Tag Archives: MOT

AirAsia’s X’mas Big Sale!

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AirAsia's advertisement for tickets sale well after 31 March 2013 (see parts marked with arrow)

AirAsia’s ads for tickets sale well after 31 March 2013 (see parts marked with arrow). This advertisement appeared in the Star on 28-11-2012. Is this advertisement misleading?

17-12-2012 @6:30 pm: Yours truly has been informed by YB Datuk Ismail Sabri, Minister of Trade, Co-operatives and Consumerism, that his Ministry has taken the necessary actions to stop AirAsia  from selling of tickets beyond 31 March 2013 as AirAsia’s AOC is only valid until 31 March 2013.

It has been widely reported in the newspapers recently that the Air Operation Certificate (AOC) of AirAsia has been granted by Department of Civil Aviation (DCA) for a six month period until March 31, 2013 due to failure to meet the regulatory requirement as reported in HERE. Normally, OAC is granted to an airline for a two years period. Up to this date, the said press report by the Sun Daily and New Strait Times have not been refuted by the management of AirAsia or denied by Minister of Transport or DCA. Continue reading →

YB Senator Datuk Idris Jala: Is this AirAsia/MAS share swap an indirect bailout?

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The MAS/AirAsia share swap deal:  “AirAsia’s Fernandes to gain 20% stake in national carrier”.  The front page sources story in the Star today.  “Fernandes declined to comment when asked about the deal.”, so says The Star.  This was not what we know of Tony Fernandes, who loves publicity and is well known to jump on anything to say his bit to enhance his image. Read HERE.

This “share swap deal” is a joke of the century.  It would appear that now AirAsia, which has been known to have the special “abilities” to owe airport taxes to the tune of more than RM125 million since it inception until 2010, has been made out to look like a white knight for MAS.

THE PERTINENT QUESTION NOW IS: IS AIRASIA BAILING OUT MAS OR MAS HAS BEEN USED AS A VEHICLE TO BAIL OUT AIRASIA?  Your views please, YB Senator Datuk Idris Jala, the former CEO of MAS, on this issue. 

Please read further.  I leave it to you to judge. Continue reading →