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”
Updates on 23-8-2013 @1:00 am:
Rumour has it that Dr Hugh Dunleavy’s salary is in the region of RM100,000-00 a month plus other perks. His two years contract will expire in mid January 2014. Rumour also has it that Dr Hugh is lobbying to have his contract extended. Under the circumstances, Dr Hugh can not be blamed for lobbying for extension. This also apply to a few others!
From now on, Dr Hugh had to be extremely nice to Puan Zahrah Zaid, formerly from Danone Biscuit Company. She joined MAS during the MAS-AirAsia share swap. About Puan Zahrah Zaid please read “Now Everyone Can Join MAS”.
Dr Hugh is known for his VAST experience in Westjet. He joined Westjet in January 2005 and in 2011 he was made redundant. God knows why a man of such caliber was made redundant!
As at December 2007 Westjet was flying to only 26 destination within Canada and 12 in America. It has 70 aircrafts including its 13 owned 600s series, 16 leased and 35 owned 700s series. Revenue between $1 billion to $5 billion and employees between 5,000 to 10,000. Westjet is no bigger than AirAsia. No wonder Dr Hugh needed Seabury Consulting to think for him and his boys.
Next Change/AKAN DATANG: “The AJ’s Talented Hollywood & Bollywood STARS”
40 years and 9 months ago, the nation saw the birth of our “Golden Child”, MAS. That memorable day was 1-10-1972. Yg Bhg Tan Sri Aziz Abdul Rahman and the loyal Malaysians including Dr Mohamadon Abdullah, who is now a director of MAS, had to steer MAS from nothing and they did make us proud.
On 9-7-2013 En Ahmad Jauhari Yahya (AJ), the CEO of MAS, has made an announcement that beside the additional route to Darwin, MAS will be reinstating the Dubai route on 1-9-2013, in HERE. Continue reading “WAU! MAS reinstated “UNPROFITABLE” Dubai route!”
After some 10 months in MAS En Ahmad Jauhari Yahya (AJ), as MAS Group CEO, should have been able to identify some of the major leakages that needed to be plugged as part of his many BIG turnaround plans. But it would appear that AJ is more interested in plugging the wrong LEAKS! Continue reading “AJ plugs the wrong “LEAKS”!”
Updates @ 9:05 pm on 21-6-2012: Tan Sri Wan Azmi binWan Hamzah steps down from MAS Board during the AGM. The other aviation experts like Tan Sri Azman Yahya, Tan Sri Tan Boon Seng of IJM, Dato’ Rohanan binti Rozhan from ASTRO and David Lau Nai Pek are holding on to their directorship even though they could not show what were their contributions for the past TEN MONTHS. Tan Sri Wan Azmi;s said decision should be applauded and a very responsible acts.
One would have thought that Tan Sri Azman Yahya is a very busy man with so many companies to take care of especially SCOMI. The four chose to remain for reasons best known to themselves. Will do another posting soon about those remaining.
Updates @ 12:50 pm on 21-6-2012: The minority shareholders were questioning the competent and integrity of members of the Board of directors of MAS. They have also expressed their discontent with regards to their performance. From 10: 10 am this morning until now, the Board was still facing heavy criticisms from the shareholders. They could not even proceed to pass Resolution 1 to approve the Financial Statement let alone their Re-elections. The Board have been subjected to severe embarrassment. Yours truly has been informed that Tan Sri Azman Mokhtar’s most trusted crony, Rashdan, did not attend the AGM.
Yours truly must apologies for not been able to attend because your truly question on the BinaFikir‘s consultancy fees and the 12 companies involved in the fuel hedging losses for RM3.3 billion for Parliament was No: 4 on the list. It was answered at 10: 30 am this morning. It will be posted here later.
After the MAS-AirAsia share swap, the brainchild of the little Napoleons in Khazanah Nasional Bhd, MAS will now hold its AGM on 21-6-2012 at 10:00 am, MAS Academy. Continue reading “MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election”