Malaysia Airlines have defective management skills – Episode 1
This week we would unveil the rooted foundation of the failing management in Malaysia Airlines.
We would begin unveiling the wicked structural planning by Ahmad Jauhari; episode-by-episode containing the factors corrupting Malaysia Airlines for Tony Fernandez.
This first episode distress one of the leads we believe is Hayati Dato Ali.
A double degree holder graduated with BSc in Finance and a BA in Economics from California State University before proceeding with an MBA from the same university. She started her career in Malaysia Airlines as Market Planning Analyst in Corporate Planning Division in 1986 after a brief stint at a local bank.
Correction : Her father; was Dato’ Ali Ahmad; the late Minister of Agriculture that perished on that ill-fated hijacked plane in Tanjung Kupang, Johor, Malaysia on December 4th; 1977. (Thank you to our readers for correction)
Do we remember Danny Rashdan? The former MAS deputy CEO who was asked to resign after he illegally upgraded his nanny to MAS first class cabin; has a cousin-sister i.e. Hayati Dato’ Ali; still working for Malaysia Airlines.
Miss Hayati Dato Ali has been a circulated object serving as Executive Vice President for MAS In-flight Service since September 2006 and was removed from In-flight Service to Airport Operation in 2011 where she previously had served before as Assistant General Manager of Airport Operation for MAS.
Our reliable sources affirmed after Danny Rashdan tendered his resignation; Hayati Dato Ali pursued her appeal to Ahmad Jauhari to get transferred back to MAS In-flight Service where she could carry on what’s left designed by Danny Rashdan; which is to reduce manpower in Cabin Crew by means of forcing the senior staff to voluntarily resign under extreme pressure.
During her short stint with MAS Airport Operation; she had introduced ‘OUTSOURCING’ as way out supposedly for cost efficiency but ended with double costing for Malaysia Airlines. She had caused MAS Airport Operation incurred higher cost with inconsistency services where massive delays in delivery were the end of her career with MAS Airport Operation.
Knowing Hayati Dato Ali has defective leadership skills; Ahmad Jauhari the clueless MAS CEO went ahead approving her running MAS In-flight Service division only with “this time” she is mission-ed to depress and contaminate the entire MAS division.
MAS in-flight services have been the main attraction for frequent travelers of Malaysia Airlines. By contaminating the main services; it would destroy the entire company where-thence a prescribed alternative will be to OUTSOURCE the entire In-flight division gradually which is already in process with one of the vendors designing MAS Cabin Crew’s roster is India-based company owned by Tony Fernandez.
Miss Hayati Dato Ali is famously known for her intoxicating conversation – an orthodox idiotic streak. She has the quality of being down straight idiotic, very intellectually challenged chosen as the representative of the middle management for Malaysia Airlines by Ahmad Jauhari – The Greatest Con-artist.
Her recent decision for reviewing all contracts with MAS long-term suppliers has cause an internal upheaval boycotting in beverages supply for both MAS First and Business Classes. It looks like this could be the latest inclination from Miss Hayati Dato Ali that is to sabotaging MAS loyalty program via the shortchange for the In-flight service that MAS is well renowned for.
Either Miss Hayati is planning to sabotage Malaysia Airlines or she is down straight intellectually challenged.
Our readers have informed Malaysiaairlinesfamilies that MAS loyal travelers were amazed when being served with those beverages ordered for Economy class. We are informed there were no supply of higher grade wines for first and business class travelers routing to Australia and Europe. If this is true; we ask for MAS TOP MANAGEMENT to end this immediately before all loyal travelers cease their memberships with Enrich Loyalty Program.
Hmm..is this what Malaysia Airlines made of with such a quality management for an Executive Vice President? Or could this be one of the destructive plans driving away MAS loyal travelers?
The Oneworld strategic planning for its alliance is QUALITY TRAVELING EXPERIENCE and there you go Malaysia Airlines with the dumbness running to reducing the quality in-flight service for it; we doubt the alliance with Oneworld would be of LONG-TERM planned.
From our gathering sources, Hayati Dato Ali has two daughters whom she intends to recruit into Malaysia Airlines to carry on her legacy contaminating the entire division.
We hope Malaysia Airlines will be stringent in screening cronyism and nepotism from being carried on to the next MAS generation.
We appeal to our readers to come forward with more internal true stories exposing the intellectually challenging middle management of Malaysia Airlines.
On our next episode we would expose Miss Hayati Dato Ali’s cronies from the opposition party and their failure in coordinating MAS In-flight Service division. Get ready to unveil more of Hayati’s impaired coordination / sabotage inside Malaysia Airlines.
Stay tuned to Malaysiaairlinesfamilies for best insight true stories!
NUFAM brewing plans for MAS Cabin Crew – Part II
This week would see a disastrous opportunity for Mr. Lipas man a.k.a. Mr. President of NUFAM on annihilating a group of innocent MAS Cabin Crew whom have zero ideas of what NUFAM is brewing. NUFAM IS A HOAX. A strategy formed by Zahrah Zaid – MAS Human Remains Director to destroy the workers’ in entirety. Zahrah Zaid works secretly for Tony Fernandez – Malaysia Airlines must be cautious with her movement and planning for its workers due Zahrah’s action may destroy MAS images.
Our previous posting here – Part I provided some insight on NUFAM plans on cheating MAS Cabin Crew via its so-branded “NUFAM SECRET BALLOT“.
NUFAM – National Union Flight Attendant Malaysia is brewing plans sabotaging huge employment opportunities for many innocent MAS Cabin Crew who only seek decent employment and security with Malaysia Airlines.
The planning between Zahrah Zaid and Mr. Lipas man were cooked on getting rid of 500 to 1,800 cabin crew in Malaysia Airlines and reducing their benefits; terms and conditions altogether.
Malaysia Airlines has been serving the public as National Carrier for the past 40 years. We find it very cruel to have such a huge organization allowing the imported proxies of Tony Fernandez sitting on top of the management ruling the workers who have contributed their entire life building this National Carrier whilst the imported proxies are tasked to cease the workers’ tenure of employment with Malaysia Airlines.
This week, Nufam, in a notice posted on its website and a copy made available to StarBiz, said: “Nufam will stage a full public protest against the Human Resources Ministry over the delay of the MAS Nufam secret ballot.” The day has been set for March 28, the time; 1pm, and the place; the entrance and courtyard of the Human Resources Ministry. MORE read HERE.
ZAHRAH ZAID the evil woman has another anti-union double agent – Mohd Fauzi Mahayadin aiding and abetting her in assisting NUFAM providing Mr. Lipas man the most confidential document belonged to Malaysia Airlines whilst instigated NUFAM to protest outside Ministry of Human Resource before the upcoming General Election is held to embarrass the Prime Minister.
This planning was reported already in the pipe-line laid by all NUFAM Executive Union Officers collaborated with Zahrah Zaid and her double agent last year in 2012. The staging of protest is to push for the Ministry of Human Resource particularly its deputy cougar Minister Maznah Mazlan for her gavel to end the conflict on NUFAM secret ballot for MAS Cabin Crew.
Despite knowing the wrong is with the deputy Minister of Human Resource – Maznah Mazlan when approving NUFAM; there’s nothing much for the Ministry of Human Resource to correct the wrong doing conducted by his deputy.
As a matter of fact; Mazlan Maznah who have been reportedly meeting Tony Fernandez have been providing assistance to NUFAM for its attempt penetrating into Malaysia Airlines as stakeholders representing Tony Fernandez’s views and policies.
One of the policies from Tony Fernandez is to cease all traveling privileges for MAS workers in exchange for the workers to opt for Air Asia staff and family scheme and all MAS terms and conditions would drastically be arranged in parallel to Air Asia’s present terms and conditions for its Cabin Crew if NUFAM is to take the lead in negotiation for MAS Cabin Crew.
Whilst MASEU the in-house union for MAS Cabin Crew might not keep too quiet about NUFAM interference in its negotiation process; have ignored the whine and cry that does nothing for MAS workers.
We are updated NUFAM have no track records on achieving improvement for MAS Cabin Crew accept for disuniting among its members and non-members. Of late; NUFAM have been forcing some young MAS Cabin Crew harassing them for signing up as members and paying upfront of up to RM400 per sign-up for two memberships fees.
