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Dato’ Kamarudin Meranun

MAS 2011 Report: 2 Exec Directors salaries & benefits RM3,755,000

The new livery on MAS A380. Isn’t it very attractive? Wonder what was the design cost? An airline with two logos!

Updates @2:15 pm on 28-6-2012: Yours truly has been reliably informed that Tan Sri Azman Yahya of SCOMI is still holding on to the directorship of MAS despite the unhappiness expressed by the shareholders during the MAS AGM on 21-6-2012.  Can someone in MAS help with more information on the IT related contracts?
Below are the excerpts from MAS Annual Report 2011.

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MH = “MARUAH HILANG” & “MUSNAH HARAPAN”!

En Ahmad Jauhari: MH = "Maruah Hilang" & "Musnah Harapan"?

Updated @ 12:30 am 22-11-2011:  Tan Sri Azman Mokthar, the MD of Khazanah Nasional Bhd in his briefing to PAC yesterday morning and acknowledged that they were 50 verbal and written questions raised by 36 MPs in Parliament. Yours truly regretted and apologized  that a new posting cannot be done with regards to what Tan Sri Azman Mokthar and En Ahmad Jauhari, MAS MD, have told PAC with regards to the secret MAS-AirAsia share swap and the so-called Collaborative framework on 21-11-2011. Yours truly was too elated that Malaysia won the SEA Game Football Championship. Cheers to Harimau Muda! The Harimau Muda under the leadership of Mr Ong Kim Sew have made the nation proud. Maruah Negara dan Harapan Negara dipertahanakan oleh Harimau Muda tanah airku!  

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TF didn’t tell the whole truth about AirAsia X & RAS

One not telling the truth and the other condoning it!

Updated: 25-10-2011 Please read the article quoted from Business Time report dated 21-7-2006 – AirAsia not the ‘golden child’. You will see from this report how AirAsia got all the helps (i.e. AirAsia was given 91 trunk routes and etc) from the Badawi’s Administration under the so-called “domestic air rationalisation exercise” and AirAsia grew at the expense of MAS.

Below was what Tan Sri Tony Fernandes had been reported to have said as reported by the Star on 26-4-2007 when the then Minister of Transport, Datuk Chan Kong Choy, announced that FAX/AirAsia X Sdn Bhd had to return the Rural Air Services (RAS) in Sabah and Sarawak to MAS.

“Fernandes said FAX would be launching AirAsia Long Haul operations soon, and that it would be too distracting to operate turbo-propeller aircraft as well.”

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

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.

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