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Firefly

MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking re-election

Tan Sri Mohamed Azman Yahya, who is a director of MAS for many years dated back to the WAU days and also a director of SCOMI and Symphony House Bhd. Why is he not up for re-election?

Updates @ 9:05 pm on 21-6-2012: Tan Sri Wan Azmi binWan Hamzah steps down from MAS Board during the AGM. The other aviation experts like Tan Sri Azman Yahya, Tan Sri Tan Boon Seng of IJM, Dato’ Rohanan binti Rozhan from ASTRO and David Lau Nai Pek are holding on to their directorship even though they could not show what were their contributions for the past TEN MONTHS. Tan Sri Wan Azmi;s said decision should be applauded and a very responsible acts.

One would have thought that Tan Sri Azman Yahya is a very busy man with so many companies to take care of especially SCOMI. The four chose to remain for reasons best known to themselves. Will do another posting soon about those remaining.

 

Updates @ 12:50 pm on 21-6-2012: The minority shareholders were questioning the competent and integrity of members of the Board of directors of MAS. They have also expressed their discontent with regards to their performance. From 10: 10 am this morning until now, the Board was still facing heavy criticisms from the shareholders. They could not even proceed to pass Resolution 1 to approve the Financial Statement let alone their Re-elections. The Board have been subjected to severe embarrassment. Yours truly has been informed that Tan Sri Azman Mokhtar’s most trusted crony, Rashdan, did not attend the AGM. 

Yours truly must apologies for not been able to attend because your truly question on the BinaFikir‘s consultancy fees and the 12 companies involved in the fuel hedging losses for RM3.3 billion for Parliament was No: 4 on the list. It was answered at 10: 30 am this morning. It will be posted here later.

After the MAS-AirAsia share swap, the brainchild of the little Napoleons in Khazanah Nasional Bhd, MAS will now hold its AGM on 21-6-2012 at 10:00 am, MAS Academy.

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NO to Share “SUAP”, NO to Rashdan, Shane Nollan, PlaneConsult, Rozman Omar, Azhari Dahlan, Nor Zalida & others

TS Azman Mokhtar, TS Tony F, Datuk K Meranun & Datuk Azman Yahya of SCOMI fame

Updates @ 3:55 pm on 9-5-2012: Yours truly has just been reminded by a reader Mr KL Ang that Mr Martin Barrow is another Mat Salleh that was brought back to MAS after the infamous Share “SUAP” and that he is just as incompetence as Mr Shane Nollan.  Mr Martin Barrow was brought back by AJ on 19-1-2012 to be Advisor to Group CEO and he also sit on the Board Safety & Security Committee and advise MAS on “Global developments on wide range of commercial issues”, in HERE.   

With such Mat Salleh Advisor and yet AJ and the top management of MAS are still in desperate need for the other consultant firms like PlaneConsult and others to think for them. No wonder MAS is BLEEDING due to the “TOP HEAVY MANAGEMENT”.  Please read “Time to bring real aviation experts onto MAS board”.

On 18-4-2012 MAS Board of Directors saw it fit to extend the appointment of PlaneConsult, which is also the consultant for AirAsia and AirAsia X Sdn Bhd (AAX), for another three months from 30-4-2012.  Similarly, Mr Shane Nollan, of PlaneConsult, as the Acting Commercial Director of MAS was also extended. Why are the TRIO and the Board of Directors of MAS were so bent in harbouring Mr Shane Nollan and PlaneConsult in MAS when both are tainted with glaring CONFLICT OF INTEREST?  

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AJ & Rashdan: “What Cost Cutting?” Part 5 – MAS uplifted Firefly passengers with Zero Fare

Firefly ticket

Updates @ 8:30 pm 26-3-2012: TV 3 News at 8: “SC said there is a basis to investigate into MAS for insiders trading related to the MAS – AirAsia share swap. But SC cleared AirAsia for it.” Next posting will be on what AJ and Tan Sri Azman Mokhtar briefed the MPs in Parliament in Parliament House this afternoon..