NUFAM have also sought the assistance from the Director of Trade Union Affairs – Mustafar Bin Ali and Roslee Sabaruddin for special advice on staging the picket outside the building of MOHR at 1 pm on 28th March 2013.
This warning of protest by NUFAM only serves as drama for doing something for its NUFAM members. Our reliable informants alerted Malaysiaairlinesfamilies that the protest by NUFAM on 28th March 2013 is a hoax as it will be cancelled on that morning due all NUFAM Executive Union Officers will be providing excuses away for work and running errands; on sick leave or in hospital seeking treatment or even “late attendees” their name should be.
In the meantime, we are well-informed NUFAM “trashing forum” would be updating all lies and flies buzzing around the bush to keep its members spirit high and strong. Strangely, how is it possible for a National Carrier to have employed such crooks sabotaging Malaysia Airlines’ images particularly when Malaysia Airlines has just joined ONEWORLD ALLIANCE.
Stay tuned to our updates from Malaysiaairlinesfamilies. We are currently investigating more stories on Tony Fernandez and his scammy businesses and his conceiving tactics luring investors into buying his bankrupting business – Air Asia.
A tale of two airlines in Malaysian skies – Episode 2 “Exposing Against Tony Fernandez’s proxy”
He who has the history of bankrupting and DE-listing a private corporate company – Malakoff Corporation Berhad; who successfully and viciously terminated thousands of workers during his tenure with Malakoff Corporation Berhad; and he who had declared for Malaysia Airlines the first massive losses of RM2.52 billion during the share swap and collaboration framework with Air Asia.
WE believe MAS present CEO is either incompetent or intentionally collaborating with Tony Fernandez of Air Asia to save Air Asia from bankruptcy at the expense of Malaysia Airlines by giving away MAS routes to Air Asia terminating Johannesburg that generated 80% of revenue for Malaysia Airlines; Dubai that generated almost 95% of revenue for Malaysia Airlines and Haneda that merely started to generate revenue for Malaysia Airlines. He fails in his fiduciary duty recovering the loss of MAS routes from Air Asia. The longer he sits as MAS CEO position; the more routes will be lost to Air Asia through his plannings. His claims were those routes were not profitable and bleed MAS to dry and by contrast he has granted Air Asia many opportunities to open new routes into those routes MAS had lost under the corporate leadership of Ahmad Jauhari – a.k.a. The Clueless CEO. The truth is Ahmad Jauhari secretly approved the giving away of Johannesburg, Dubai, Haneda and Taipei for Air Asia.
Ahmad Jauhari has been lying to his workers of the performance of Malaysia Airlines and we caught his evil collaboration with Tony Fernandez and proxies i.e. Azahari Dahlan and Zahrah Zaid for fixing up the workers from the inside of Malaysia Airlines.
Let us brief the public the ingredients to destroy Malaysia Airlines by Tony Fernandez’s proxies;
- Ahmad Jauhari’s special skill is to shrink the operation; DE-listing the corporation like what he did to Malakoff Corporation Berhad and planting more corporate espionage of Air Asia into Malaysia Airlines establishing the platform of insecurity for the workers. His plans were to DE-list Malaysia Airlines and possibly bankrupt it at one ringgit value for Tony Fernandez to buy over. His best performance is playing PRETENTIOUS GAME with MAS workers seemingly portray a good man with vision to save Malaysia Airlines. Time for Ahmad Jauhari to tender his resignation as soon as possible or face the invincible wrath – FIRED and HUMILIATED.
- Azahari Dahlan will work on recruiting Air Asia’s loyal workers into Malaysia Airlines Aerospace Engineering with intention to sabotage Malaysia Airlines’ aircraft where he successfully responsible for engines on fire and emergency landing. His further mission is to ensure Air Asia’s aircraft could be serviced for FREE on the house when Air Asia sends all of its Airbus aircraft for major overhaul maintenance this coming August 2013. The last head of division in MAE had responsibly asked for CASH TRANSACTION from Tony Fernandez; was terminated by Ahmad Jauhari.
- Zahrah Zaid’s mission is to crush the workers’ rights and fixing the workers for fast termination. She is to break up all MAS unions and associations before her contract ends with MAS. Whilst she sat as the director for MAS Human Resource Division; she quickly fixed the remuneration for the top management using the budget that was meant for the workers and today she had her salary hiked up 150% from RM40,000 right up to RM100,000. Read here for more information on Zahrah Zaid’s infamous history.
The TRIO have planned well for fixing all the workers using their available sources, relatives and connection. Especially Ahmad Jauhari – he has a relative working as Deputy Director of Anti-Corruption Agency to frame up those who were against the collaboration with Air Asia with the help from NUFAM, NUFEM (that is yet to be formed) and NUFOAM (that is under way to be formed).
Tony Fernandez desperately wanted Malaysia Airlines more than any other businesses. He sees MAS as a very SEXY LADY and wishes to re-marry MAS through the Malaysian tycoon – Syed Mokthar Al-Bukhari buying over Malaysia Airlines. Syed Mokthar Al-Bukhari does not have the expertise to run Malaysia Airlines and we believe he is being used by Tony Fernandez to purchase Malaysia Airlines from the ladies in RED.
However, in this Episode 2; you will learn the comparison on the performance between Malaysia Airlines and Air Asia where Malaysia Airlines’ shares is expected to rise up to RM8.50 than of Air Asia’s shares which has more limitation in ratio of profit to value and cash return on investment.
MORGAN & STANLEY analyzed on prospective F2008 P/BV, both MAS and Air Asia are trading at undemanding multiples of 1.2-1.3x, comparable to the Tier-1 airlines multiple of 1.3x. We do not look at P/E multiple as Air Asia’s earnings are boosted by deferred income tax credit, and contribute to the low artificial P/E multiple.
Investment Conclusions. Morgan and Stanley conclude with three investment observations.
- Closing the Efficiency Gap. We believe MAS has successfully restructured its business model and has a new business transformation plan to grow operating revenues. By focusing on delivering value to passengers and cargo/MRO customers and taking out non-essential costs, MAS is building a lean cost structure to compete more effectively with low-cost airlines and the regional network airlines. Air Asia, which viewed MAS as a non competitive threat in the past because of its gross operational inefficiency, is now re-defining its product to create added-value services to compete with MAS. The net impact is the operational efficiency gap between the two airlines has narrowed significantly over the past two years, as highlighted by the operating and pretax margin trends (see Exhibit 2).
- Sharp Divergence in Cash Position. MAS raised its cash reserve through a rights and loan stock issue last year and had accumulated a cash position of RM5.3 billion at December 2007. In a very tight liquidity credit market, MAS had net cash of RM4.4 billion while Air Asia had net debt of RM3.3 billion at December 2007. As funding costs start to rise with increasing credit default risk, we think Air Asia’s plans to seek to fund its aggressive capital expenditures of RM2-3 billion for the next five years might encounter difficulties in a tough credit market. In F2008, we estimate Air Asia would need to raise about RM3 billion to fund the estimated capital expenditure of RM2.8-3.0 billion, whereas we estimate MAS’ capital expenditure would not be more than RM1.0 billion.
- Potential Derivative Losses. We are particularly concerned about Air Asia’s fuel hedging position. We view the directional bet on oil positions via its sold call options – currently exposed on its F2009 and F2010 oil positions – as potential derivative losses that could severely undermine the company’s cash flow to service both the interest and fixed contractual payments. If WTI oil prices remain above US$90/bbl for the next two years, the underlying operational losses, and more importantly, reduced cash flow generation for Air Asia could have a substantial impact on its franchise value. In contrast, MAS has adopted a conservative fuel hedging strategy whereby it will benchmark its hedging ratio to the average hedging ratio of the Asian airlines to reduce oil volatility.
On a risk-reward tradeoff for the Malaysian aviation sector, we believe MAS shares offer much better risk-adjusted upside potential than Air Asia shares, and we recommend investors switch from Air Asia to MAS. Given MAS’ franchise value of less than 1.0x EBITDA, we believe MAS is attractively valued for deep-value investors.
