Is Captain Loke the Minister of AirAsia?. He was caught enjoying foods with Tony Feranandes in a restaurant. He arbitrarily set PSC with a reduced rate against the rate gazetted under the regulations!
As we light the lamp, let us recommit ourselves to the triumph of light over darkness, of good over evil. It is also a time for contemplation and reflection and to think about our obligations to fellow human beings, particularly those who are less fortunate than we are. If you’re on a flight to visit … Read more
Updates on 10 September 2019 2 11:00 pm: MAHB had obtained judgment of RM40.7 million against AirAsia and AirAsia X for outstanding PSC. On 10 September 2019 MAHB had applied to the High Court for a Garnishee Order to garnish said judgment debt from the three bankers of AirAsia, HERE. Updates on 10 September 2019 … Read more
On 26-1-2015 Tony Fernandez, the CEO of AirAsia issued a press statement that AirAsia was abolishing fuel surcharge for its flights. BK Sidhu, the Star Business Editor, went on an overdrive to assist in the spinning of the said announcement to put AirAsia in the good light during this particular period. Prior to the crash of the unauthorised AirAsia’s flight QZ8501, Tony and/or AirAsia have been enjoying positive stories from BK Sidhu, the editor of Star Business.
This early morning Firefly flight FY 1002 (codeshare with MAS flight MH 9948) bound for Kota Bharu from Penang had to do an air turn back due to faulty landing gear. Thank God, FY 1002 landed in Penang safely.
Updates @ 9:30 pm on 19-9-2013: On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially. I think all the numbers are there, we just need to add value”. Read HERE.
Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia. Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink. Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it. Was it a good deal after all?
___________________________________
In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011.
In December 2012 MAS to operate three additional international routes from Kota Kinabalu. Yours truly believes that East Malaysians will be pleased with the decisions. MAS should also consider to resume the Bandung and Surabaya routes, which were terminated soon after the inking of the infamous MAS-AirAsia share swap by Tan Sri Azman Mokhtar, the MD of Khazanah. MAS should also commence its Firefly jet services, which was also terminated after the said share swap.
“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.
After some 10 months in MAS En Ahmad Jauhari Yahya (AJ), as MAS Group CEO, should have been able to identify some of the major leakages that needed to be plugged as part of his many BIG turnaround plans. But it would appear that AJ is more interested in plugging the wrong LEAKS!
