Khazanah: What actions are to be taken on the losses of RM1.17 bil by MAS?

MAS losses for 2013 RM1.17 billion!
MAS losses for 2013 was RM1.17 billion!

En Ahmad Jauhari Yahya (AJ), the Group CEO of MAS, announced yesterday that MAS chalked up RM1.17 bil losses for 2013!  In August 2013 AJ had told the nation that MAS will be on track to profitability by the end of 2014 as his Business Plans of 2011 was gaining traction, in HERE. With the losses of RM1.17 bil for 2013, it will be a miracle if MAS could turnaround as predicted by the end of 2014. Continue reading “Khazanah: What actions are to be taken on the losses of RM1.17 bil by MAS?”

“MAS Net Loss of RM830 mil for 9 months Jan to Dec 2013”

Perhaps AJ does not under the history of MH. It is Malaysia Hospitality and not Musnah Harapan.
“Stay focused” says AJ.  “Stay Focus” to look after the interest of other airline?  It seems that now MH stands for “Maruah Hilang” & “Musnah Harapan”!

Yours truly went to the same mamak stall for a teh tarik this noon and someone has just passed the e-mail entitled “Stay Focused In Our Journey” from MAS Group CEO, which is still warm from the oven.   Continue reading ““MAS Net Loss of RM830 mil for 9 months Jan to Dec 2013””

Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 4

"Now Everyone Are Not So Happy"
“Now Everyone In the Happy Family Could Not Smile” after  the MAS-AirAsia share swap was un-wound on 1-5-2012.

For Part 1, 2 and 3 of this topic please read HERE, HERE and HERE.

1-5-2012  The notorious MAS – AirAsia share swap was unwound by PM YAB Datuk Seri Najib, HERE. Continue reading “Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 4”

Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 3

The Happy Family of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.
The iconic photo of the “Happy Family” of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.

On 8-8-2011 the MAS-AirAsia share swap was inked by Tan Sri Azman Mokhtar, the MD of Khazanah, and Tan Sri Tony Fernandes of AirAsia. The the Advisor of the said share swap was none other than Dato’ Seri Nazir Razak of CIMB.   On 6-9-2013 both MAS and AirAsia were fined RM10 million each for “collaborating to integrate some routes in which they had  earlier competed” under the said share swap.  Part 1 was about the inking of the said MAS -AirAsia share swap with the advice from Datuk Seri Nazir Razak / CIMB and Bain & Co, HERE and Part 2 was the chronology of events after the said share swap before the appointment of AJ as  Group CEO of MAS, HERE.   Continue reading “Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million – Part 3”

Tony: Why AirAsia & X still send aircraft to MAS Engineering?

AirAsia A320 undergoing maintenance works in MAS Hangar No: 5 in KLIA
AirAsia A320 and AirAsia X undergoing maintenance works in MAS Hangar No: 5 in KLIA

AirAsia A320 and AirAsia X A330 aircrafts are a regular sight in MAS Hangar 5 in  KLIA.  It seems that Hangar 5 has been reserved exclusively for AirAsia and AirAsia X at the expense of MAS. Continue reading “Tony: Why AirAsia & X still send aircraft to MAS Engineering?”