Buy MALAYSIA AIRLINES And Sell Air Asia
Morgan Stanley research on Air Asia
Investment Thesis
- Tough corporate restructuring builds a strong platform for MAS to compete effectively with the top airlines in Asia.
- Active yield management drives up operating revenues and enhances operating margin.
- Falling oil prices boost near-term earnings and contribute to positive earnings surprises.
Key Value Drivers
- Network rationalization enhances operational efficiency and load factors.
- Focus on profitable routes and maximize yield to enhance value for shareholders.
- Surplus cash reinvested for earnings growth to enhance shareholder value.
Potential Catalysts
- Yield surprise. Higher fares achieved despite lowering fuel surcharges due to active yield management.
- Positive earnings surprise could arise from Airbus compensation, falling oil prices, or higher yields.
- Jet fuel prices below US$95/bbl would lower MAS’ operating costs to 31% vs. 34% currently, and substantially improve net earnings.
Key Risks
- Slower global GDP growth. If US and global economies slow significantly, the weak global travel outlook would be negative for the carrier.
- Threat of low-cost airlines. If LCCs aggressively lower fares to increase market share, MAS and other airlines would likely cut their own fares to protect leisure passenger segments.
- Strong competition from Gulf carriers. Gulf carriers are expanding their fleets aggressively to take advantage of open skies in Asia. Long-haul routes at risk for MAS.
Investment Thesis
- Low-cost airlines (LCCs) in Asia have the potential to increase passengers at a CAGR of at least 20% for the next five years, by our estimates.
- Air Asia has the first-mover advantage in the LCC industry, and the carrier has built a proven and successful LCC business model in Asia.
- If WTI crude oil prices stay above US$90/bbl in 2009 and 2010, Air Asia would be exposed to substantial derivative fuel contract losses and lack of cover for the high jet fuel prices, and this could lead to negative earnings surprises.
Key Value Drivers
- Factors driving the high LCC growth are liberalization of ASEAN and Asian skies, doubling of aircraft orders by Asian LCCs in four years, and low market penetration by LCCs in the Asia/Pacific market.
- High operating earnings CAGR supports high EV/EBITDA, and is a key support for Air Asia’s share price, in our view.
Potential Catalysts
- Fast track in ASEAN aviation liberalization.
If ASEAN skies are liberalized ahead of the 2008 deadline, we see additional regional cities as an upside option for the carrier.
- Network route rationalization.
We see significant incremental growth potential from the domestic and international routes, particularly from capacity expansion to India and China, two of the fastest-growth aviation markets in the world.
Key Downside Risks
- Restructured and recharged Malaysia Airlines (MAS).
We think the revamped national carrier could prove to be a formidable competitor to Air Asia. Impact of high fuel surcharges on underlying fares. The higher ticket fares, which incorporate the increased fuel surcharges, could have negative implications for passenger travel.
- Inflated equity.
We think net equity for Air Asia was inflated by 30% at June 2007, and possibly by about 35-40% for the next 2-3 years, due to mounting deferred tax credits and deferred associate losses on the balance sheet.
Malaysiaairlinesfamilies will continue to expose Ahmad Jauhari’s illegal activities inside Malaysia Airlines – so Ahmad Jauhari better equip with battalion or leave before your are fired and arrested. You shall continuously declaring profits for Malaysia Airlines and promoting MAS shares transparently.
Stay tuned for more updates on Tony Fernandez is making a comeback to Malaysia Airlines using MAS gullible workers and the billionaire tycoon.
How Tony Fernandez uses Mittal to luring Rattan and Arun into investing in AirAsia X – India?
In early 2011, AirAsia’s Tony Fernandes was waiting to meet officials in the civil aviation ministry in New Delhi for talks on starting flights to India from Kuala Lumpur. On the wall of the room he was waiting in was a poster of J.R.D. Tata, founder of Air India. He says he sent a text to Tata group chief Ratan Tata: “This is a sign, let’s do it.” Fernandes had met J.R.D. Tata’s successor as Tata group chief at a Formula 1 race in 2005.
Fernandes recalled, in a phone interview from London, the events that led up to Wednesday’s announcement about the joint venture plan with the Tata group and Telestra Tradeplace Pvt. Ltd. Edited excerpts:
What was Ratan Tata’s reply to the text message?
He was very keen about it. He knew AirAsia, he saw what we had done in the market. He obviously had a passion for aviation and all the stars aligned at the right time.
Both partners have a sporting background also. I met Mr Tata through the Formula 1 business. When Tata was a sponsor, Narain and I made contact with Mr Tata (Tata group sponsored race driver Narain Karthikeyan for F1 in 2005). When the Indian government started liberalizing, I talked to him straight away. I said, look it’s time we look at this and I can’t think of anyone else I would like to do this with. That was six months back.
In the last six months since the government opened up foreign direct investment (in India’s airlines by overseas carriers), you made several trips to India and tweeted about your excitement regarding the Indian market. How did those trips go?
All the times I have come to India, I was kind of teasing a bit because at all times you were in discussion on this. And the driver (he hired in India) made the biggest impact on me.
This man took 40 hours to get from Madras to Delhi in a train and we were talking about fares (as he drove him around for meetings in Delhi) and how much he would pay to fly and that gave me the confidence to change many people’s lives in India and really create a product which could really be low-cost and make an impact.
Did you meet Ratan Tata at Bombay House?
I have met him in various places and yes Bombay House is one of them.
But yes, when I finally presented it to the Tata Sons board, it was in Bombay House. It was about two months ago.
There’s some speculation that since L.N. Mittal’s family is connected to the Bhatias of Telestra, the deal was sealed when you were at the World Economic Forum meetings in Davos.
No. It was sealed before. It was a pure sporting deal. Its QPR (Queens Park Rangers, the UK football club that Fernandes owns) on one side Caterham (British sportscar maker and F1 team owned by Fernandes) on the other side. Both were the links to my partners in India. (Arun Bhatia’s son Amit Bhatia is the son-in-law of ArcelorMittal’s L.N. Mittal and serves on the board of directors at QPR club alongside Fernandes.)
And you are not buying Kingfisher?
No. My whole life has been about organic growth. Never say never, but we have generally grown organically because of cultural reasons etc. So, Kingfisher definitely not, I mean (it’s) too far down the wire, I think.
How has the reaction to the announcement been?
We have got an amazing response. The Indians are very excited about it. It’s something I am very proud of, it’s something that’s been long in the making. Obviously, I am of Indian origin so it makes it that much more special. My father, Stephen Fernandes, was an Indian from Goa and mother Ena Fernandes was a Malaysian from south India. I think we couldn’t have found better partners, which is the most exciting thing of this venture. To partner with the Tatas and to partner with the Bhatia family is something very special, I think. We have studied this market for a long, long time so this is not something we have jumped into and I feel we can produce a product at the right cost structure which will then give the right fare to really stimulate the Indian market and create some real economic growth in the Indian market.
When is AirAsia India likely to start services?
I think it depends on all the approvals but I hope sometime this year.
What’s the vision that you and the Tata group have for the airline two years down the line?
I am never good at that. If you would ask me a few years ago, when I started AirAsia, we had all these planes, we just ploughed on. But vision? Take India, one step at a time. It’s important. India is too big a country to try and do everything. We will take India one step at a time. We will do region by region. Our main vision is a lot of new routes, a lot of connectivity that’s not been done before.
That’s only flights within India?
Yes only within India. We are not allowed (to fly on international routes) until the laws are changed, so we will be only focused on domestic. (Indian rules require an airline to complete five years of domestic operations before starting overseas flights.
Will AirAsia India have only Airbus A320s or ATRs also?
No ATRs. Only A320.
So it will be a pure-play, low-fare airline?
Yes, it would be.
Stay tuned for more updates from malaysiaairlinesfamilies who were once the victim of Tony Fernandez and airasiafamilies who are the worst paid workers in Malaysia, Thailand, Indonesia and Philippines. In AirAsia, the workers are far treated like peasants doing all dirty cleaning for Tony Fernandez for free. Read here on how Air Asia treated its workers.
Why Tony Fernandez bought QPR and How will Air Asia pose threat to the Indian Civil Aviation Industry?
The imminent threat of having Tony Fernandez around you is “YOU” would not know when “YOU” will be eaten alive by him.
