
On 3-2-2015 the Transport Workers’ Union is calling on the federal government to suspend all AirAsia Indonesia flights in Australia in the wake of the crash of flight QZ8501.

On 3-2-2015 the Transport Workers’ Union is calling on the federal government to suspend all AirAsia Indonesia flights in Australia in the wake of the crash of flight QZ8501.

En Ahamd Jauhari Yahya (AJ), the Group CEO of MAS, and Puan Zahrah Zaid, the Head of Human Capital of MAS, with an entourage of 80 people brought back the A380 from Toulouse to KL. The A380 arrived KL this morning at about 9:30 am.

I would like to share this comments which I have received from a reader, Warrior 123. I am surprised that mainstream newspapers like Star and others, have resorted to quoting sources, has painted a very rosy picture of this AirAsia/MAS share swap without any analysis on the income statements of AirAsia. Please read this well thought out piece below. Judge for yourself. I hope that Tan Datuk Sri Azman Mokhtar, head of Khazanah Nasional Bhd, and the bankers can convince us otherwise with their own analysis based on the AirAsia financial statements.
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.