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?

Strictly speaking, a share swap is about financial considerations i.e. about money. But this is not a simple share swap, there was an immediate changes of the top management of MAS. MAS’s managing director, YM Tengku Datuk Seri Azmil Zahruddin, had to tender his immediate resignation. There was an immediate appointment of Tan Sri Tony Fernandes, the executive chairman of Tune Group and chief executive director of AirAsia, and Datuk Kamarudin Meranum, the deputy chief executive director of AirAsia, to the board of directors of MAS. Khazanah should have gone another step further to make this share swap complete by appointing Tan Sri Tony Fernandes as the MAS’s new managing director which appointment will make MAS moves into a new golden era.

The so-called negotiations were done in a hush-hush manner only to be leaked out on 6-8-2011 through an AirAsia very friendly news portal, The Malaysian Insider, quoting industry sources with clinical accuracy, in HERE. I must say that it was well thought out “sources” story where MAS was made out to be in the brink of collapsing.The ways in which the share swap was finalised with utmost secrecy was as though without AirAsia’s immediate “HELP” MAS would have collapsed in a matter of days!

Before the ink of  the signature of Tan Sri Tony Fernandes dried up, we already saw 2 AirAsia directors in the MAS’s board of directors and Firefly, community airline, will cease flying its current local routes, which is in competition with AirAsia.

Presumably when the delivery of the ordered 200 airbus begins early next year, MAS will have to be a good samaritan to take over the airbus and will be used on MAS existing destinations.

The aftermath of this so-called share swap will be very interesting to see.  Malaysians must congratulate Tan Sri Tony Fernandes, a good samaritan, and those behind this deal for helping out MAS, our national airline, to fly to a majestic height.

Presumably Malaysians will see the tremendous increase of the share prices of AirAsia and MAS to a phenomenal level as a result of this share swap that was shrouded with such secrecy.  Malaysia is definitely a BOLEH Land!   

12 thoughts on “Now Everyone Can Take Over Control of GLC!

  1. Brainless Khazanah

    It had to be done in secrecy because it will threaten our national security. Tony and Azman Mokhtar thought Malaysians are stupid to the core.

  2. Idiot

    Public listed companies, who are facing financial problems, need Tony Fernandes, Azman Mokhtar and Nor Yakob who can do wonder to turn them around.

    What a great deal for MAS. I hope that MAS will not become a subsidiary of MAS.

    Thank you Azman and Nor Yakob both of you have done a brilliant job for Malaysia GLC. Malaysians are proud of you.

    W e are looking for another secret share swap deal. How about Proton?

  3. TabungUji

    After this merger, Malaysians can perform hajj with AirAsia since Kalimullah and … .. Tabung Haji’s CEO, Ismee Ismail are good friends during ECM Libra days. Good lor, no need to queue for 10 years to go Hajj, just buy online But how will Pak Haji react when they see the skimpy uniform of AirAsia stewardesses on their way to perform hajj?

    Note: Sdr, sorry had to edit a bit to avoid unnecessary legal complications. Selamat berbuka puasa dan selamat berpuasa tomorrow.

  4. arianna lee

    Nothing gets better in Malaysia especially when so- called experts determined the fate of companies they think needed “help”, with hidden agendas. Poor lot!! Greatest swindlers….should be in Guiness book of records

  5. Mona

    Only time will tell the outcome of this merger. Let’s just hope that after TF & the gang already finished raping MAS, they will not give MAS back to Khazanah for tax payers bail out.

    Well he did it once.. remember Sabah&Sarawak domestic route?

  6. Enrich Member

    Now Tony Fernandes and his people are the new member of the MAS SUPER TITANIUM ENRICH card. Congratulation Tony please don’t forget to take care of me too.

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