In PART 1 we stopped at the sorry state of Rural Air Service (RAS) and Fly Asian Express Sdn Bhd (now AirAsia X) where six aircraft were grounded due to un-airworthiness and another one was cannibalised for spare parts, and how MAS was left to pickup the pieces thereafter.
The little napoleons in Khazanah would like us to believe that MAS employees have been gifted with Mr Christoph Mueller as their CEO.
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.
Dr Mahamadon Abdullah, who was a loyal
In April 2012 the top management of MAS was seemingly busy with the great ideas of turning around MAS with equally great plan to block internet mail access.
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!
Jawapan Lisan – 21-6-2012
Y.B. TUAN WEE CHOO KEONG [WANGSA MAJU] minta MENTERI KEWANGAN menyatakan bila seorang Menteri berjanji di Parlimen untuk memberi informasi seumpama fi konsultan yang telah dibayar oleh MAS kepada BinaFikir Sdn. Bhd,
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.
