What share swab? it is an indirect bailout. YB must stop it. We must protect MAS from this big bully. Tony can do it when Chan Kong Choy, Badawi and the Tingkat Empat in power.
It is unheard of where the Government had to build the LCCT for a airline wasting almost RM200 millions. The government must stop to follow the whim and fancy of Tony Fernandes and gang.
YB CK Wee
Please ask these questions in parliament in October 2011. Although my suspicion is that by October all these would be history. Nevertheless we the people need to know,
1. Who are the real owners of Air Asia
2. What is the roles played by Khazanah and Idirs Jala in this ‘giving away the store’ deal
Thank you
Economist Kampong and others
i will definitely press on with your questions. In fact, I have already spoke in Parliament who is the actual person behind AirAsia. I will do it again in October. Please rest assured that I shall not let this go.
Thank you all for the comments. They are noted with interest. Soon Everyone Will know!
With kindest regards
Good question, who is the real owner of AirAsia?
No bailout for for any public listed company. It is not the responsibility of the government to assist them. By allowing AirAsia to owe airport tax for so many years was evident of indirectly helping AIrAsia to compete with MAS.
Settlement of airport with a discount. Bloody nonsense. I hope that the government put a stop to the AirAsia nonsense. The government has no business to help AirAsia. It must be treated as any public listed company. Let them take delivery of the 200 airbus to fly the 13 destinations. Lets see whether Tony can talk after that. Make sure AirAsia pays its airport tax on time.
Dear YB CK Wee,
I’m deeply disturbed with this development and fully support your courage in finding the truth out of all this mess. Thanks to you.
Zek
THIS IS ALL VOO DOO ECONOMICS. YOU AND I WILL NEVER BE ABLE TO UNDERSTAND IT BECAUSE IT IS DRIVEN BY PERSONAL INTEREST.
In fact Nor Yacob and Idris Jala are the two best persons to explain the AirAsia nonsense. Of course, not to forget about the Sleepy Head, SIL and the 4th floor boys.
Go for it YB. We are with you. THe nonsense must stop. We thought that under Najib AiraAsia will not be given all the leeway as what it has been getting under the Sleepy Head. Instead it is getting another 5 profitable destinations including Jeddah recently.
I hope that October will not be too late. Please do your best. We need you to whack this “super genius” airasia CEO, who was caught lying in the Lotus court case in London a few months ago.
Thank you for highlighting this share swab. We are know what it is all about. A bailout.
YB, We want to know who is the real person behind AirAsia? Who is the agent for Airbus in Malaysia? How could AirAsia use the 200 airbus to fly the 13 destinations? When the Ministry of Transport will withdraw the remaining unutilised 19 destinations of AirAsia?
Please get answers for these questions, YB. Thank you.
I thought that it was game over for AirAsia where no more special treatment be accorded like when the SIL and the fourth floor boys were in power. Now under Najib it was no different. Must be the magic of Omar Ong, the God’s gift to Malaysia.
Interesting comments here. I also like to know who is actually behind AirAsia and Tony Fernandes. How could Tony Fernandes be so powerful to be able to owe million of Ringgit airport tax. Pelangi owed a few million Ringgit and its landing right was withdrawn.
If Oasis, the Hong Kong low cost carrier folded up last year, I would like to see the magic of Tony Fernandes doing without the government help. Hopefully the PM will think again if Omar Ong or Tony come along for special help.
Now everyone can con!
hahaha!nice one!!
Thank you YB. What you have unveiled and written must be published publicly for the rakyat to know the story behind all this nonsense. May the voice of many, help to put a stop to this joke! The government must stop politicizing the economy.
Let me try and answer one of the question. There’s no such thing as Airbus/EADS agent in Malaysia, in fact you should checkout who are the Boeing agent in Malaysia – hence AA flying 100% Airbus. EU Antitrust Regulators are among the strictest in the world, and trxn as big as 200 aircrafts are vetted in utmost detailing especially when it’s involves listed entities.
Just a thought..
Biar betul ! …..
It is indeed interesting to note the movement of the AirAsia share prices prior to this announcement……
You raised legitimate points, YB. Mark my words, though. Some fee/debt owing will soon vanish somehow and some nagging aerobridge demands will soon come to bear.
