Khazanah: “MAS-AirAsia share swap a case of “BINA” first and “FIKIR” later?

I would like to share the comment below with all the readers with regards to this so-called  “MAS-AirAisa share swap”, which was shrouded with secrecy. Khazanah Nasional Berhad is still thinking about buying the 10% share in AirAsia X Sdn Bhd. Khazanah has appointed Morgan Stanley Investment Banker to do a valuation on AirAsia X Sdn Bhd, which has posted losses amounted to almost RM90 million. Read HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE, HERE.

“Anonymous

Submitted on 2011/08/26 at 9:26 am

Dear YB, i have much respect for you in highlighting all these matters over the years. Keep up the good work.

Wish to add some comments on the matter.

I believe when Idris Jala was brought into MAS, he & his team (including MAS) had prepared quite a comprehensive plan to turnaround the airlines. of which straddles over a couple of years. When he left Tengku Azmil was tasked to takeover his position, & naturally continued with the turnaround plan. However with the current economic state & oil price uncertainties, MAS suffered over the last few quarters (other airlines are also not doing well, if you can confirm this).

When the recent corporate exercise was announced, we didn’t really see or was clearly informed / explained of the way forward or the exact ‘Turnaround Plan 2.0′(?) although one of the main reason was that MAS was not performing over the last 2 quarters? How come? Hope that this is not the case where you Bina first & then Fikir later(??), mind the pun.

If there is a plan, how much creativity would the plan be & how much does it differ than the ones that were put in action since Idris Jala’s tenure? The new Turnaround Plan 2.0 should be very much better & much more creative to justify the recent corporate exercise.”

Thank you Anonymous for your comment.

Selamat Hari Raya to all Muslims. Those who are driving back to their hometowns, please drive safely. For non-Muslim have a pleasant holiday. Another interesting article on LSG Sky Chef Brahim Sdn Bhd, formerly known as MAS Catering Sdn Bhd, will be posted after Hari Raya so that we all can celebrate a Happy Hari Raya.