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 HEREfor the article: AirAsia “Now Everyone Cannot Fly” , “Is AirAsia that cheap?” by the Mole inHEREand 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 HEREfor the press report.
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.
The logo for the Petition Campaign against the MAS - AirAsia share swap & CCF
Yours truly has been alerted by Anak Malaysia that a Petition Campaign has been launched against the secret MAS-AirAsia share swap and the “Comprehensive Collaborative Framework” (CCF). The said secret share swap and CCF were the brainchild of Tan Sri Azman Mokhtar, the MD of Khazanah Nasional Bhd, and his ex-business partner of BinaFikir Sdn Bhd and crony, En Mohammed Rashdan Yusof a.k. Danny (Rashdan). After a short span of 8 years BinaFikir Sdn Bhd was sold to Maybank Bhd for a whooping RM8 million!
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.
The Australian Competition and Consumer Commission (ACCC), an equivalent of Malaysia Competition Commission (MYCC), has filed a lawsuit against AirAsia for failing to disclose the full air fare in its website for the following flights: Melborune and Macau, London, Ho Chi Minh City, New Delhi, Hangzhou & Chengdu, Perth and Taipei, Phuket, Osaka, London, Ho Chi Minh City and Hangzhou, Gold Coast and Ho Chi Minh City, in HERE. The suit has been scheduled to be heard on 2nd March, 2012. Read in HERE,APANAMA – “Australia nails ‘extraordinary’ AirAsia, & ABITW – “Demand the same from AirAsia”.
En Mohammed Rashdan Yusoff aka Danny, Tan Sri Azman Mokthar's crony and ex-business partner in BinaFikir Sdn Bhd, was talking about "PERFORMANCE". Performance by spending RM18 million to sponsor QPR and cutting routes to benefit AA?
YM Tengku Azmil, the previous MD of MAS, who resigned immediately after the signing of the secret MAS – AirAsia share swap and the Comprehensive Collaborative Agreements (CCF) on 9-8-2011, has signed an MOU with Oneworld on 5-6-2011. Oneworld is an alliance comprises of 12 IATA airlines. MAS was supposed to formerly join the Oneworld in September/October last year. Read in HERE, HERE & HERE.
On 28 July 2010 under the leadership of YM Tengku Azmil, MAS signed an agreement with Lembaga Tabung Haji to provide Haji Charter services to Jeddah and Madina for the 2010 / 2011 Haji Season. Read HERE. Yours truly believes that MAS has been providing the Haji Charter services since 1960 as part of its national service which should be applauded. Your truly has just been informed from a reliable source that its New Business Plan is not going to renew the said Haji Charter services from 2012 onwards due to the same old story that it was “UNPROFITABLE”. It was for the same reason that MAS had terminated the Firefly’s routes for its jet services from JB to East Malaysia and MAS routes from Kota Kinabalu to cities in Japan, Korea, Australia and etc.
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.
Updated @ 12:30 am 15-12-2011: MyCC to investigate into the MAS -AirAsia share swap comes Jan 1,HERE.
MAS has announced on 18-02-2010 that 0n 16-2-2010 it had received a complaint filed in the US District Court for Eastern District of New York on behalf of Benchmark Export Services and six other plaintiffs against MAS and 11 other defendants on the allegations of price fixing airfreight shipping services and fuel surcharge and etc. MAS has denied such infringement. On 11-7-2011 MAS paid US$3.35 million as an out of Court settlement which can be considered as the lowest settlement sum under anti-trust laws.
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.
