The little napoleons in Khazanah love COLLABORATION/CCF so are the babies!
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 iconic photo of the “Happy Family” of the MAS-AirAsia share swap. They were so happy after the signing of the MAS-AirAsia share swap.
Updates @ 9:30 pm on 19-9-2013: On 15-9-2011 The MD of Khazanah Tan Sri Azman Mokhtar has been quoted to have said that “The recently inked home jersey sponsorship with Barclay Premier club Queen Park Rangers is a good deal for the national carrier”. He also told newsman that “We think that we got a good deal to stand on its own commercially. I think all the numbers are there, we just need to add value”. Read HERE.
Yours truly believe that at that material time many Malaysians also share the same thoughts as Tan Sri Azman Mokhtar, who is a known to be a corporate GURU in Malaysia. Many have claimed that Tan Sri Azman Mokhtar through his BinaFikir‘s “WAU” had also saved MAS from the brink. Please read below the events after 18-8-2011 where MAS was supposed to pay £3.2 million more than AirAsia for the said sponsorship and got less for it. Was it a good deal after all?
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In Part 1 of this article, it was clear that Khazanah, CIMB, MAS and AirAsia are fuilly aware of the provisions of the Competition Act 2010. MAS and AirAsia have sought the advice of the consultant, Bain & Co, on anti-trust laws/Competition Act 2011.
The “Happy Family” of the MAS-AA share swap & CCF. From 2nd left: Datuk Kamarudin Meranun of AirAsia, Tan Sri Azman Mokhtar (MD of Khaznah), Tan Sri Md Nor Yusof, Chairman of MAS, Tan Sri Tony Fernandes of AitrAsia, Rashdan aka Danny, nominee of Khaznah & Datuk Nazir Razak, the CEO of CIMB Group.The two main key players in MAS at the height of the MAS-AA share swap. Pic: AJ and En Mohamed Rashdan Yusuf aka Danny . AJ and his then “co-pilot” showing thump up for MAS-AirAsia share swap?. AJ has said that “Rashdan was vilified and maligned in blogsphere”.
The Malaysia Competition Commission (MyCC) said in a statement that the country’s two dominant carriers would each have to pay a RM10 million(US$3 million) penalty for collaborating to integrate some routes in which they had earlier competed.
Left: Tan Sri Md Nor & Tan Sri Abdul Aziz Zainal. Pictures taken from NST.
Jaringan Melayu Malaysia (JMM) has called for Tan Sri Abdul Aziz Zainal, the former Malaysian ambassador to France and General of Malaysian Arm Forces, to take over the chairmanship of MAS from Tan Sri Md Nor Md Yusof. JMM is confident that Tan Sri Abdul Aziz would be able to bring MAS back to its former glory, in HERE.
The long waited reply from YB Senator Datuk Donald Lim, Deputy Minister of Finance, who has promised yours truly in Parliament that he would provide the answers. It was a NON ANSWER!
Yours truly has been pressing YB Senator Datuk Donald Lim, the Deputy Minister of Finance to fulfill his promise to Parliament that he will provide the information as to how much MAS paid BinaFikir Sdn Bhd for the WAU Project in 2002.
Tan Sri Azman Mokhtar & his most trusted crony, Rashdan aka Danny
Updates @ 4:30 pm on 18-5-2012: Please read “Rafidah gone off her rockers”. If YB Tan Sri Rafidah Aziz has gone off her rockers then AJ has gone senile to have signed the secret “Supplementary Collaborative Agreement” and two MOUs with AirAsia/AAX almost immediately after the secret share swap was unwound. Until this day AJ could not reveal what were the exact nature of the collaborations. So far, what we have witnessed was a collaboration based on “MAS gives ALL, AirAsia/AirAsia X take ALL”, inHERE.
The secret MAS-AirAsia share swap has been unwound by YAB PM, YAB Datuk Seri Najib Tun Abdul Razak, on 2-5-2012.
It must follow suit that all the appointments that were made after the said secret share swap must also be terminated because those appointments were made under the ill thought out advice and an undue influence of those irresponsible personalities in Khazanah especially, En Mohammed Rashdan Yusof aka Danny (Rashdan), the Tan Sri Azman Mokhtar (Amok)’s most trusted crony and ex-business partner in BinaFikir Sdn Bhd, in HERE.
Perhaps AJ does not understand the history and meaning of MH. It is Malaysia Hospitality and not “Musnah Harapan”.
Updates @ 7:30 pm on 7-5-2012: En Aziz Bakar, the Chairman of AirAsia, has been quoted to have said today in Bernama that “Both airlines are looking at the right module and proposals on collaboration after the swap deal was dropped. We are creating a win-win situation. To us at AirAsia, whatever we do must be a win-win scenario, whether its a share swap or collaboration. If not why would we want to sign in the first place.”, inHERE.
It would be interesting to know En Ahmad Jauhari Yahya (AJ)’s “thoughts” about the said secret share swap and from his thoughts we could see what his so-called “Business Plan” was all about: Whether AJ’s “Business Plan” is to save MAS or AirAsia? Below was AJ’s latest circular:
Below is the email from a reader which should be a posting by itself to show the style of the top management of MAS under the TRIO namely Tan Sri Md Nor Yusof (Chairman of MAS) (Md Nor), En Ahmad Jauhari Yahya (AJ) (Group CEO of MAS) and En Mohammed Rashdan Yusof aka Danny (Rashdan) (Deputy Group CEO of MAS).
Updates @ 9:00 pm 1-5-2012:TV3 Buletin Utama has made an informed speculation that the MAS-AirAsia share “Suap” will be reversed tomorrow. If it does happen tomorrow then those appointed after the said secret share suap must also be reversed or terminated. The appointment of ex-ArirAsia officers like En Rozman Omar, now CFO of MAS and En Azhari Dahlan, now CEO of MAS Engineering and Mr Shane Nollan of PlaneConsult, as Acting Commercial Director of MAS should be terminated forthwith. They are unfit to hold those key posts in MAS due to their apparent conflict of interest.PlaneConsult itself should be terminated forthwith if it has been renewed at the tail end of its contract by the present the TRIO or Board of Directors. PlaneConsult is a consultant for low cost airline and also the consultant for AirAsia and AirAsia X Sdn Bhd.
The above actions are very necessary to ensure that the CCF is genuine and will be implemented transparently, and more importantly to ensure no conflict of interest in all decisions, which are so rampant in MAS now. Of course, Rahsdan and gang, and those members of the Board of Directors must also be removed immediately. It is hoped that after the announcement tomorrow, the members of Board of Directors will take the honorable step to RESIGN forthwith. If those personalities remain in MAS after the secret share swap has been reversed by YAB Prime Minister Datuk Seri Najib Tun Abdul Razak, another campaign will have to be launched to get rid of them. It is hoped that those unwelcome “GUESTS” in MAS will not overstay. Rashdan, are you still around in MAS?
Ten months have elapsed after the MAS-AirAsia share swap and CCF, there is nothing positive came out of it except glaring conflict of interest. Genuine collaboration does not need a share swap deal to be successful.