The actual truth of Tony Fernandez having bought and owned Queen Park Rangers is to get close to the world’s richest Asian descent i.e. Lakshmi Niwas Mittal.
Lakshmi Niwas Mittal is an England-based Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 41 percent of ArcelorMittal and holds a 34 percent stake in the Queens Park Rangers F.C. football team.
Mittal is the richest man of Asian descent. Despite being the wealthiest man in Britain, he does not hold British citizenship. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to having lost $10.4 billion the previous year. In spite of the drop, Forbes estimates that he still had a personal wealth of US$16 billion in October 2012. He is also the 47th “most powerful person” of the 70 individuals named in Forbes’ “Most Powerful People” list for 2012.
His daughter Vanisha Mittal’s wedding was the second most expensive in recorded history.
Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the European Aeronautic Defence and Space Company. He sits on the World Steel Association’s executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum’s International Business Council, and the Presidential International Advisory Board of Mozambique. He also sits on the advisory board of Northwestern University’s Kellogg School of Management in the United States and is a member of the board of trustees of the Cleveland Clinic.
In 2006 The Sunday Times named him “Business Person of 2006″, the Financial Times named him “Person of the Year”, and Time magazine named him “International Newsmaker of the Year 2006″. In 2007, Time magazine included him in their “100 most influential persons in the world”.
As Mittal is one of the most important business men in India; Tony Fernandez has planned ahead to use Mittal in expanding his Tune Group empire into India by luring two Indian rich investors i.e. Ratan Tata and Arun Bhatia to invest in Air Asia X – Chennai based India.
As AirAsia seeks approval to start operations in India, it can pose a threat to local low-fare carriers. AirAsia Bhd has submitted an application to the Indian government seeking approval to start domestic operations.
How will Air Asia’s entry affect Indian aviation?
After establishing joint ventures in Indonesia, Thailand, Japan and Philippines, the Malaysia-based AirAsia Bhd has submitted an application to the Indian government seeking approval to start domestic operations. As per the proposal, the airline’s investment arm AirAsia Investment Ltd will hold 49% in the proposed Indian joint venture with Tata Sons Ltd (30%) and Arun Bhatia of Telestra Tradeplace Pvt Ltd (21%). This move comes in the backdrop of the September decision by the Indian government to open up the aviation sector to foreign direct investment from foreign airlines.
How big is the threat?
Apart from AirAsia being the leading and largest low-cost carrier in Asia, the cost structure of the airline is the lowest in the world. According to local airlines’ representatives, AirAsia’s cost is at least 30% lower than Indian low-fare carriers because of low-cost terminals in other countries, cheaper jet fuel and other advantages.
With this huge cost advantage alone, AirAsia can give local low-fare carriers—IndiGo, SpiceJet Ltd and GoAir—a run for their money. Full-service carriers such as Jet Airways (India) Ltd and Air India will also feel the heat. Also, AirAsia chairman Tony Fernandes is known for unleashing Rs.1 fare from Mumbai to Kuala Lumpur.
J.P. Morgan Securities Singapore Pvt. Ltd’s analyst Corrine Png, in a note on 21 February, wrote AirAsia’s India entry is negative for Indian airlines, especially SpiceJet, given its major presence in Chennai and exposure in smaller cities. “With traffic under pressure, it would be challenging to sustain higher yields. The entry of new players could put pressure on pricing,” Png wrote.
On a conference call last week, Fernandes said it would not opt for 70-seater planes at any point and it will stick to Airbus A320 planes that have around 200 seats each. India has around 40 runways where such big planes can land. This would mean that AirAsia’s proposed Indian venture would add pressure to crowded routes, although the carrier is known for flying to smaller cities.
What can go wrong in AirAsia’s strategy?
According to a note by consultancy firm CAPA, the AirAsia brand has entered nine Indian markets since late 2008 but has had to drop three, including Mumbai and Delhi, because of lack of profitability and high airport costs in India. But AirAsia’s Fernandes is unperturbed. He says he has done his homework to stay low cost before finalizing the proposal.
So how immediate is the AirAsia threat?
AirAsia has plans to start operations with three to four planes. The smallest low-fare carrier GoAir has 13 planes. So it will take some to scale up. More importantly, AirAsia has just applied for the permission with Foreign Investment Promotion Board.
It has to seek an air operating permit. The aviation ministry is in no mood to give permission to import planes, so issuing a fresh licence would take some more time. The ministry is also concerned about the financial health of domestic airlines as two of them—Kingfisher Airlines Ltd and Paramount Airways—were grounded. This would mean it will take around a year for the threat to materialize.
Next – How AirAsia luring Tata Group and Arun Bhatia and struck the deal in Bombay?
Stay tuned to Malaysiaairlinesfamilies JV with AirAsiafamilies for more information on Tony Fernandez the Scumbag – The King of Drug lord and The Pirates.
A tale of two airlines in Malaysian skies – Episode 1 “Buy MAS Sell Air Asia”
The industry view on the National Carrier – The Malaysia Airlines conclusively recommended the investment funds holding Air Asia to switch into Malaysia Airlines (MAS). On a risk-adjusted reward trade, a well-known researcher Morgan & Stanley see limited downside for MAS at the current price. Net cash accounts for more than 70% of market capitalization, and Morgan & Stanley believe the MAS share price could double if the carrier achieves its internal net profit target of RM0.7-1.0 billion for this year. In contrast, Morgan & Stanley (M&S) think Air Asia’s share price could see further downward pressure if oil prices and funding costs stay high.
Where M&S Differ:
While many like Air Asia’s low-cost business model, we think MAS has restructured its operation to be extremely competitive with Air Asia, and the carrier now has much better fundamental operating prospects than Air Asia does. The market appears to believe Air Asia will continue to take market share from MAS.
Malaysiaairlinesfamilies; however, believe drastic changes may affect Air Asia market share from MAS when Malindo Airways took off in March 2013. Many Malaysians are waiting in line to fly with Malindo Airways.
Why Morgan & Stanley Researchers Like MAS over Air Asia:
Disciplined growth strategy;
Sharply improving operating and pretax margin trend;
Prudent fuel hedging strategy;
Strong balance sheet and negative gearing; and
Attractive relative valuation.
Divergence in Relative Valuation: If we subtract net cash from MAS’ market capitalization, its franchise value is less than 1.0x EBITDA. In contrast, EV/EBITDA for Air Asia at 11.5x is expensive, given the inherent risks of potential fuel-hedging derivative contract losses and higher funding costs to finance capital expenditures for the next five years.
“Buy MAS, Sell Air Asia”
Brief notes about Morgan & Stanley:
Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.
For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report.
+= Analysts employed by non-US affiliates are not registered pursuant to NASD/NYSE rules
The rating of MAS & Air Asia by Morgan Stanley in April 2008
MAS (RM3.60) is rated Overweight (RM7.00 price target) above;
While Air Asia (RM1.38) is rated Underweight (RM1.20 price target) below
Investment Case – Summary and Conclusions by Morgan & Stanley
In our initiation report on Air Asia, First-Mover Advantage in High-Growth Industry (30 June 2005), we provided a comparative analysis between Air Asia and Malaysia Airlines (MAS) on the domestic operation. Our conclusion was that even though Air Asia network capacity size is about 15% smaller than MAS’, Air Asia has significantly lower unit costs that more than offset its low unit yield when compared with MAS. The net impact was a wide divergence in operating profit: Air Asia recorded an operating margin of 20% while MAS reported a negative operating margin of 21% for the nine months ranging from July 2004 through March 2005.
Prior to MAS’ corporate restructuring exercise in 2006, Air Asia had little competition, and we believe the vastly inefficient and poorly capitalized MAS has made it easy for Air Asia to gain domestic and regional market share at the expense of MAS. We think the picture between the two carriers has changed dramatically since then, and MAS’ fortunes now appear to be rising at Air Asia’s expense. Our preferred aviation play in Malaysia is MAS, and we rate the stock Overweight with price target of RM7.00. We rate Air Asia Underweight and see fair value at RM1.20.
MAS versus Air Asia: Changing Fortunes
We highlight five reasons why we prefer MAS over Air Asia for the Malaysian aviation market.
