The iconic photo of the “Happy Family” of the MAS-AirAsia share swap and the architects of the violation of the Competition Act.
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.
9-7-2013 MAS announced the reinstatement of the Dubai route.
On 9-7-2013 En Ahmad Jauhari Yahya (AJ), the CEO of MAS, has made an announcement that beside the additional route to Darwin, MAS will be reinstating the Dubai route on 1-9-2013, 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!
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 SCOMIand Symphony HouseBhd. 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.
Rashdan (left in pic). AJ showing thump up for Rashdan. AJ said that “Rashdan was vilified and maligned in blogsphere”.
Updates @ 11:15 am on 15-6-2012: Please read an interesting article by Outsyed The Box in HERE.
Below are theTWOe-mails byEn Ahmad Jauhari Yahya(AJ) Group CEO of MAS,wherein he announced the acceptance of the resignation of his Deputy GCEO,En Mohamad Rashdan Yusofaka Danny (Rashdan), who is Tan Sri Azman Mokhtar (Amok)’s most trusted crony.
AJ and Rashdan (in pink shirt partially hidden behind the stewardess on the right) coming back from Paris on the new A380 on 30-5-2012
At lastShane NollanofPlaneConsult, who was tainted with conflict of interest, is finally out of MAS for good. He was supposed to have been given an extension until end July 2012 by the top management of MAS. Shane Nollan’s pre-mature departure must be an abrupt decision.
Updates @ 12:30 pm on 31-5-2012: Rumour has it that Mr Shane Nollanof PlaneConsult, who had played a very significant role in the uplifting of the 35,000 passengers from AAX Sdn Bhd with very low fares and the Re-Accommodation Agreement, has ended his “honeymoon” as Acting Commercial Director of MAS yesterday. Was his tenure ended abruptly? Is PlaneConsult still doing the “CONSULTING” work for AJ?
It seems that Rashdan, the Amok’s most trusted crony, is still running “AMOK” in MAS. He was seen accompanying AJ in the inaugural A380 flight from Paris to KL yesterday.
Can someone in MAS help to confirm the above? Thank you
YB Datuk Seri Ahmad Husni Hanazlah, Minister of Finance II said that MAS has been instructed to submit its projection plans to the Government to monitor its performance and ensure it remain competitive. MAS has been also instructed to submit its projection plans for the next five years to the government. For full report in Sun Daily please read in HERE.
