Does AirAsia deserve to be the “Golden Child” / “Ibarat Anak Mas”?

Rt: Tan Sri Tony Fernandes must be pleased that the Government has declared that AirAsia is the "Golden Child".
Rt: Tan Sri Tony Fernandes. He must be pleased that the Government has declared that AirAsia is the “Golden Child” / “Ibarat Anak MAS”.

AirAsia has been complaining so much about the delay and the escalating costs of KLIA2. The said complaints were  highlighted by YB Tony Pua as usual.  Please “Tony Spins, Tony takes it up”.

The AirAsia’s complaints HERE & HERE.

AirAsia was concerned about safety issues HERE. Read further on safety issues concerning AirAsia HERE & HERE.

Below is the reply from the Deputy Minister of Transport in Parliament to-day with regards to the  AirAsia’s complaints about KLIA2, which was highlighted by YB Tony Pua.

KLIA2 Cost Went Up Among Others To Meet Airasia’s Requests, Dewan Rakyat Told

KUALA LUMPUR, July 10 (Bernama) — The increase in construction cost of low-cost carrier (LCC) terminal KLIA2 to RM4 billion from RM2 previously was due to among others to meet requests by AirAsia, the Dewan Rakyat was told Wednesday.Deputy Transport Minister Datuk Abdul Aziz Kaprawi said AirAsia as the biggest operator at KLIA2, among others asked for more floor space and infrastructure including extending and expanding the runway, increase arrival and departure gates, automatic baggage handling system besides having a premium airport lounge.The airline also wanted its Tune Hotel and headquarters sited at the facility, he said.”We entertained many requests by AirAsia which I see as a golden child to raise the specifications (at KLIA2) and this contributed to the higher cost.”The requests by AirAsia had to be considered in view of new developments apart from the rapid expansion of the national airline industry,” he said when winding up debate on the Royal address.Abdul Aziz said the runway extension involved lengthening the runway from 2.5km to 4.4km and widening it to 2.2km to cater to bigger jets like the Airbus A380.Floor space expansion was from 150,000 square metres to 250,000 square metres and the number of gates was increased from 55 to 68, he said, adding that the upgrading was to be able to cater to an increased capacity of 45 million passengers annually.This got Bung Moktar Radin (BN-Kinabatangan) riled up and demanded to know what was so special about AirAsia that its requests needed to be entertained.Abdul Aziz replied that the requests were met based on commercial logic, as being the biggest tenant, the airline’s views had to be given due consideration.

He also said the cost was still considered low compared to other countries as it cost only RM89 per passenger whereas in Germany it was RM478 per passenger for the same capacity.

“The Hong Kong International Airport costs RM2,143 (per passenger) and Singapore’s Changi Airport RM2,906 (per passenger). So in many ways, the KLIA2 is among the cheapest and fastest to be constructed,” he said.

The Dewan sits again tomorrow.

— BERNAMA

Link: Bernama English version HERE.
Link: Bernama versi Bahasa Malaysia DI SINI.

IPO of AirAsia X at RM1.45 per share

 BK Sidhu of the Star has sought the help from her crystal ball and promoted the IPO of AirAsia X in  B K Sidhu’s source said “AirAsia X IPO over subscription rate is 3 to 4 times”!
WHAT HAD HAPPENED TO THE IPO OF AIRASIA X?
Ever since the closing of the said IPO, tThere was no thunderous announcement from Tan Sri Tony Fernandes and/or his CIMB’s advisor. If we were to believe BS Sidhu’s highly professional promotion article in the Star the IPO of AirAsia X had to be over-subscribed by at least four times if not more than five!

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