I. Revenue Growth Strategy
For the past three years (2005-2007), Air Asia grew at an exceptional rate with RPK doubling to 9.86 billion and operating revenue rising 141% to RM1.6 billion at the end of June 2007. In contrast, RPK for Malaysia Airlines fell by 13% to 36.8 billion, but operating revenue rose 22% to RM14.9 billion at end of December 2007. In 2005, the domestic operation was part of the MAS network, but following a major corporate restructuring, the domestic operation was downsized. A significant portion of the domestic routes was transferred to Air Asia in 2006 as part of the government aviation policy of increasing competition. The growth comparison is also affected by the fiscal year changes – MAS changed its fiscal year to December from March in 2005, and Air Asia changed its fiscal year to December from June in 2007. Since we used an annualized 12-month period for our analysis, we think the fiscal year change should not affect the magnitude and direction of our analysis.
We think it is interesting to highlight that MAS was growing operating revenues by enhancing yield (indirectly higher fares) and other revenue sources, particularly cargo, while Air Asia grew its operating revenues sheer by an increase in passenger volume to gain market share.
MAS is expected to continue its steadily growth and path of growing RPK by 15% and operating revenues by 19%.
Malaysiaairlinesfamilies think MAS growth trend has got higher after the carrier took new delivery of its new A380 aircraft.
Of course, Air Asia or Group Tune Air would be recommending Air Asia to buy Tony Fernandez’s pipeline order of A380 aircraft to penetrate into Los Angeles routes competing painfully with MAS. That is what Tony Fernandez is all about in the aviation industry. All he cares is to KILL Malaysia Airlines just to save his stupid LOW CASTE Air Asia.
II. Operating and Pretax Margin Trends Over the 1995-97 period
MAS’ operating margin swung from a loss of 13.7% in F2005 to a profit of 3.0% in F2007. Air Asia’s operating margin declined from 14.1% in F2005 to 12.0% in F2007. The trend was similar for pretax margin. Air Asia’s declined to 17.3% in F2007 from 18.8% in F2005. The swing was more spectacular for MAS, rising from a loss of 13.3% in F2005 to a profit of 5.9% in F2007. A disciplined revenue growth strategy and tight control on operating costs led to the big earnings turnaround in MAS’ operation, and the operating margin gap between the two airlines has narrowed significantly since 2005.
The sharp divergence in operating and pretax margin performance between the two carriers should become more evident in the next two years. We expect Air Asia’s operating margin to rise to 19.4% in F2009 from 12.0% in F2007 but look for the pretax margin to drop further to 9.5% in F2009 from 17.3% in F2007. In contrast, we expect MAS to see an improvement in operating margin to 5.2% in F2009 from 3.0% in F2007 and anticipate a higher pretax margin of 6.4% versus 5.9%. While Air Asia will likely see pretax margin pressure from high net interest expense, MAS should benefit from net interest income primarily due to its huge net cash position.
III. Fuel Hedging Policy
We see a sharp contrast in fuel hedging strategies between the two airlines. MAS has adopted a conservative fuel hedging policy whereby it benchmarks its fuel hedging ratio against the average hedged ratio of its regional airline peers. The underlying fuel hedging philosophy is that MAS management does not want its airline operating performance to be significantly affected by volatile oil prices when compared to the other Asian airlines. In contrast, Air Asia takes directional bets on its oil position as part of its fuel hedging policy. In late 2007, Air Asia management sold call options at US$82.60/bbl for 150,000 barrels per month, and the call options will be triggered if WTI crude price averages US$90/bbl for the month. The premium from the call options was used to cover the insurance premium for buying puts at US$69/bbl and selling puts at US$55/bbl for 150,000 barrels per month.
While Air Asia management has effectively closed its directional oil position bet for 2008 by buying and selling more call/put options to neutralize the original fuel hedging contract position, the carrier still has directional bet for January 2009 to June 2010 call option position. If WTI oil prices stay above US$90/bbl during January 2009 and June 2010; the losses for Air Asia are likely to mount between the spot price and US$82.60/bbl. If oil prices trade substantially higher in the current environment due to the weak US$, we see an increasing risk that the derivative loss could be substantial, affecting both the operating and financial position of Air Asia.
Malaysiaairlinesfamilies believe the above is the cause of Air Asia being not sustainable as compared to Malaysia Airlines – the oil prices trade has increased the risk affecting both the operating and financial position of Air Asia which is why Air Asia needed desperately to cheat its customers and swindled the stupid fool in Khazanah – The Men-In-RED who holds the title with Stupid Fool (SF) Azman Mokhtar.
References can be found here;
Part I – Air Asia is a cheat Part I;
Part II – Ask Air Asia how to cheat customers – Tony Fernandez will answer;
Part III – Now Everyone Can Buy Air Asia Tickets but Cannot Fly;
MAS, however, does not have derivative exposure risk on its oil position. In F2008, the carrier has hedged 43% of its fuel requirement at the WTI crude oil price of US$89/bbl and another 13% at US$95/bbl for its fuel requirement in F2009.
IV. Financial Leverage
At the end of December 2007, net debt-to-equity for Air Asia was 158% (in June 2007, the gearing was 170%), whereas MAS had a net cash position. In F2009, we expect Air Asia’s leverage to rise to 227% as the carrier raises new borrowings to finance the aircraft acquisition.
However, we think shareholders’ equity for Air Asia is inflated with deferred income tax credits and the deferred losses from associates, and if we adjust the shareholders’ equity, the underlying net debt-to-equity for the carrier rises to 372%.
Despite the huge capital expenditure for the new aircraft order — MAS recently ordered 55 B737-800 aircraft for US$4.2 billion with 35 firm and 20 option – we forecast the carrier will still be in a net cash position in F2009, as the bulk of the capital expenditure will be incurred from F2010 onwards.
We believe MAS will raise debt capital in either 2009 or 2010 when capital market conditions are likely to be much improved from the tight liquidity credit crisis where funding costs have increased due to the rising credit default swap risks in the past months.
In contrast, Air Asia will have to raise RM2-3 billion a year for the next five years, and we estimate the carrier will need to raise RM2.8 billion for F2008.
Malaysiaairlinesfamilies saw as analyzed by Morgan & Stanley in 2008 where Air Asia needed to raise a minimum of RM2.8 revenue annually supposedly since F2008 to rescue Air Asia from Act 360 (Bankruptcy Act 1967); however it did not go well as expected due to fuel prices hiked unexpectedly where Air Asia in fact had declared losses consistently for two year from F2007 to F2008. The collaboration with MAS orchestrated by Air Asia was to have MAS profits siphoned out to save Air Asia which led MAS to declare for the first time in Malaysia industry; a mass record of RM2.52 billion loss.
All Air Asia and Group Tune Air board of directors had to have a backup plan saving Air Asia with reason to save themselves from conviction for Air Asia’s Bankruptcy incurring debt without reasonable ground of expectation of paying it.
Morgan & Stanley however think they favor MAS over Air Asia for 5 of the core reasons that included;
V. Relative Valuation
Perhaps the most important difference between the two carriers is the contrasting relative valuation. On franchise value, measured in EV/EBITDA, MAS trades at less than 1.0x compared with 11.5x for Air Asia. More interestingly, MAS’ net cash at RM4.4 billion at end of F2007 comprises about 73% of its current market capitalization of RM6.0 billion, which implies that the current franchise value is less than 1.0x its EBITDA (or cash flow).
Note – EV/EBITDA simply put by providing a simple, though incomplete, ratio of profit to value, EBITDA/EV is often used to estimate the cash return on an investment.
Morgan & Stanley is an international researcher for trading market etc. Even they understood Air Asia’s earnings are boosted by deferred income tax credit and contributed to an artificial strong balance sheet that again boosted by Tony Fernandez.
The public is not a fool and cannot be fooled; not for too long
Below is reply from Air Asia customers to Tony Fernandez above statement
The next remedy for saving Air Asia would be to conquer the Malaysia Aviation Industry by controlling the workers of the main Airlines in Malaysia i.e. Malaysia Airlines; Firefly; Air Asia and Malindo Airways.
Consequently the existence of the National Union for these airlines would save Air Asia but would kill the workers of Malaysia Airlines; Firefly and Malindo Airways. How could it happen? Stay tuned for our next episode.
