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AirAsia shouldn’t delay to terminate all its agreements with MAS

It is only fair that AAX should also return its Sydney route to MAS. Pic: 4th from left, YB Tan Sri Rafidah Aziz, the chairman of AAX Sdn Bhd

“Low-cost carrier AirAsia Bhd wants to opt out of all joint-venture agreements with national carrier Malaysia Airlines (MAS), a source says. AirAsia decided at a board meeting last week that it would seek to terminate its agreements with MAS soon, according to the source, in HERE.

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Parliamentary Questions for June Session

SOALAN – SOALAN UNTUK SESI PARLIMEN JUN 2012 OLEH YB WEE CHOO KEONG [WANGSA MAJU]

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Perjanjian MAS, AirAsia batal?

Tan Sri, who is your "winner" in the secret share swap?

Updates: 12-03-2012 @ 9:15 pm:  TV3 prime time news at 8:00 pm also gave a lengthy report with regards to the news of “reversing or cancellation” of the secret MAS-AirAsia share swap and CCF. Of course, Khazanah headed by Tan Sri Azman Mokhtar, the ex founder of BianFikir Sdn Bhd refused to comments on the news. Tan Sri Tony Fernandes of AirAsia Bhd, AirAsia X Sdn Bhd and Tune Air Sdn Bhd has tweeted to say that he was not aware of the said news.

Yours truly has read an interesting article in Utusan today at page 18 with the headline “Perjanjian MAS, AirAsia batal?”. It said “sebelum ini, pertukaran saham antara syarikat penerbangan itu menimbulkan banyak polemik sehingga Suruhanjaya Sekuriti (SC) dan Bursa Malaysia terpaksa menjalankan siasatan.” The most interesting of all is “… bahawa kerjasama hanya memberi keuntungan besar kepada AirAsia.” (“… that the said co-operation only benefited AirAsia.”). Please read  in HERE, HEREHERE, HERE & HERE

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TRIO’s actions endorsed by Khazanah & Tune AIr

As suggested by one of the readers and contributors, Time Traveler, the above is the page 12 of the slide show that was presented during the Special Briefing by the famous TRIO, En Ahmad Jauhari Yahya (AJ), MAS Group  CEO, En Mohammed Rashdan Yusof aka Danny (Rashdan) (Group Deputy CEO and Tan Sri Azman Mokhtar’s ex-business partner in BinaFikir Sdn Bhd and crony, and En Rozman Omar (Rozman), Group CFO), the newly crowned CFO of MAS and ex-AirAsia high ranking officer. The said page 12 of the slide show clearly indicated that whatever PLANS of the TRIO, in particular Rashdan, to so-called strengthen the Balance Sheet of MAS have been endorsed by Khazanah and Tune Air.

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AJ & Rashdan: MAS or MAS management is in crisis?

The ex-business partners in BinaFikir Sdn Bhd

Updates 6-3-2012: Apparently there was no due diligence carried out before inking in the much talked about secret MAS-AirAsia share swap wrote Outsyed The Box. Well, on 14-8-2011 five days after the said secret share swap agreement was inked by Tan Sri Azman Mokhtar, MD of Khazanah Nasional Bhd (Khazanah) and ex-business partner of En Mohammed Rashdan Yusof aka Danny Boy, Tan Sri Azman Mokhtar admitted to the bloggers on that very night that the option to purchase the 10% share of AirAsia X Sdn Bhd was a “DODGY DEAL”. Despite it was a “dodgy deal” Khazanah went ahead to appoint Morgan Stanley Investment Banker to evaluate the share of AirAsia X Sdn Bhd. By now Khazanah may have had exercised the the said 10% option. Typical of the people from the famous “Bina Tak Fikir”. Yours truly will try to get answers about this “DODGY DEAL”  from Parliament when Parliament is in session commencing March 12, 2012.  Read HERE for the article: AirAsia “Now Everyone Cannot Fly” , “Is AirAsia that cheap?” by the Mole in HERE and HERE.

On 1-3-2012 En Ahmad Jauhari Yahya (AJ), the MAS CEO, and his deputy, En Mohammed Rashdan Yusof aka Danny (Rashdan), the ex-business partner of Tan Sri Azman Mokhtar (Amok) in BinaFikir Sdn Bhd, have proudly announced that MAS posted RM2.5 bilion losses for year ending 2011. AJ also said that MAS is in crisis! Perhaps it is a case of MAS management is in crisis because they are clueless about the aviation industry. Please read in HERE for the press report

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AJ & Rashdan: What “COST CUTTING”? – Part 1


Left: Tan Sri Azman Mokhtar and his crony, Rashdan (both were ex- business partners in BianFikir Sdn Bhd)

En Ahamd Jauhari Yahya (AJ) and En Mohammed Rashdan Yusof (Rashdan), the known crony and ex-BinaFikir business partner of Tan Sri Azman Mokhtar, have been highlighting to MAS staff and Malaysians that MAS needed to do “COST CUTTING” to improve its “bottom line” i.e. to reduce losses.

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