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

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. 

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Who is the CEO of MAS?


Is Datuk Kamarudin Meranun the defacto CEO of MAS?

It would appear that the defacto CEO of MAS is Datuk Kamarudin Meranun, who is also the Deputy CEO of AirAsia Bhd and recently appointed Non-Executive Director of MAS after the secret MAS – AirAsia share swap was inked on 9-8-2011.  Yours truly was surprised that a Non-Executive Director of MAS was speaking as though he is the CEO of MAS.  Even the powerful En Mohammed Rashdan Yusof, the whiz kid and Tan Sri Azman Mokhtar‘s former business partner in BinaFikir Sdn Bhd, is extremely tame after the appointment of En Ahmad Jauhari as the CEO of MAS.

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