Updates @ 4:30 pm on 28-3-2012: Tonight the Ministry of Finance (MOF) will be replying to the issues raised on the MAS-AirAsia share swap and CCF in yours truly’s speech “Pengkhianat dan Pengkhianat Negara” in HERE & HERE. Parliamentary session will be on until MOF finishes its reply. It could be as late as 11:30 pm! The MOF’s replies on the MAS-AirAsia share swap and CCF will be posted as soon as possible.
At 1:30 pm on 26-3-2012 MAS management came to Parliament to brief MPs. MAS Management team was represented by En Ahmad Jauhari Yahya (AJ), Tan Sri Md Nor Yusof (Md Nor) and Tun Abdullah Hj Ahmad Badawi, as MAS Advisor. Another person from MAS, whom yours truly is not familiar with. It could be En Rozman Omar. Tan Sri Azman Mokhtar (Amok) represented Khazanah Nasional Bhd (khazanah). Yours truly was told that Amok’s crony Rashdan was there but could not be seen. The briefing was chaired by YB Dato’ Seri Hj Ahmad Husni Hanadzlah, Minister of Finance II. YB Datuk Kong Chong Ha, the Minister of Transport, was also present.
MAS Financial Results 2011: CCF& Share Swap did not result in 2011 Losses of RM2.52 – Due to legacy issues, operational challenges & provisions for impairment. Provision made in Q 11 totalling RM1.09 billion for:
Redelivery of aircraft RM602 million
Impairment of freighters RM314 million
Stock obsolescence RM179 million
Connectivity Maintained to Penisular Malaysia -Sabah -Sarawak
Suspension of MAS international routes does not benefit AirAsia (AA).
MAS suspended Dubai, Dammam, Karaci, Cape Town, Johanesburg, Buenos Aires & Rome. AA still does not fly to these destinations.
MAS suspended KK hub – Osaka, Haneda (Tokyo), Seoul, Perth. AA still does not fly to these destinations.
AA suspended Paris, London, Mumbai, New Delhi. Sole MAS carrier flying there.
MAS for no apparent reason suspended its Bandung and Surabaya, Indonesia, routes. AA flies there! Just to name one example. So AJ: What have you got to say about this?
Recovery Plan: To win Back customers
Branded Customer Experience
Increase corporate sales & front-end sales
How? By Amok’s crony, Rashdan, Deputy Group CEO, flagrant breach of MAS policy on “NO BABY IN FIRST CLASS”. Abusing his power as Deputy Group CEO highhandedly upgraded his baby and nanny to First Class cabin. What disciplinary actions taken by MAS on this matter? Answer is an obvious “NO”. Please read HERE.
AJ was, as usual, bragging about their stale “Business Plan”. Under this, “Recovery Plan” consisting of: “Smaller yet profitable network. Win back customers. Relentless cost focus. Keep it simple. Bridge the funding gap. Then “Games Changers” Launch new regional premium airline. Alliance & Partnership. Collaboration with AirAsia & AirAsia X. Ancillary business spin-off.”
Of course, AJ can’t wait to stress on the joint procurement with AirAsia for services, food and others. Most probably that will include buying of aircraft too. After all there are 200 units of Airbus up for “grabbed”! This is one of the best features of “Comprehensive Collaboration Framework” (CCF).
All the big words that were only used by consultant! They were so difficult to understand. The most easiest and obvious of all was the stressing of “Collaboration with AirAsia & AirAsia X”! That we all knew from day one of the secret share swap!
AJ’s favourite was to repeat the heavy losses of RM2.5 billion, which was un-audited and includes fuel cost, obsolete spare parts and etc. How could these items be considered as part of the losses? Read HERE.
AJ also spoke about “People Issue” i.e. over staffing and low productivity. Options: “Normal employee attrition. Transfer to new growth Strategic Business Units. Secondment and/or other growth airlines.”
AJ, oblivious to the facts MAS staff, in particular the crews, have received many awards for many years like “World Best Cabin Crew” award and etc. Why blame the low ranking staff!
MAS organization is just TOP too heavy. Can you imagine if the MAS aircraft is TOP heavy? It will nose dive! AJ, please look around near your office, they are too many “Panamera Dead Woods” lurking around that ought to be sacked. But parasites are there to be kept so that they can be “YES, I AM, SIR, YOUR OBEDIENT SERVANTS”! It is for this reason that many good people in the top management have left MAS leaving a Department filled with Panamera Dead Woods.
Of course, AJ may have been advised by the Mat Salleh consultant, PlaneConsult, and others that to make a point that MAS Unions are with the MAS management.
As expected AJ proudly declared that on 2-3-2012 MASEU and Airline Workers Union Sarawak (AWUS), Air Transport Workers Union Sabah (ATWUS) have signed the Collective Agreement (CA).
Despite Company’s loss position, Unions will receive salary increment from April 2011 onwards. Continuous engagement on-going with other unions & associations to conclude other CA.
MOVE TO KLIA:
To improve business efficiency & employee productivity
Enable Malaysia Airlines to be more agile & Responsive to customer needs.