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Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million

The Happy Family of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.
The iconic photo of the “Happy Family” of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.

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.  

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