Tag: Tan Sri Tony Fernades

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

On By weechookeongIn wee choo keong18 Comments
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Certificate (AOC) of AirAsia X Sdn Bhd (AAX), formerly known as Fly Asian Express Sdn Bhd (FAX), should have been withdrawn by DCA in year 2007 when it gave up the Rural Air Services (RAS) in Sabah and Sarawak.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 “DCA failed to withdraw the AOC of FAX / AirAsia X in 2007 (Part 1)” →

“NOW EVERYONE CAN FLY MAS WITH LOW COST FARE” – Part 1

On By weechookeongIn wee choo keong49 Comments
The architects of the MAS-AirAsia share swap and CCF

Updates 2 11:30 am 12-4-2012: Apparently the Special Rate Fare charged to AAX is ALL inclusive of the Airport Tax, Emission Tax for London and Paris sectors and Fuel Surcharge.  After the deductions for the taxes and Fuel Surcharge, the fare KL – London will be left with RM500  for MAS to cover its fuel cost!  It is definitely a rewarding deal to some! But losses to MAS. 

In Utusan on 12-4-2012, MAS latest promotions in to Hong Kong fare at RM809, Jakarta RM609 and Ho Chi Minh City RM709. Just compare them to the Special Rate Fare to London that MAS only received a mere pittance of RM500 for up-lifting AAX passengers.

 AJ has proudly told the MPs during the briefing on 26-3-2012 that AAX has paid RM20 Million to MAS as deposit. The RM20 million only covers an average cost of about RM570 per AAX passengers!  

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The share swap deal between Malaysia Airlines (MAS) and AirAsia has been a rewarding experience to date with good progress achieved in respect of collaboration, says AirAsia Bhd Group Chief Executive Officer, Tan Sri Tony Fernandes.  Continue reading ““NOW EVERYONE CAN FLY MAS WITH LOW COST FARE” – Part 1″ →

MAS paid US$3.35 million under anti-trust law in US

On By weechookeongIn wee choo keong37 Comments

Updated @ 12:25 am 19-12-2011: Please read “Azman Mokhtar must Go (part 3)” by Jebut Must Die and judge for yourself.

Updated @ 12:30 am 15-12-2011: MyCC to investigate into the MAS -AirAsia share swap comes Jan 1, HERE.

MAS has announced on 18-02-2010 that 0n 16-2-2010 it had received a complaint filed in the US District Court for Eastern District of New York on behalf of Benchmark Export Services and six other plaintiffs against MAS and 11 other defendants on the allegations of price fixing airfreight shipping services and fuel surcharge and etc. MAS has denied such infringement. On 11-7-2011 MAS paid US$3.35 million as an out of Court settlement which can be considered as the lowest settlement sum under anti-trust laws. Continue reading “MAS paid US$3.35 million under anti-trust law in US” →

Dr Wafi’s advice to all employees of MAS

On By weechookeongIn wee choo keong27 Comments
Dr Wafi Nazrin Tan Sri Abdul Hamid, Head of Legal / Risk Department of MAS.

Dr Wafi Nazrin Tan Sri Abdul Hamid, the Head of Legal and Risk Department of MAS and an expert in competition law, has given a very good advice to the members staff of MAS on the MAS – AirAsia’s “Collaborative Frameworks”. Please read his e-mail and the reply from one of the MAS unions below. Read Here for related article. Continue reading “Dr Wafi’s advice to all employees of MAS” →

Khazanah: AirAsia X Sdn Bhd is a 31.7% foreign owned company with a recorded loss of RM89.935 millions!

On By weechookeongIn wee choo keong22 Comments

Perhaps on 8-8-2011, when Khazanah Nasional Bhd thumb printed its intention to purchase 10% of AirAsia X Sdn Bhd, as part of its attempt to save MAS from imminent collapsed, and commissioned Morgan Stanley Investment Bank to do a valuation of AirAsia X Sdn Bhd, it was totally ignorant of the corporate structure of AirAsia X Sdn Bhd that:

a.  31.7 % of its shares are foreign owned; and

b.  sustained a loss of RM89, 835, 000-00 as recorded with the authority and etc. Continue reading “Khazanah: AirAsia X Sdn Bhd is a 31.7% foreign owned company with a recorded loss of RM89.935 millions!” →