It seems that Khazanah is rushing this share swap deal with great speed. Something fishy is amiss. Azman Mokthar must not be allowed to rush this nonsense through so quickly. We must know what is in store in this whole deal otherwise more public fund will be used for someone somewhere.
AirAsia has had enough of government continuous supports. Building of LCCT airport and the rebuilding of the same airport. Now another airport. Discount of airport tax debts and etc. Enough is enough.
I wish that they are more MPs taking up issues like this.
Ini adalah satu outright bailout untuk AirAsia.
Another project by Azman Moktar and his 4th floor connections. I don’t understand why s Najib allowing such nonsense to go on. The is the legacy of the Pak Lah’s administration. When is this nonsense going to stop. It is so glaring. YB has put the whole story in perspective. Need not go further.
Don’t understand why the PM allows such thing to happen. Is this part of so-called 1Malaysia and part of the round table discussion? It happens with almost every PM that Malaysia had. We have a government that really take care of a public listed company using public funds. I guess it’s time for the independent MP’s to form a coalition as another alternative to BN and PR.
YB, you are our only avenue to get straight answers from the government.
1 malaysia over and over again. malaysia is already a 1 malaysia country without all the promotions and bodeks upon other races.. i’m not being racist. i’m not a full malay anyways
Well done, YB. I have been watching you and you are the most consistent MP.
Why is the opposition keeping quiet… simple, they are allowing the country to go bankrupt first so that they can easily blame the current govt for their failure.
There is a joke going around town that we used to have an Idiot as the PM and now we have a PM with a lot of Idiots as advisers.
Time to save the country, People.
It is very suprising to see such a factless and purely speculative article from a YB. YB, first of all, it is neither a bailout for MAS nor is it for Airasia. It is in fact a new collaborative effort in focusing the potential of Malaysian aviation services to compete in its entirety against other regional airlines, ie SIA, Cathay etc etc as well as all its budget components such as silk, jet and tiger airways. They are all allowed routes into malaysia and are taking a big chunk of the market share from the malaysian players, simply because the local players are just too busy competing with each other. The is no hidden agenda behind it and it is a beneficial move for both the carriers. If airasia is being bailed out, it would not have been GIVEN the bigger chunk of shares (20.5%) of MAS shares compared to only the 10% of airasia shares given to MAS. The other way around should have been the case if this is a bailout for airasia. Next, Tony fernandes would not have been given the prerogative to restructure the MAS higher management if he is the one beng bailed out. Come on ppl, its simple sense, not rocket science.
Is this a bailout for MAS then? It might be but its not because although tony has become the single individual majority stakeholder, the whole of MAS still belongs, in equity and in all legality to Khazanah. A bailout would mean Tony taking over khazanah’s olace as the majority shareholder.
btw yb, are you sure 13 destinations is all Airasia flies to? I can list down here more than 13 and yet the list is not exhaustive. Singapore, bangkok, phuket, krabi, haadyai, phnom penh, saigon, ho chi minh, yangon, hong kong, macau, guilin, guangzhou, shenzen, haikou, jakarta, medan, solo, bali, balikpapan, brunei, melbourne, perth, incheon, london, paris, delhi, cristchurch, sydney, etc etc etc…more than 13 sir, anyway…anyway would be a waste to explain anyway. Im just wondering, why do u even hate airasia do much sir? Just wondering. Btw, i am neither affiliated with mas nor airasia…just a keen reader of your blogroll.
Cheers.
sir, i suggest u to attack straight since u’re politician, not businessman
highlight the main point, explain in easy language, thats what we rakyat want to see.
Dear Sir,
We support you, as can be seen in this post where we mention your blog – http://airasiaannus.blogspot.com/2011/08/government-allows-airasia-and-mas.html . We notice that you have borrowed some of our content. We are not precious about this, as we support you wholeheartedly; however, it would be greatly appreciated if you would mention [and link] to our own blog, ‘Fly AirAsia? Not Me’ – as a reciprocal courtesy. We are on the same team. Could you please make mention of our own efforts in this, or your next post.
Many thanks to you. Please keep up the great fight.
Sir,
I am afraid your take on this is spot on.
