wee choo keong

WAU! Tony had to leave MAS’s Exco?

by

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.

Read more

Tony says NO to aerobridges, MAHB & Khazanah say YES Sir!

by

Tony can now order MAHB, indirectly Khazanah Nasional Sdn Bhd, what to do. As can be seen in the case of KLIA-2 where the original plan was to build aerobridges for the convenience of the passengers including disabled person (OKU). When Tony snapped his fingers and say no to aerobridges, Tan Sri Bashir of MAHB had to also kow tow. Even Khazanah was in total silence. What a powerful man indeed? No wonder AirAsia had a good record of owing more than RM125 million in airport taxes since its inception until recently and MAHB dared not leave a finger to take actions. Read HERE. The outstanding airport taxes were only paid recently after the matter were brought up in Parliament several times. See how powerful is Tan Sri Tony Fernandes/AirAsia and now Air Asia X Sdn Bhd. By the way the original name of AirAsia X Sdn Bhd, which is a more suitable name for Ministry of Transport and Khazanah, was Fly Asian Express Sdn Bhd, in HERE.

Read more

Khazanah: AirAsia X Sdn Bhd is a 31.7% foreign owned company with a recorded loss of RM89.935 millions!

by

Perhaps on 8-8-2011, when Khazanah Nasional Bhd thumb printed its intention to purchase 10% of AirAsia X Sdn Bhd, as part of its attempt to save MAS from imminent collapsed, and commissioned Morgan Stanley Investment Bank to do a valuation of AirAsia X Sdn Bhd, it was totally ignorant of the corporate structure of AirAsia … Read more

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

by

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