Tag Archives: Rural Air Services

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

36 Replies
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 →

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DCA failed to withdraw the AOC of FAX / AirAsia X in 2007 (Part 2)

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The then Fly Asian Express Sdn Bhd aka as FAX. Now known as AirAsia X Sdn Bhd

The report for aircraft bearing registration no: 9M-MGA that was used by  Fly Asian Express Sdn Bhd aka as FAX during the Rural Air Services (RAS).  FAX is now known as AirAsia X Sdn Bhd

 

This was part of the report dated 03-07-2007 signed by Mr L. J.F van Meer, Mr J.N.A. Arnold and Mr E.J. Todd of Fokker Services Asia Pte Ltd (FSA), a fully owned subsidiary of Fokker Service B.V. for one of the twelve aircraft, bearing registration no: 9M-MGA. Continue reading →

DCA failed to withdraw the AOC of FAX / AirAsia X in 2007 (Part 1)

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FAX also known as Fly Asian Express in 2006 to September 2007

FAX also known as Fly Asian Express Sdn Bhd in 2006 to September 2007 during its RAS days

AirAsia X Sdn Bhd, formerly known as FAX/Fly Asian Express Sdn Bhd during the Rural Air Services days in 2006 to August 2007

AirAsia X Sdn Bhd, formerly known as FAX/Fly Asian Express Sdn Bhd

The Air Operator Certificate (AOC) of AirAsia X Sdn Bhd (AAX), formerly known as Fly Asian Express Sdn Bhd (FAX), should have been withdrawn by DCA in year 2007 when it gave up the Rural Air Services (RAS) in Sabah and Sarawak. Continue reading →

AirAsia shouldn’t delay to terminate all its agreements with MAS

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It is only fair that AAX should also return its Sydney route to MAS. Pic: 4th from left, YB Tan Sri Rafidah Aziz, the chairman of AAX Sdn Bhd

“Low-cost carrier AirAsia Bhd wants to opt out of all joint-venture agreements with national carrier Malaysia Airlines (MAS), a source says. AirAsia decided at a board meeting last week that it would seek to terminate its agreements with MAS soon, according to the source, in HERE. Continue reading →

“Ular lidi, ular sawa, sekarang jadi anakonda”

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Datuk Azmi Murad

Lapuran Hansard pada 20-6-2012 – Delum disemak

4.12 ptg.
Tuan Wee Choo Keong [Wangsa Maju]: Terima kasih Tuan Yang di-Pertua. Saya bangun untuk membahas Akta Pembekalan Tambahan 2012. Continue reading →

Tony: The truth hurts!

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Tan Sri Md Nor Md Yusof & Tan Sri Tony Fernandes were smiling away!

Tony Fernandes’ Comment:

Tony Fernandes

MP Wee,

Your comments are disgraceful for a Member of Parliament.

AirAsia X has been open about the RAS issue. All our accounts have been audited by the Auditor-General’s Office. If there remains dissatisfaction, we are more than happy to have the Public Accounts Committee go through the accounts again.

Time and time again, you have repeated your baseless allegations. Yet, each time we suggest a face-to-face meeting, you have refused to accept our offer.

The last straw is dragging my late mother into this issue. There is no need to get personal. I am sure you would not want anyone to denigrate your family members as well.

Once again, I extend you an invitation to AirAsia X to meet with our management team so that we can answer any queries that you have. Azran, Kamarudin and I are at your disposal. We hope that together we can lay the issue to rest.

Tony

Continue reading →

Was Tony trying to spin again?

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Tan Sri Azman Mokhtar, Tan Sri Md Nor Md Yusof, Tan Sri Tony Fernandes, En Mohammed Rashdan Yusof

“Tan Sri Tony Fernandes has denied that AirAsia benefited from the RM249 mil in Government subsidies paid to Fly Asian Xpress (FAX) for rural air service operations four years ago. Fernandes said that although the shareholders of FAX were similar to AirAsia, they ended up losing almost RM5 mil of shareholder capital owing to the wind-up costs of FAX.” Read HERE for full report. Was the report the truth of the situation or another spin by Tan Sri Tony Fernandes?  Continue reading →