This free flying Tony Fernandes with British Football Club and Formulae 1 and AirAsia (AA) has placed Malaysia in possible meltdown mode ahead. I am taking the liberty to quote the following that has been written elsewhere on AirAsia. I hope it is OK with its writer:
Air Asia is being bailed out. Package to rescue Tony. The country helping out an entrepreneur. Same old story, different actors. Thats my conclusion. why not save millions other country men in need of healthier daily food and proper shelter to educate and raise kids
100 % agree with the airport tax issue.bn will lose 1vote in next PRU due to this MAS air Asia share swap.Congrats khazanah or rather Congrats azman mokhtar.
Tony Fernandex is running a ponzi scheme with AirAsia. Continue buying airbus on credits and pocket the commission.
Sooner or later the peanuts and nasi lemak business model wont be able to pay for the airbuses and UMNO will be called to bail out this poor business model.
Anyone believing you can run an airline by giving out 1 million free seats and paying for gas, salaries and aeroplanes by selling peanuts must be believe in anything.
Also Air Asia is the most hated company in the environmentalist for ozone burning by promoting unnecessary air travel!
So Malaysian governemnt will the most hated ozone burners soon.
I ve never voted before in my life. This time I am going to vote for the alternative govt.
Those Penyamun Tarbus just never had enough. How many billions do they want. I pity them , I dont want them to to be burned in the hell fire far too long. The ill money gotten from the rakyat will be the flames that is going to burn them and roast them. Probably they dont know because they skip the religious classes when they were young. So I pity them. In Islam everything is accountable for every cent you make out of someone else and deprived of their right you just have to answer
Anyway If any of you see them, just ask them these questions :
1. How many hours do they have in one day to live.
2. How many life do they have.
3. How many mansions can they stay in one day
4. How much food could they consumes in a day
5. And lastly how much money could they shove in their graveyard when they die.
Their generations will be cursed for consuming ill gotten money.
aiyaa so scary lah………..
check mate. final issued before PRU13..
Fernandes Opens Up on AirAsia
With all the above comments and postings, are every Malaysian and politician aware TF and his goons loyalty?
MAS is the national carrier and is here to stay to service and continue to provide social responsibilities to link various Malaysia points. MAS plays pivotal role as a business entity and at the same time is tasked to undertake social responsibility in Malaysia and for the larger Malaysians populations. MUST Malaysians then continuously blamed MAS and its workforce when the company has been making insignificant profits or substantial loss in order to execute its roles? The company must absorb all the huge expenses like fuel hikes and flying to unprofitable routes as MAS plays its part as the tool and catalyst for the Malaysia economic and Malaysians business growth.
It is though not a permanent excuse for MAS and its management not to be able to turnaround and established MAS as a profitable airline through continuous costs containment and reduction and improve revenue generation especially from the passengers. Some of the costs were caused by unnecessary projects implementation to fulfill some top management like Moz-man who wanted to show off and the head of the company was unable to contain. The revenue management has been a screw up as the department and routes heads failed to look beyond their own regions and work together.
TF and his goons are purely on and for business interests and profits. They investments and interests are not firmly rooted in Malaysia unlike MAS. AA survivals, however, are not dependent on air traffic growth but heavily dependent on the political links which they formed their AA presence in these ASEAN countries. They broke many promises with ease and no regret to provide more services and to be the business catalyst in a number of Malaysian cities as reported in mass media – not a secret to the public. AA has bought more than 200 aircraft which are divided among their AA groups of airlines and up for heavy maintenance and would certainly “brake” their banks; the funds which partly funded from unpaid or not yet paid airport taxes or refunded to canceled passengers.
TF and goons resurrected a number of the once TR initiatives by splitting MAS ancillary businesses and MAS core expenditures like insurance expenses through various JV companies which they have significant stakes and not MAS. TF and his cronies do not “feel” for MAS and the country except for milking the monies out of MAS into their pockets through the JV. AA has already been BAILED OUT by having Khazanah Nasional to pump the Rakyat monies through the share swap. NOT a single cent was injected into MAS by this share swap deal.
The Government of Malaysia under the leadership of Najib must awake and make the right moves.