In November 2010  Firefly commenced its commercial jets for domestic routes and begin with crossover routes, e.g. Kota Kinabalu and Kuching, on Jan 15. Asean will be its next stop. Firefly started to operate new routes with is jets to compete with AirAsia. Competition is, of course, good for consumers/travelers. AirAsia and AirAsia X Sdn Bhd began to feel the heat. Read HERE.

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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, HERE, HERE, HERE & HERE. 

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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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Parliamentary Questions for March 2012 Session

Malaysian Parliament

Soalan-Soalan Untuk Jawapan Lisan 

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Now Everyone in AirAsia can join MAS

En Rozman Omar, formerly from AirAsia Bhd.

On 1-12-2012 En Azahari Dahlan who was the Regional Head, Engineering of AirAsia Bhd for about 6 years, was appointed new CEO of MAE of MAS. Prior to joining AirAsia Bhd he was with MAS  Another shocking new appointment effective from 14-2-2012 is En Rozman bin Omar as the new Group Chief Finance Officer of MAS. He is the current Regional Finance Officer of AirAsia Bhd.

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MAS paid 8 month bonus in 2010 to Firefly staff!

The key players in the secret MAS-AirAsia share swap and the so-called Comprehensive Collaborative Framework.

On 21-11-2011 MAS MD, En Ahmad Jauhari Yahya (AJ), told the Public Account Committee (PAC) in the presence of Tan Sri Azman Mokhtar, the ex-business partner of Rashdan when they were in BinaFikir Sdn Bhd, that Firefly made a loss of RM89 million! Read HERE. Yours truly has been reliably informed that as a mark of appreciation of the Firefly’s overall staff performance last year, MAS management rewarded members of staff of Firefly with bonuses from as high as 8 month and as low as 4 month salaries based on their respective performance.

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The MYCC “hush-hush” public meetings!

YB Datuk Ismail Sabri: Why was the public hearings on MYCC done in a hush-hush manner?

Updated @ 10:15 pm on 12-12-2011: Please read this interest article in HERE.

On 9-12-2011 Domestic Trade, Cooperatives and Consumerism Minister, YB Datuk Seri Ismail Sabri told the nation that Malaysian Competition Commission (MYCC), which will be headed by YA Tan Sri Siti Norma Yaakob (a former Chief Judge of Malaya), will consult members of the public before the implementation of the Competition Act 2010 on 1-1-2012.

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MAS Unions to picket against secret share “suap” & CCF?

MAS cabin crews and others have worked so hard for MAS & yet not appreciated. But the Panamera Dead Woods are awarded with high salaries and BIG perks!

Updated @ 10:30 pm 5-12-2011: These articles are  for your reading pleasure. HERE & HERE.

Updated @ 10:45 am 5-12-2011: MAS used to have daily return direct flights between Sandakan and Kuala Lumpur, then Firefly came in to serve this route, so MAS stopped doing it. This was decided by the new management of MAS under En Mohammed Rashdan Yusof, the ex-business partner of Tan Sri Azman Mokhtar when they were in BinaFikir Sdn Bhd.

The Assistant Minister in the Chief Minister’s Department Datuk Edward Khoo has expressed disappointment at the decision to reduce the number of airlines operating direct flights between Sandakan to Kuala Lumpur.

“Lately Firefly has also withdrawn its service and we are now left with only AirAsia serving this route.I still remember that when MAS and AirAsia had a share swap, it was clearly announced that this swap would not create a monopoly for air travel.This particular route between Sandakan and Kuala Lumpur has now become a monopoly (by AirAsia),” said Datuk Edward Khoo. Full report in HERE.

Now that the meeting between Tan Sri Azman Mokhtar and Tan Sri Bashir of MAHB was just a rumour where Tan Sri Bashir was supposed to be given the boot. Lets hope that the sacking of Tan Sri Bashir was a mere figment of imagination. Lets return to the problems in MAS where Tan Sri Azman Mokhtar’s ex-business partner in BinaFikir Sdn Bhd, En Mohammed Rashdan Yusfof aka Danny, was in the centre of many controversial decisions in MAS.

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