formerly known as Fly Asian Express Sdn Bhd (FAX), should have been withdrawn by DCA in year 2007 when it gave up the Rural Air Services (RAS) in Sabah and Sarawak. (more…)

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It all started as Flying Asian Express Sdn Bhd aka FAX. After receiving RAS & RM250 mil subsidy from Badawi's Administration dumped RAS back to MAS with 6 un-airworthy aircraft & 1 being cannibalised for spare parts.It costs MAS RM35 mil before resuming RAS again. Then changed its name to AirAsia X Sdn Bhd ...

Teks ucapan verbatim saya di Parlimen semasa membahas Ruang Undang-Udang bernama “Institut Penyelidikan Keselamatkan Jalan Raya Malaysia 2012″ pada jam 7:30 2-4-2012. Ucapan tersebut mengandungi Rural Air Service (RAS) di Sabah dan Sarawak yang terlibat Fly Asian Express Sdn Bhd sekarang telah ditukar kepada AirAsia X Sdn Bhd. Untuk maklumat latar belakang AirAsia X Sdn Bhd sdr/sdri sila baca di SINI, SINI, SINI, SINI & SINI. Sila juga baca komen YM Tengku Azmil pada tahun 2010 di SINI. (more…)

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Updated @ 4:45 pm 8-12-2011 from Kuching: Please read these two interesting articles “Did Danny Yusof nailed BN’s Coffin in Selangor” by ABITW, in HERE and “Now everybody can get screwed” by BigDog in HERE.

Di bawah adalah sebahagian daripada teks ucapan di Parlimen pada 18 Oktober, 2011 dari Hansard.  (more…)

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Tan Sri Md Nor Md Yusof & Tan Sri Tony Fernandes were smiling away!

Tony Fernandes’ Comment:

Tony Fernandes

MP Wee,

Your comments are disgraceful for a Member of Parliament.

AirAsia X has been open about the RAS issue. All our accounts have been audited by the Auditor-General’s Office. If there remains dissatisfaction, we are more than happy to have the Public Accounts Committee go through the accounts again.

Time and time again, you have repeated your baseless allegations. Yet, each time we suggest a face-to-face meeting, you have refused to accept our offer.

The last straw is dragging my late mother into this issue. There is no need to get personal. I am sure you would not want anyone to denigrate your family members as well.

Once again, I extend you an invitation to AirAsia X to meet with our management team so that we can answer any queries that you have. Azran, Kamarudin and I are at your disposal. We hope that together we can lay the issue to rest.

Tony

(more…)

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Tan Sri Azman Mokhtar, Tan Sri Md Nor Md Yusof, Tan Sri Tony Fernandes, En Mohammed Rashdan Yusof

“Tan Sri Tony Fernandes has denied that AirAsia benefited from the RM249 mil in Government subsidies paid to Fly Asian Xpress (FAX) for rural air service operations four years ago. Fernandes said that although the shareholders of FAX were similar to AirAsia, they ended up losing almost RM5 mil of shareholder capital owing to the wind-up costs of FAX.” Read HERE for full report. Was the report the truth of the situation or another spin by Tan Sri Tony Fernandes?  (more…)

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YB Dato’ Hj Mohd Hayati bin Othman [Pendang] minta Menteri Pengangkutan menyatkan jumlah subsidi yang diberikan kepada AirAsia semasa mereka melksanakan khidmat Rural Air Services (RAS) sebelum mereka kemudianya menarik diri. (more…)

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Tan Sri Dr Munir Majid, the former Chairman of MAS

Yours truly hopes that for the sake of MAS, our national carrier, En Ahmad Jauhari Yahya, the current MD of MAS, Tan Sri Azman Mokhtar, En Mohammed Rashdan Yusof, YB Tan Sri Nor Mohamad Yacop and the Government will seriously consider what the former chairman and MD of MAS have said about the track records of AirAsia and AirAsia X Sdn Bhd before embarking on more decisions. which will be detrimental to MAS.  Were the recent decisions made by the current AirAsia and AirAsia X Bhd “friendly” MAS management to cancel Firefly routes from JB to KK and Kuching in September 2011 and MAS route from KL to Bandung in October 2011 in the best interests of MAS?  (more…)

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