Tag Archives: Aston Villa

Perjanjian MAS, AirAsia batal?

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Tan Sri, who is your "winner" in the secret share swap?

Updates: 12-03-2012 @ 9:15 pm:  TV3 prime time news at 8:00 pm also gave a lengthy report with regards to the news of “reversing or cancellation” of the secret MAS-AirAsia share swap and CCF. Of course, Khazanah headed by Tan Sri Azman Mokhtar, the ex founder of BianFikir Sdn Bhd refused to comments on the news. Tan Sri Tony Fernandes of AirAsia Bhd, AirAsia X Sdn Bhd and Tune Air Sdn Bhd has tweeted to say that he was not aware of the said news.

Yours truly has read an interesting article in Utusan today at page 18 with the headline “Perjanjian MAS, AirAsia batal?”. It said “sebelum ini, pertukaran saham antara syarikat penerbangan itu menimbulkan banyak polemik sehingga Suruhanjaya Sekuriti (SC) dan Bursa Malaysia terpaksa menjalankan siasatan.” The most interesting of all is “… bahawa kerjasama hanya memberi keuntungan besar kepada AirAsia.” (“… that the said co-operation only benefited AirAsia.”). Please read  in HERE, HERE, HERE, HERE & HERE. 

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Petition Campaign: “HENTIKAN KEMUSNAHAN MAS”

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The logo for the Petition Campaign against the MAS - AirAsia share swap & CCF

Yours truly has been alerted by Anak Malaysia that a Petition Campaign has been launched against the secret MAS-AirAsia share swap and the “Comprehensive Collaborative Framework” (CCF). The said secret share swap and CCF were the brainchild of Tan Sri Azman Mokhtar, the MD of Khazanah Nasional Bhd, and his ex-business partner of BinaFikir Sdn Bhd and crony, En Mohammed Rashdan Yusof a.k. Danny (Rashdan). After a short span of 8 years BinaFikir Sdn Bhd was sold to Maybank Bhd for a whooping RM8 million!  Continue reading →

Is MAS serious about joining Oneworld?

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En Mohammed Rashdan Yusoff aka Danny, Tan Sri Azman Mokthar's crony and ex-business partner in BinaFikir Sdn Bhd, was talking about "PERFORMANCE". Performance by spending RM18 million to sponsor QPR and cutting routes to benefit AA?

YM Tengku Azmil, the previous MD of MAS, who resigned immediately after the signing of the secret MAS – AirAsia share swap and the Comprehensive Collaborative Agreements (CCF) on 9-8-2011, has signed an MOU with Oneworld on 5-6-2011. Oneworld is an alliance comprises of 12 IATA airlines. MAS was supposed to formerly join the Oneworld in September/October  last year. Read in HERE, HERE & HERE. Continue reading →

Questions time 9-11-2011: MAS sold 70% of MAS Catering & signed a 25 year exclusive contract

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09.11.2011

Y.B. TUAN WEE CHOO KEONG [ WANGSA MAJU ] minta MENTERI KEWANGAN menyatakan:-

(a)     mengapa pada tahun 2003, MAS yang berada di bawah Tan Sri Md Nor Md Yusof, yang pada masa itu merupakan Pengarah Urusan MAS dan juga arkitek bagi Widespread Asset Un-bundling aka “WAU” telah menjual 70% saham daripada bahagian di dalam MAS Catering Sdn Bhd, sebuah syarikat MAS yang ‘profitable’ dengan purata perolehan tahunan sebanyak RM300 – RM400 juta dan keuntungan bersih sebanyak RM50 juta atau lebih setiap tahun, kepada sebuah syarikat dan serentak dengan itu MAS memasuki suatu perjanjian yang dianggap berat sebelah terhadap MAS di mana MAS terpaksa membeli semua makanan dan minuman serta lain-lain perkhidmatan kabin dengan keuntungan jaminan daripada syarikat tersebut selama 25 tahun; dan

(b)     nama syarikat itu dan juga harga jualan serta butir-butir penuh perjanjian selama 25 tahun tersebut dan apakah tindakan yang telah diambil oleh Khazanah untuk memecahkan perjanjian yang tidak adil ini yang boleh menjejaskan pertumbuhan MAS dan/atau untuk meringankan beban kewangan MAS. Continue reading →

Rashdan & Co: BINA tak Fikir wang rakyatkah?

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Rashdan aka Danny, the whizz kid who know only “Bina tak Fikir wang rakyat!”

It was reported in the Star today that the sponsorship for QPR home jersey will cost MAS RM18 million for two years. Whereas in June 2011 Genting UK sponsors Aston Villa, a much more renown team, main jersey for only RM17 million also for two years. For full report, please see below.  This was how En Mohmed Rashdan Yusof aka Danny, the newly crowned Executive Director of MAS by Khazanah, was trying to save MAS from the brink. It was a senseless decision by MAS. A clear case of no due diligence being exercised before making the decision. Just like the secret MAS-Asia share swap! A clear case of being led by the nose! Continue reading →