Tag Archives: AirAsia X Bhd

Thump Up To MAVCOM To Protect Travelers On Refund of PSC

In December 2011 AirAsia was campaigning against the increased of PSC by MAHB. What a noble act!

It is an open secret that airlines have forfeited the Passenger Service Charge (PSC) or Airport Tax of no-show passengers and treated the unclaimed Passenger Service Charge or Airport Tax as part its revenue. This is definitely no right under law. Continue reading


Court Finds: “True or Substantially True” – Part Two (MAHB had imposed more than RM604,236.65 in late payment charges against AirAsia Group)

Now Everyone Can Know The Truth

During the recent concluded defamation trial Ms Vijaya Priya A/P Ananthan, the AirAsia Bhd’s (AirAsia) Government Relation Officer, had testified in the AirAsia’s defamation suit against yours truly  that when MPs submitted questions concerning AirAsia in Parliament, AirAsia will be consulted by the Ministry of Transport and AirAsia will prepare answers for the Ministry to reply in Parliament. Continue reading

BK Sidhu quoting sources again, Idris Jala & AJ had to clarify

The article by the highly acclaimed BK Sidhu, the News Editor of Bsiness Star, and her reporter

The article on by the highly acclaimed BK Sidhu, the News Editor of Business Star, and her reporter, appearing on 14-8-2013 in StarBiz

The highly acclaimed journalist Ms BK Sidhu, who has just being promoted as the new Editor of StarBiz, had quoted an unknown source that the AirASIA X IPO SHARE will be over-subscribed by 3 to 4 times which later turned out to be FALSE.  Maybank Investment Bhd, whose CEO is YM Tengku Zafrul Aziz, had to pumped in RM39.688 million to stabilise AirAsia X IPO share price of RM1.25, in HERE. Continue reading

“Maybank Investment pumped another RM8.45m to prevent AirAsia X share price from dropping”

Maybank Investment

Maybank Investment has again pumped another RM8.45 million into AirAsia X to prevent its share  price from falling!

The Deputy Editor of Star Business, Ms BK Sidhu, has promoted AirAsia X IPO in her column that it will be over-subscribed by three to four times, HERE & HERE. Continue reading

Maybank Investment bought 19.5 million shares of AirAsia X to stabilise the IPO price

Now Everyone Can Buy AA X share including Maybank!

Now Everyone Can Buy AA X share including Maybank!

The highly acclaimed  journalist of the Business Star aka the promoter for AirAsia, B K Sidhu, on 18-6-2013 wrote in her column prior to the closing of the AirAsia X Bhd IPO that AirAsia X IPO will be over-subscribed by THREE to FOUR  TIMES!  For full report in HERE and article in HERE. Continue reading

B K Sidhu’s source said “AirAsia X IPO over subscription rate is 5 to 6 times”!

B K Sidhu is the de facto spokewoman for AirAsia & AirAsia X

B K Sidhu seems to be the de facto spokewoman for AirAsia & AirAsia X. She has been known to have written only positive articles on AirAsia and AirAsia X Bhd

The directors/shareholders of AirAsia X Bhd, which is part of the group of AirAsia Bhd, namely Tan Sri Tony Fernandes, Datuk Kamarudin Meranun, Datuk Kalimulah Hassan, Mr Lim Kian Onn, Tuan Omar Ong  and others must be jumping for joy after reading the advertisement campaign article above by Ms B K Sidhu of the Star.  Continue reading

“Now Everyone Can Buy AirAsia X shares 10 times above its par value of RM0.15”

The happy "family". Left to right: Datuk Nasir Razak, the CEO of CIMB, Datuk Kamarudin Meranun of AA X, Tan Sri Rafidah chairman of AAX, En Azran Rani of AAX and Tan Sri Tony Fernandez of AAX

The “happy family” laughing all the way to the … . From left: Datuk Seri Nazir Razak, the CEO of CIMB Bank, Datuk Kamarudin Meranun of AA X, Tan Sri Rafidah chairman of AAX, En Azran Osman-Rani of AAX and Tan Sri Tony Fernandes of AAX

At long last AirAsia X Bhd will finally be listed in Bursa Kuala Lumpur very soon. On 10-6-2013 AirAsia X Bhd has made an official announcement of its Initial Public Offering (IPO) of up to 790,123,500 ordinary shares of RM0.15 in the main Board of Bursa Kuala Lumpur (BSKL).  The retail price of the IPO is RM1.45, which is almost 10 times above its par value. Based on its retail price it would appear that AirAsia X Bhd is a rock solid company with big “dreams” otherwise its IPO price would not have been fixed at RM1.45! Continue reading