13 destinations? maybe you should check again. could be a typo
agree with point made. might be a covert bail out. don’t let them get away. they’re squeezing dry the people’s money…
What share swab? it is an indirect bailout. YB must stop it. We must protect MAS from this big bully. Tony can do it when Chan Kong Choy, Badawi and the Tingkat Empat in power.
It is unheard of where the Government had to build the LCCT for a airline wasting almost RM200 millions. The government must stop to follow the whim and fancy of Tony Fernandes and gang.
YB CK Wee
Please ask these questions in parliament in October 2011. Although my suspicion is that by October all these would be history. Nevertheless we the people need to know,
1. Who are the real owners of Air Asia
2. What is the roles played by Khazanah and Idirs Jala in this ‘giving away the store’ deal
Thank you
Economist Kampong and others
i will definitely press on with your questions. In fact, I have already spoke in Parliament who is the actual person behind AirAsia. I will do it again in October. Please rest assured that I shall not let this go.
Thank you all for the comments. They are noted with interest. Soon Everyone Will know!
With kindest regards
Good question, who is the real owner of AirAsia?
No bailout for for any public listed company. It is not the responsibility of the government to assist them. By allowing AirAsia to owe airport tax for so many years was evident of indirectly helping AIrAsia to compete with MAS.
Settlement of airport with a discount. Bloody nonsense. I hope that the government put a stop to the AirAsia nonsense. The government has no business to help AirAsia. It must be treated as any public listed company. Let them take delivery of the 200 airbus to fly the 13 destinations. Lets see whether Tony can talk after that. Make sure AirAsia pays its airport tax on time.
Dear YB CK Wee,
I’m deeply disturbed with this development and fully support your courage in finding the truth out of all this mess. Thanks to you.
Zek
THIS IS ALL VOO DOO ECONOMICS. YOU AND I WILL NEVER BE ABLE TO UNDERSTAND IT BECAUSE IT IS DRIVEN BY PERSONAL INTEREST.
In fact Nor Yacob and Idris Jala are the two best persons to explain the AirAsia nonsense. Of course, not to forget about the Sleepy Head, SIL and the 4th floor boys.
Go for it YB. We are with you. THe nonsense must stop. We thought that under Najib AiraAsia will not be given all the leeway as what it has been getting under the Sleepy Head. Instead it is getting another 5 profitable destinations including Jeddah recently.
I hope that October will not be too late. Please do your best. We need you to whack this “super genius” airasia CEO, who was caught lying in the Lotus court case in London a few months ago.
Thank you for highlighting this share swab. We are know what it is all about. A bailout.
YB, We want to know who is the real person behind AirAsia? Who is the agent for Airbus in Malaysia? How could AirAsia use the 200 airbus to fly the 13 destinations? When the Ministry of Transport will withdraw the remaining unutilised 19 destinations of AirAsia?
Please get answers for these questions, YB. Thank you.
I thought that it was game over for AirAsia where no more special treatment be accorded like when the SIL and the fourth floor boys were in power. Now under Najib it was no different. Must be the magic of Omar Ong, the God’s gift to Malaysia.
Interesting comments here. I also like to know who is actually behind AirAsia and Tony Fernandes. How could Tony Fernandes be so powerful to be able to owe million of Ringgit airport tax. Pelangi owed a few million Ringgit and its landing right was withdrawn.
If Oasis, the Hong Kong low cost carrier folded up last year, I would like to see the magic of Tony Fernandes doing without the government help. Hopefully the PM will think again if Omar Ong or Tony come along for special help.
Now everyone can con!
hahaha!nice one!!
Thank you YB. What you have unveiled and written must be published publicly for the rakyat to know the story behind all this nonsense. May the voice of many, help to put a stop to this joke! The government must stop politicizing the economy.
Let me try and answer one of the question. There’s no such thing as Airbus/EADS agent in Malaysia, in fact you should checkout who are the Boeing agent in Malaysia – hence AA flying 100% Airbus. EU Antitrust Regulators are among the strictest in the world, and trxn as big as 200 aircrafts are vetted in utmost detailing especially when it’s involves listed entities.
Just a thought..
Biar betul ! …..
It is indeed interesting to note the movement of the AirAsia share prices prior to this announcement……
You raised legitimate points, YB. Mark my words, though. Some fee/debt owing will soon vanish somehow and some nagging aerobridge demands will soon come to bear.