Cheers from Malaysiaairlinesfamilies!
Finally Tony Fernandez has decided to let the cat out of the bag; openly sponsoring NUFAM & NUFEM- Part II
The future of Malaysia Airlines’ workers is staggering with the National Union for different categories presently being formed by the corrupted Ministers of Human Resources which is; to divide and rule the workers inside Malaysia Airlines ceasing the workers’ rights easily and effectively.
The respect for workers’ rights have never been part and parcel for MAS Human Resource Director – Zahrah Zaid; whose work is to suppress all unions in the corporate company. Before joining Danone Biscuit Company; Zahrah Zaid was from the British American Tobacco corporate company.
Today, British American Tobacco successfully celebrating its 100 years anniversary (thanked GOD) without Zahrah Zaid.
Zahrah Zaid moved on from British American Tobacco (BAT) to finally Danone Group; first at its Malaysia operations before moving on to a larger Asia Pacific-based role where she was appointed as the Director, Learning & Development Asia-Pacific at Danone Asia Pte Ltd.
Zahrah Zaid then took on the position of Executive Vice-President of Human Capital, Malaysia Airlines, effective from 8 February 2012 and promoted to Director of Human Resources Department with a monthly salary of more than a hundred thousands of ringgit increased from her previous monthly salary scale of RM40,000.
She was the asshole promoting herself to the Director of Human Resources taking the exemplary practice from her last appointment as the Director for Danone Asia Pte Ltd by introducing “The Directorship” for Malaysia Airlines. She is the cause to Malaysia Airlines hiking up the salary and wages for MAS ineffective yet most inefficient top management in the entire country of Malaysia.
Getting the salary hiked up was for setting up her early retirement scheme where she would not be able to contribute her failures to any other corporate companies in Malaysia and within Asia-Pacific.
Zahrah holds an MBA and a Bachelor of Science degree from the University of Bridgeport, Connecticut, USA and she also has a degree in Union Busting.
Zahrah Zaid possesses a special union busting skills in dividing the unions and associations for a corporate company and finally conquering and ruling the unions and associations the way she wanted it. For Zahrah Zaid, top management must be well-paid but the bottom level must be terminated for the loss of productivity among those who have high medical leave whilst she allows herself to be on high medical leave program citing health condition.
Seemingly Zahrah Zaid is unfair towards the lower grades of workers. Lower grades workers are covered and protected by MASEU and MAS Unions; therefore the need to eliminate MASEU and MAS Unions by Zahrah Zaid is momentous but significant.
Whilst she was still with British American Tobacco corporate level; she proposed the divide and conquer strategy to weaken the unions’ platform by deploying the yellow group to attack the unions that representing the corporate workers where she successfully terminated a few thousands of workers for British American Tobacco.
Her 20-year career in Human Resource spans across Asia-Pacific and Europe. Starting as a management trainee in Sime Darby in 1989, Zahrah worked in Sime Darby Group until 1995 where she met with MAS Human Resource Senior Manager Muhammad Fauzi Mahayudin who also previously worked for Sime Darby Group.
Together MAS Human Resource Director Zahrah Zaid and Senior Manager Muhammad Fauzi Mahayudin signed “The Agreement Letter” with NUFAM President Mr. Lipas man for conducting an election to find out how many MAS Cabin Crew are members of NUFAM.
The signed agreement above is to determine the numbers of MAS Cabin Crew that has joined NUFAM since its inception on 27th January 2012 during the share swap between MAS & Air Asia collaboration framework. Unfortunately, knowing Mr. Lipas man is the twister and the tornado; over a night he start pressuring MAS Cabin Crew who are not even members of NUFAM to vote as a member of NUFAM citing the requirement is set by the deputy Minister of Human Resources with cougar face – Maznah Mazlan who has close relationships with Tony Fernandez.
Cited by Mr. Lipas man that all MAS Cabin Crew must vote as NUFAM members; thus cheating the process to sustain NUFAM entity.
Whilst NUFAM is misleading MAS Cabin Crew of its election via the NO SECRET BALLOT PAPER as appended below as in evidence; NUFAM Union Executive Councils a.k.a. “The Sauna Expert” went on rampage promoting her Culture of Deception directing MAS Cabin Crew mostly are her friends and colleagues to vote as members of NUFAM even though they are not the member of NUFAM.
See below who’s cheating???
Now everybody can learn how to cheat from Sauna Expert – NUFAM
This is an initial stage dividing and ruling MAS workers on the grounds of workers’ rights benefiting the corporate level and that the pressure received from deputy Minister – Maznah Mazlan (who is known very closely linked to Tony Fernandez) to get NUFAM recognized by MAS by hook or by crook even including cheating votes from MAS Cabin Crew.
In Malaysia Airlines; Zahrah Zaid deploys NUFAM manipulating the platform to disrupt the in-house union by employing backstabbing and poisoning strategy to increase the disharmonious working atmosphere for the workers. This is fighting fire with the fire – a crafty way out to resolve internal issues. By this deployment; Zahrah Zaid would have a solid fact to present the evidence of what the workers want – the lower terms and conditions with short-term employment opportunity. We shall have our full-investigation revealed on our next posting on NUFAM brewing plans for MAS Cabin Crew – Part II.
Whilst MASEU is the strongest union in Malaysia and MAPA being the strongest Associations protecting the Pilots of Malaysia Airlines with the remaining MAS unions that are the strongest in supporting workers’ rights; Zahrah Zaid opted to NUFAM for weakening MASEU circumventing MASEU’s existence in Malaysia Airlines.
After she successfully circumventing MASEU, MAS Unions, MAPA, MESA; she would opt for NUFEM to weaken the high demand from MAS Engineering section employing this crafty strategy (Union Busting) by manipulating some of MAS Engineering workers with false promises of promotion just like what Ahmad Jauhari and Azahari Dahlan did. Some of MAS Engineering and Technicians are in the know that Zahrah Zaid, Ahmad Jauhari and Azahari Dahlan are working for Tony Fernandez. Unfortunately, they resort to working with Ahmad Jauhari, Zahrah Zaid and Azahari Dahlan to kill 50% of MAS Engineering and Technician workers to get themselves promoted to managerial level.
Our reliable sources informing us there is also a promise of 2 months bonuses to those who supported Tony Fernandez but limited to only 7 crooks who are willing to sell off the souls of Engineering and Technician crew.
Whilst Zahrah Zaid has health issue that slowing her down and lowering her productivity for Malaysia Airlines which her health conditions now is deteriorating; MAS board of directors is unaware of her mental destructiveness coupled with high sick leave and no-brainier directorship that she now becomes most inefficiently unable to restructure the Human Resources division as directed by MAS board of directors. Instead; she diverted the restructuring into dividing the workers in Malaysia Airlines to leverage her capacity to recruit more espionage in-line from Air Asia that has been sent by Tony Fernandez. So Malaysia Airlines has got to be on ALERT when recruiting the next management for accountability, transparency and integrity approach and succession.
Zahrah Zaid’s plan for NUFAM is very short. Once NUFAM get recognized by Malaysia Airlines through Zahrah Zaid; MAS cabin crew will be the first taken to be laid-off; following by NUFEM that will boycott MAS Engineering and Technician Crew to lay off the other 50% of its total present strength.
Her other plan also includes forming another National Union or NUAOM for the Airport Operations workers to lay off another 1,400 MAS workers station in KLIA airport.
After her success in getting the locus-standi for NUFAM, NUFEM and NUFAOM, she would be promoted by Tony Fernandez as the next future CEO of Air Asia X taking over the young but senile Azran Osman who has lost all his hairs for Air Asia X.
The promises made by Tony Fernandez to Zahrah Zaid and Alzahari Dahlan is the promotional opportunity embarking with Air Asia taking over his CEO-ships. Unfortunately, that is just the promises given by Tony Fernandez and nothing stating in paper for such promotion.
The cat is out of the bag – Tony Fernandez will successfully going back into Malaysia Airlines with the help from NUFAM, NUFEM and NUFAOM; Zahrah Zaid; Azahari Dahlan; Ahmad Jauhari and the traitors from MAS Engineering group who are working for the political party.
