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Tan Sri Azman Mokhtar

How many years did Khazanah sleep on the huge debts owed by Alwafeer Air to MAS?


Thank you Khazanah for helping Alwafeer Air!

 

Updated: 02-09-2011  The beneficial owner of the three jumbo jets in question is Khazanah Nasional Bhd. They entrusted to MAS.  The silence from Khazanah Nasional Bhd over the Alwafeer Air’s debts and the issues arose from the secret MAS-AirAsia share swap are most deafening. 

MAS has leased three jumbo jets to Alwafeer Air, a Jeddah based charter airline, in HERE. It was part of the agreement that MAS seconded our pilots and stewardesses to it. Our Malaysian pilots and stewardesses were having problems in receiving their due salaries. I am told by informed sources that documentation for the leasing of the three aircrafts were incomplete and yet MAS delivered them to Alwafeer Air. Further, the three aircrafts were registered in Jeddah under Syariah law instead of Malaysian law. I am also told that MAS and Khazanah have been officially advised against this deal but it fell on deaf ears.

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MAS UNION TO RASHDAN: STOP AIRASIA FROM INTERFERING IN MANAGING MAS!

Say NO to AirAsia X Sdn Bhd

Because of the one sided reporting, Malaysians thought AirAsia/AirAsia X Sdn Bhd/Tan Sri Tony Fernandes were coming into MAS to SAVE MAS. I am proud to receive the comments below from MAS Union. Unfortunately, The Star, which has been publishing rosy stories about AirAsia/AirAsia X Sdn Bhd and Tan Sri Tony Fernandes, did not bother to attend the MAS Union press conference on 27th August, 2011.  So Malaysians like you and I were deprived of the views of MAS Union. So forgive us for being led by the nose to believe that without Khazanah Naisonal Bhd signing the “TOP SECRET MAS – AIRASIA SHARE SWAP” on 8th August, in HERE.  MAS would have collapsed. The Khazanah Naional Bhd top management, the former BINAFIKIR SDN BHD boys would like Malaysians to believe that the said share swap would have affected our national security so had to be negotiated in “darkness”!. Khazanah Nasional Bhd handpicked , the WAU, in HERE, HERE, specialist, En Mohammed Rashdan Yusof (aka Danny), in HERE, to head MAS now.  

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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.

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Khazanah: Who are the business partners of Tony in AsiaAsia X, a private limited company?

In the Inquire Business report 0n 7-8-2011 quoted Tan Sri Tony Fernandes and his partner to have said in a joint statement that

“As the major shareholders of AirAsia Bhd and AirAsia X Sdn Bhd (which operates long-haul budget flights), we are committed to increasing shareholder value in both our core investments by continuously exploring various opportunities to enhance our franchise,” in HERE. The emphasis is mine. From this joint statement it was crystal clear that Khazanah Nasional Bhd, as the majority shareholder of MAS appeared to be very desperate to buy a franchise for these “special” brand names AirAsia and AirAsia X from Tan Sri Tony Fernandes and his business partners. With the pace and the way in which this so-called share swap was concluded with such utmost secrecy gave the impression to all Malaysians that Tan Sri Azman Mokhtar, Mohammed Rashdan Yusof and especially YB Tan Sri Nor Yacob, the Minister of Finance II under PM Abdullah Badawi were TOTALLY unaware of the Malaysian business partners of Tan Sri Tony Fernandes’ lucrative aviation business.

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KLSE: Please investigate why no announcement when the “MAS-AirAsia” share swap was almost “MAS-AK”!

Please wake up Bursa KL!

During the WAU exercise MAS, all the three famous personalities namely, Tan Sri Azman Mokhtar, Mohamed Rashdan Yusuf aka Danny (both from Binafikir Sdn Bhd, the super consultant company) and Tan Sri Dato Md Nor Md Yusof have played a very significant role. Tan Sri Md Nor Yusof, was the chairman of MAS then. A few days before the share swap, which was shrouded with utmost secrecy, Tan Sri Dato’ Md Nor Md Yusof was appointed the non-executive chairman of MAS. How co-incidental!

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WAU! What a rosy report on MAS!

I read with great admiration the report card of BinaFikir Sdn Bhd with regards to the “Widespread Asset Bundling” (a.k.a. as “WAU”) restructuring of MAS. Incidentally, Tan Sri Azman Mokhtar and Mohammed Rashdan Yusof were co-founders of BinaFikir Sdn Bhd. During the WAU exercise, Tan Sri Mokhtar was the Managing Director and Mohamamed Rashdan Yusof was the chairman of BinaFikir Sdn Bhd.

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