It seems that Khazanah is rushing this share swap deal with great speed. Something fishy is amiss. Azman Mokthar must not be allowed to rush this nonsense through so quickly. We must know what is in store in this whole deal otherwise more public fund will be used for someone somewhere.
AirAsia has had enough of government continuous supports. Building of LCCT airport and the rebuilding of the same airport. Now another airport. Discount of airport tax debts and etc. Enough is enough.
I wish that they are more MPs taking up issues like this.
Ini adalah satu outright bailout untuk AirAsia.
Another project by Azman Moktar and his 4th floor connections. I don’t understand why s Najib allowing such nonsense to go on. The is the legacy of the Pak Lah’s administration. When is this nonsense going to stop. It is so glaring. YB has put the whole story in perspective. Need not go further.
Don’t understand why the PM allows such thing to happen. Is this part of so-called 1Malaysia and part of the round table discussion? It happens with almost every PM that Malaysia had. We have a government that really take care of a public listed company using public funds. I guess it’s time for the independent MP’s to form a coalition as another alternative to BN and PR.
YB, you are our only avenue to get straight answers from the government.
1 malaysia over and over again. malaysia is already a 1 malaysia country without all the promotions and bodeks upon other races.. i’m not being racist. i’m not a full malay anyways
Well done, YB. I have been watching you and you are the most consistent MP.
Why is the opposition keeping quiet… simple, they are allowing the country to go bankrupt first so that they can easily blame the current govt for their failure.
There is a joke going around town that we used to have an Idiot as the PM and now we have a PM with a lot of Idiots as advisers.
Time to save the country, People.
It is very suprising to see such a factless and purely speculative article from a YB. YB, first of all, it is neither a bailout for MAS nor is it for Airasia. It is in fact a new collaborative effort in focusing the potential of Malaysian aviation services to compete in its entirety against other regional airlines, ie SIA, Cathay etc etc as well as all its budget components such as silk, jet and tiger airways. They are all allowed routes into malaysia and are taking a big chunk of the market share from the malaysian players, simply because the local players are just too busy competing with each other. The is no hidden agenda behind it and it is a beneficial move for both the carriers. If airasia is being bailed out, it would not have been GIVEN the bigger chunk of shares (20.5%) of MAS shares compared to only the 10% of airasia shares given to MAS. The other way around should have been the case if this is a bailout for airasia. Next, Tony fernandes would not have been given the prerogative to restructure the MAS higher management if he is the one beng bailed out. Come on ppl, its simple sense, not rocket science.
Is this a bailout for MAS then? It might be but its not because although tony has become the single individual majority stakeholder, the whole of MAS still belongs, in equity and in all legality to Khazanah. A bailout would mean Tony taking over khazanah’s olace as the majority shareholder.
btw yb, are you sure 13 destinations is all Airasia flies to? I can list down here more than 13 and yet the list is not exhaustive. Singapore, bangkok, phuket, krabi, haadyai, phnom penh, saigon, ho chi minh, yangon, hong kong, macau, guilin, guangzhou, shenzen, haikou, jakarta, medan, solo, bali, balikpapan, brunei, melbourne, perth, incheon, london, paris, delhi, cristchurch, sydney, etc etc etc…more than 13 sir, anyway…anyway would be a waste to explain anyway. Im just wondering, why do u even hate airasia do much sir? Just wondering. Btw, i am neither affiliated with mas nor airasia…just a keen reader of your blogroll.
Cheers.
sir, i suggest u to attack straight since u’re politician, not businessman
highlight the main point, explain in easy language, thats what we rakyat want to see.
Dear Sir,
We support you, as can be seen in this post where we mention your blog – http://airasiaannus.blogspot.com/2011/08/government-allows-airasia-and-mas.html . We notice that you have borrowed some of our content. We are not precious about this, as we support you wholeheartedly; however, it would be greatly appreciated if you would mention [and link] to our own blog, ‘Fly AirAsia? Not Me’ – as a reciprocal courtesy. We are on the same team. Could you please make mention of our own efforts in this, or your next post.
Many thanks to you. Please keep up the great fight.
Adilah,
Causeway Co-Op, Fly AirAsia? Not Me
http://airasiaannus.blogspot.com/
YB,
Sir,
I am afraid your take on this is spot on.