Malaysiaairlinesfamilies is very well informed of the active members from NUFAM whom are mostly working group for the similar political party.
Stay tuned to our next posting and prepare to embrace the negative waves of Tony Fernandez’s next directive for NUFAM, NUFEM and NUFAOM with the clue now getting crystallized.
Finally Tony Fernandez has decided to let the cat out of the bag; openly sponsoring NUFAM & NUFEM- Part I
Last week marked the celebration of Malaysian brand Ambassadors at the World Economic Forum (WEF) held in DAVOS Switzerland in which it named Tony Fernandez – Air Asia “Tightwad” CEO and Michelle Yeoh – The elegant rich and famous a.k.a. The Bond Girl as Malaysian brand Ambassadors. The Malaysian Night held on Friday was the highlight of Malaysia’s participation in this year’s World Economic Forum in DAVOS.
The information on Tony Fernandez spoiling the Malaysian tourism industry cheating the public with his low caste airlines was not readily available in the city of DAVOS. Yet, the small fry has the cheek to ask the Bond Girl – Michelle Yeoh to be the next Air Asia’s Embarrassed Public Figure – AK Ambassadress.
THE wicked BEAST AND THE BEAUTY with the brain – two different world!
The Ugly Big Belly Tony and the Beautiful Michelle at the Malaysian Night in Davos
An intelligent matured woman like Michelle Yeoh is not a foolish low caste woman – definitely is not falling for Tony Fernandez’s trap smearing the reputation and goodwill of others after knowing the Caterham group is planning to strike out the low caste “Tightwad” CEO for smuggling drugs into United Kingdom and contributing more losing games damaging its premier reputation.
The cat is out of the bag – Tony Fernandez has finally exposed his own strategy to which he said he shall conquer all airlines in Asia Pacific by means of controlling all unions in the region. His collaboration with Mr. Lipas man to vanquish the Eight (8) Mas Unions and Associations piece by piece via forming two more National Unions for Malaysia Airlines before Subramaniam and Maznah Mazlan’s expiring their duty as Ministers of Human Resources .
After more than his regular few drinks, Tony Fernandez boasted about his strategy to some of the politicians and celebrities in DAVOS of his ability to conquer the Malaysian’s unions and associations and his greatest dream to control the Malaysian Government for his preparation ably in selling his abnormal large Airbus planes to Malaysia Airlines (besides Air Asia) also to Eagle Express, Firefly and the new Malindo Airways.
Tony Fernandez’s failure in his share-swap strategy with the collaborating think-tank group “BABI” – Brother Anwar Bin Ibrahim which could have allowed him in condition to save Air Asia by swallowing Malaysia Airlines’ profitable assets have re-coursed to employ the National Union’s strategy resurrecting the Militancy returned for his future coalition.
His public confession in Davos of his intimate relationship with the deputy of Minister of Human Resources – Maznah Mazlan and his close fraternity bond with MAS present CEO – Ahmad Jauhari who is still following his lead to break up the strongest workforce of Malaysia Airlines.
Ahmad Jauhari is well-known for heartlessly terminated 1000 workers during his tenure with Malakoff Corp Bhd. He also de-listed Malakoff Corp Bhd before joining MAS. Today, Malakoff Corp Bhd without Ahmad Jauhari is re-listing again.
Ahmad Jauhari says MAS is in a “deep crisis” due to lack of focus on the premium segment and its quality of product fell. Basically the attraction waned because of its pricing, an aging fleet, a stale product and it was not as fast as its rivals to adopt change. Ahmad Jauhari believes that by replicating the “playbook used by Japan Airlines (JAL) and Garuda International” to turn around MAS, there will be success.
“It is naivety at its highest order to do that. JAL’s recovery plan was based on making the Boeing 787 as the workhorse of its fleet, and slashing 16,000 employees 30% of its workforce. What is MAS prepared to do? The airline has close to 20,000 workers; will the company lay off a third of them now that it is downsizing?”
The last National Union for Malaysia Airlines was de-registered in 1979 after the wildcat strike action by a group of workers.
Whilst the opposition PARTY that yearning for Malaysia premiership is ca-hooting with the country’s number one’s enemy – The Unwanted Community residing in Singa-island next door to Malaysia; the top two MOHR is discharging their duty treacherously boycotting the country’s progressive development aiding for the militancy returned.
From another point of view; NUFAM’s President Mr. Lipas man is paid top ringgit by Tony Fernandez to execute Air Asia’s original plan dividing and conquering the workers of Malaysia Airlines from the inside. Mr. Lipas man is presently sitting his ass on a hot sizzling pan facing a possible lifetime imprisonment for the criminal activity misappropriating all union’s funds settling his gambling debts and luxury millions of ringgit lifestyle.
This revenge by Tony Fernandez against the Eight (8) MAS unions and associations for ousting him out as MAS Board of Director is becoming apparent episode by episode ever since the share-swap and collaboration between MAS and Air Asia was cancelled by the Malaysian Prime Minister.
There’s evidence of NUFAM office bearers have tendered resignation with Malaysia Airlines to work for Tony Fernandez quietly.
This con-woman a.k.a. Sauna Expert Woman works discreetly for Tony Fernandez where her main task is to direct cabin crew to cheat votes for NUFAM to win in its election. She is also the mother for fostering the Culture of Deception. A corrupted figure who calls other the corrupted mind. A reliable resource informed us (if accurately) she resigned from MAS after she was caught for having pilfered aircraft stuff and charges was not executed by Zaharah Zaid.
Whilst NUFAM is fighting for securing another voting date from Malaysia Airlines by collaborating with the department Trade Union Affairs’ officers – Roslee Sabarudin and Syahrin Said with the magical wane empowering by Maznah Mazlan ; MAS Group CEO for MAE – Azahari is funding a group of MAS Engineering Crew to oversee the new registration of another National Union for Malaysia Airlines with the backing from Zaharah Zaid.
The mother of all evils – Zaharah Zaid left Danone Factory to join Malaysia Airlines and is tasked by Tony Fernandez to penetrate into MAS strongest union and association as these stumbling blocks were the success to the unbundled of share swap between MAS and Air Asia. She is to terminate 1,800 senior cabin crew-members with the help from NUFAM’s President after which Mr. Lipas man shall make ways for Air Asia cabin crew-members whom are the right hand men working closely with Tony Fernandez shall ascend to take over NUFAM from MAS cabin crew-members in the future.
From the strongest union and association changing into a new union without any affiliation or strong muscle to protect the workers’ rights is seemingly the strategy to conquer MAS by Tony Fernandez. Tony Fernandez’s directive to Azahari – MAS Group CEO for MAE is to find ways to terminate half of MAS Engineering Crew so that Tony Fernandez can plant more of his men into MAS MAE to control the repair and overhaul services for Air Asia and the new future NUFEM for MAS Engineering Crew.
Stay tuned to Malaysiaairlinesfamilies for our next episode.
NUFAM brewing plans for MAS cabin crew
Behind NUFAM is Tony Fernandez. The evil man who instructed the stupid lipas man to organize against MAS workers burying the strong foothold for MAS cabin crew leaving them without the blanket.
NUFAM is brewing an alternative plan for Tony Fernandez to make his comeback avenging against MAS workers for having overthrown him out as MAS board of director. The evil plan designed for Mr. Lipas man is to execute via his recruited NUFAM soldiers disorganizing MAS cabin crew separating them into two group of workers as orchestrated by DON the willy old fox.
The question is how did the DON the willy old fox get involve in this organized crime? Perhaps it is just DON the hungry fox waiting in line to share a piece of the big fat pie.
DON, DON, DON, we have confirmation that your doctorate-ship is fake and was a purchased item. Isn’t that a crime to use a fake doctorate-ship certificate? Better run before the authority get into checking your background too.
For our readers information – Whilst Ahmad Jauhari is sleeping and forever in clueless state; DON become the consultant for NUFAM assisted by his right hand man – Mr. John Engkatasu. DON is seeking an alternate downgrade to become the next CEO of Malaysia Airlines forcing Ahmad Jauhari opting his early withdrawal from Malaysia Airlines. It’s all about power craziness now brewing inside MAS hottest pot.
