For Part 1, 2 and 3 of this topic please read HERE, HERE and HERE.
1-5-2012 The notorious MAS – AirAsia share swap was unwound by PM YAB Datuk Seri Najib, HERE.
Mohamed Rashdan Yusof
Azman Mokhtar, Rashdan, Tony Fernandes, Kamaruddin, Md Nor Md Yusof and AJ must be held responsible for the fine of RM20 million
On 8-8-2011 the MAS-AirAsia share swap was inked by Tan Sri Azman Mokhtar, the MD of Khazanah, and Tan Sri Tony Fernandes of AirAsia. The the Advisor of the said share swap was none other than Dato’ Seri Nazir Razak of CIMB. On 6-9-2013 both MAS and AirAsia were fined RM10 million each for “collaborating to integrate some routes in which they had earlier competed” under the said share swap. Part 1 was about the inking of the said MAS -AirAsia share swap with the advice from Datuk Seri Nazir Razak / CIMB and Bain & Co, HERE and Part 2 was the chronology of events after the said share swap before the appointment of AJ as Group CEO of MAS, HERE.
Datuk Ibrahim Ahmad Badawi: “We want to work with MAS.”
On 26-10-2012 Datuk Hj Ibrahim bin Hj Ahmad Badawi, the brother of the former PM (YB Tun Abdullah Badawi) and also the Executive Chairman and majority shareholder of Brahim’s Holding Bhd (Brahim’s Holding) was quoted by the Star to have said: “We want to work with MAS.” For the full Star report read in HERE.
MAS AGM tomorrow: Why Tan Sri Azman Yahya of SCOMI is not seeking 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.
Questions Time 19-06-2012: Non-Disclosure clause in the BinaFikir’s consultancy agreement on WAU
Jawapan Lisan 19-6-2012 Tuan Wee Choo Keong (Wangsa Maju) minta Menteri Kewangan menyatakan apakah sudah menjadi polisi tetap
MAS Union to send letter to PM to oppose the secret MAS-AirAsia share swap
[caption id=”attachment_8399″ align=”aligncenter” width=”200″ caption=”Tan Sri Tony Fernandes, accompanied by Datuk Nazir after the signing ceremony.
Perutusan Hari Raya Kpd Khazanah & YB Tan Sri Nor Yacob
Di bawah adalah komen yang telah saya terima dari seorang pembaca blog, Sdr Ahmad Fathi Shah, yang saya hormati dan saya berharap sdr tidak akan membantah sekiranya saya berkongsi komen sdr sebagai satu artikel di dalam blog saya.
WAU! Tony had to leave MAS’s Exco?
AirAsia’s 2nd quarters net profit was down by 47% to RM104.26 million against RM198.93 million deferred tax charge. MAS posted a net loss of RM526.8 million. MAS called off its media briefing at the eleventh hour yesterday due to “unforseen circumstances” but continued with its analyst briefing. Tan Sri Tony Fernandes told analyst in a conference yesterday that the airlineswill be presenting their case to the Prime Minister in his bid to reverse airport operator MAHB’s to increase passenger service charge, aircraft landing and parking charges. As usual the press report on AirAsia was very rosy and will be flying to another majestic height and the future of MAS, of course, was very very bleak. Read HERE.