This free flying Tony Fernandes with British Football Club and Formulae 1 and AirAsia (AA) has placed Malaysia in possible meltdown mode ahead. I am taking the liberty to quote the following that has been written elsewhere on AirAsia. I hope it is OK with its writer:
Air Asia is being bailed out. Package to rescue Tony. The country helping out an entrepreneur. Same old story, different actors. Thats my conclusion. why not save millions other country men in need of healthier daily food and proper shelter to educate and raise kids
100 % agree with the airport tax issue.bn will lose 1vote in next PRU due to this MAS air Asia share swap.Congrats khazanah or rather Congrats azman mokhtar.
Tony Fernandex is running a ponzi scheme with AirAsia. Continue buying airbus on credits and pocket the commission.
Sooner or later the peanuts and nasi lemak business model wont be able to pay for the airbuses and UMNO will be called to bail out this poor business model.
Anyone believing you can run an airline by giving out 1 million free seats and paying for gas, salaries and aeroplanes by selling peanuts must be believe in anything.
Also Air Asia is the most hated company in the environmentalist for ozone burning by promoting unnecessary air travel!
So Malaysian governemnt will the most hated ozone burners soon.
I ve never voted before in my life. This time I am going to vote for the alternative govt.
Those Penyamun Tarbus just never had enough. How many billions do they want. I pity them , I dont want them to to be burned in the hell fire far too long. The ill money gotten from the rakyat will be the flames that is going to burn them and roast them. Probably they dont know because they skip the religious classes when they were young. So I pity them. In Islam everything is accountable for every cent you make out of someone else and deprived of their right you just have to answer
Anyway If any of you see them, just ask them these questions :
1. How many hours do they have in one day to live.
2. How many life do they have.
3. How many mansions can they stay in one day
4. How much food could they consumes in a day
5. And lastly how much money could they shove in their graveyard when they die.
Their generations will be cursed for consuming ill gotten money.
aiyaa so scary lah………..
check mate. final issued before PRU13..
Fernandes Opens Up on AirAsia
With all the above comments and postings, are every Malaysian and politician aware TF and his goons loyalty?
MAS is the national carrier and is here to stay to service and continue to provide social responsibilities to link various Malaysia points. MAS plays pivotal role as a business entity and at the same time is tasked to undertake social responsibility in Malaysia and for the larger Malaysians populations. MUST Malaysians then continuously blamed MAS and its workforce when the company has been making insignificant profits or substantial loss in order to execute its roles? The company must absorb all the huge expenses like fuel hikes and flying to unprofitable routes as MAS plays its part as the tool and catalyst for the Malaysia economic and Malaysians business growth.
It is though not a permanent excuse for MAS and its management not to be able to turnaround and established MAS as a profitable airline through continuous costs containment and reduction and improve revenue generation especially from the passengers. Some of the costs were caused by unnecessary projects implementation to fulfill some top management like Moz-man who wanted to show off and the head of the company was unable to contain. The revenue management has been a screw up as the department and routes heads failed to look beyond their own regions and work together.
TF and his goons are purely on and for business interests and profits. They investments and interests are not firmly rooted in Malaysia unlike MAS. AA survivals, however, are not dependent on air traffic growth but heavily dependent on the political links which they formed their AA presence in these ASEAN countries. They broke many promises with ease and no regret to provide more services and to be the business catalyst in a number of Malaysian cities as reported in mass media – not a secret to the public. AA has bought more than 200 aircraft which are divided among their AA groups of airlines and up for heavy maintenance and would certainly “brake” their banks; the funds which partly funded from unpaid or not yet paid airport taxes or refunded to canceled passengers.
TF and goons resurrected a number of the once TR initiatives by splitting MAS ancillary businesses and MAS core expenditures like insurance expenses through various JV companies which they have significant stakes and not MAS. TF and his cronies do not “feel” for MAS and the country except for milking the monies out of MAS into their pockets through the JV. AA has already been BAILED OUT by having Khazanah Nasional to pump the Rakyat monies through the share swap. NOT a single cent was injected into MAS by this share swap deal.
The Government of Malaysia under the leadership of Najib must awake and make the right moves.