As informed by our readers – Mr. John Engkatasu will be retiring in this year; however the DON is going to extend his retirement age to 80 years allowing him to screwing and brewing hot assess inside Malaysia Airlines.
Whilst DON is orchestrating the exit of strong foothold inside Malaysia Airlines that protect thousand of jobs for MAS workers; NUFAM on the other side is brewing poisons domestically and internationally with the advice provided by Zahrah the evil director of Human Resources. We are in the know Zahrah Zaid does not have a degree in Industrial Relation. At the time she had the interview with MAS recruitment department she simply said she has a background in Industrial Relation that fooled Malaysia Airlines management but approved personally by Tony Fernandez.
DON is the consultant whilst the ZORO Zahrah Zaid is the director for NUFAM’s every piece of action. The symphony orchestrated by NUFAM is going all out to bury the only in-house union paving ways for Tony Fernandez to crawl back slowly to MAS to save Air Asia. The training for more NUFAM combative is aggressively encouraged by Tony Fernandez with pennies compensating the time spent and the promising reward for Mr. Lipas man.
The manipulation of NUFAM election also very encouraged by both Maznah Mazlan and the paymaster. Look at this NUFAM “No-Secret” Ballot Paper.
Do we remember Mr. Lipas man is working for Tony Fernandez?
Even Tony Fernandez has left MAS as board of director – Mr. Lipas man is still very much intact communicating with him via the third-party and the sponsorship continues till this very day for NUFAM to execute Air Asia’s masterpiece plan to eat Malaysia Airlines burying it alive.
Mr. Lipas man is truly a man who screws many men’s wife and girlfriend too. However; does he also screw Maznah Mazlan for the approval of NUFAM certificate?
We are still investigating the new low-caste terms and conditions that has been laid down by Tony Fernandez for Mr. Lipas man to fool MAS cabin crew where NUFAM will change for greater heights. We have information NUFAM will metamorphose a lower package for cabin crew in Malaysia. Certain grade in Malaysia Airlines would be very happy as the budget for cabin crew would be reduced tremendously.
The initial planning for Air Asia to take over Malaysia Airlines was to sustain Air Asia’s survivability in this region. The proof of Air Asia in-sustainability rose in 2008 where the fiscal year earning dropped drastically (2 billion ringgit loss) complemented with lower revenue of less than 3 billion ringgit and higher debts of 7 billion ringgit.
Air Asia’s debt rose higher by a billion ringgit to 8 billion ringgit from 7 billion ringgit within a year’s window.
Air Asia’s cash flow badly managed since 2007. Henceforth; the only way is to have a bigger revenue corporate to bail out its bad balance sheet. During the share-swap with Malaysia Airlines in 2011; Air Asia’s cash flow suddenly increased to 2 billion ringgit whilst Malaysia Airlines declared a huge 2.52 billion ringgit loss. Air Asia subsequently has its assets increased to another 2.5 billion with its debts reduced substantially by 2 billion ringgit. 
The cancellation of the share-swap demanded by MAS unions was to save Malaysia Airlines. We say well done MAS unions and the Prime Minister of Malaysia for saving Malaysia Airlines. The eminent impact on Air Asia after the share swap was cancelled by the Malaysian Prime Minister is the relocation of Air Asia’s headquarter to Indonesia for running away from paying taxes to Malaysian government.
Let’s hope Air Asia’s AOC will only be extended for another 6 months by DCA after March 2013 to prove more of Air Asia’s upcoming failure. Please stay tuned to Malaysiaairlinesfamilies for our next posting.
AirAsia is a Cheat so is Tony Fernandez – Part 2
Air Asia is a bloody cheating low-caste airlines. The frustration by the public flyers have gone viral since Air Asia commenced Incheon flight. A reader who’s also the Air Asia’s passenger shared with us their Air Asia’s flight of horror and fright with terror experience.
Air Asia X Flight D7 from Kuala Lumpur to Incheon; Seoul were always on delayed mode of more than 10 hours. It looks pretty clear Air Asia’s planes are facing a lot of engine problems particularly Air Asia always guarantee late payment for its airplane maintenance services and its specialty nowadays includes flight delay and unworthy treatment.
Now Every Air Asia Flight is Delayed and Everyone Can be RUDE!!!
The only low-caste airlines that guarantee FLIGHT DELAY in the Asia-Pacific region.
The chronology services by Air Asia
D7 2686 scheduled to depart on 23:00 and estimated to arrive next day at Incheon International Airport at 06:00.
At 23:00 – The Captain of the flight announced a delay was due to route change that required the plane to upload more tonnes of fuel given the valid reason that no approval from ATP for clearance to fly over Taipei.
At 00:00 midnight – The Captain further announced another route required the uplifting of a bit more fuel for the plane.
At 01:00 (am) the next day whilst the plane was waiting at the runway for take-off – The Captain made another announcement that there was clearance from Taipei.
At 01:30 am – The Captain parked the plane at the terminal and at 01:50 am all passengers were required to disembark by the Captain.
At 02:30 am – After 3 hours of having stranded inside the plane; the passengers were finally allowed to disembark to the Terminal. Everyone rushed to rest room and purchased food and drinks.
At 03:30 am – Only cold croissant and cold mineral water being distributed to some of the stranded passengers.
At 04:00 am – Some Korean passengers started requesting for blankets be given to their children but Air Asia gave the excuse the plane will be taking off at 05:00 am.
At 05:00 am – New announcement by Air Asia that the plane is rescheduled for departure by 07:30 am.
At 06:00 am – Two of the passengers cancelled their Air Asia flight and left the Terminal.
At 07:00 am – Air Asia’s Manager assuring the passengers of the plane will be leaving by 07:30 am but we were still hanging loose at the terminal. A minute later another Air Asia’s Manager approached us and assured that Air Asia could extend our flight to another day but will not be compensating for our food and accommodation.
At 07:30 am – The stranded passengers had been required to board the plane.
At 08:00 am – Air Asia X’s plane pushed back but parked in the middle of nowhere with only 2 cabin crew on board. One stupid cabin crew sat in the front part of the plane and the other one sat behind the red curtain started laughing and joking.
At 08:20 am – One of the passengers got up from his seat and approached the cabin crew to find out what went wrong and why the plane is not taking off yet? The cabin crew told him there was no pilot and the other new cabin crew said they just arrived from Delhi to take over this flight. The new cabin crew said Tony Fernandez asked them to board all stranded passengers and to sit inside the plane just to show that Air Asia X is taking off shortly. The other crew member said there was no pilot in the cockpit and he had been instructed to push back the plane to the middle of the airport. Although he declined to comment further; it was very clear that Air Asia had the airplane moved without a qualified Pilot on board.
At 09:20 am – The plane finally took for Incheon – Korea.
The stranded passengers were very frustrated of the delaying tactics employed by Air Asia. The passengers were have to tolerate the rude treatment and rowdy behavior extended by Air Asia’s workers. There was a disagreement between two of the passengers which one of the stranded passengers had recorded it was then threatened and browbeaten by Air Asia’s security officer.
Air Asia X’s CEO did not make any attempt to reach out to its customers nor compensating all Air Asia’s stranded passengers for the horror flight experience and terror fright from its Security department and the ordeal those passengers suffered at the wicked hands of Air Asia.
Neither was there any official apology for the delay. We’ve found out someone in Air Asia inefficiently forgotten to ask for clearance to fly over Taipei Air Space which further delayed Air Asia’s flight.
We hope this horror flight and terror fright could be shared with your readers. Was it worthy to go through all the hassles and high stress at the price of a low-caste airfares? Our answer is all the above. A resounding NO and UNWORTHY to travel with Air Asia; NEVER EVER again.
Shall we see what is the authority doing about this especially the DCA of Malaysia? Flying license for Air Asia is expiring on March 2013 and we know very well that Tony Fernandez will be buying loads of goodies for the authority to clear Air Asia’s unaudited safety operation for the last 15 years. We won’t be surprised if the authority will extend Air Asia’s license to cheat for another 20 years on the next license renewal.
Do it right Mr. Authority or else we get to report you to the higher authority.
Stay tuned to Malaysiaairlinesfamilies and AirAsiafamilies for more unbelievable stories yet to be revealed to the public.
