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
- 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.
- 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.
- 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.
- 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.
- 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.
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.
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.
Everyone can fly?
Yup! That’s true!
For AirAsia – Everyone “too” can be misled with its promising advertisement such as this one!
Everybody now can be deceived by Air Asia as there ain’t any laws protecting the victims (the passengers) for easily falling for Air Asia’s crafty low-cost business strategy.
Already the fact is Air Asia’s AOC is expiring in April 2013 for not complying with regulatory requirement.
Air Asia under Tony the mother fucker continues to deceive the public by tempting them to buy more online tickets into those destinations that Air Asia could not be flying after March 2013. Such advertisement patently is an evidence showcasing Air Asia is drawing to an end deluding the public of its safety performance which now arousing an internal ongoing investigation by the regulator to whether the Malaysian authority should continue approving Air Asia’s flying license for another 2 years or not at all.
It’s a sign of distressed where Air Asia is drenching in huge debts worldwide!!!
Do you know that Air Asia has the best scamming strategy in the world resemble the model adopted by the European Air Asia – The most hated Low Cost Airlines Ryannair? Air Asia had scammed the Malaysia Airport Holding Berhad over millions of ringgit on the aviation tax alone where the Air Asia’s passengers already prepaid during their early bird booking period. So much of scamming business strategy inside Air Asia could be sign of an ongoing economic crisis that the Asia’s largest Low Cost Carrier – Air Asia comports.
Look at the above distressed signage – FREE SEATS by Air Asia. Which seat is really FREE? A technically brilliant swindling strategy. Our investigation concluded there’s technically zero FREE seats but merely the scam to tempt the innocent travelers of their sweats and bloods to book their holiday in prepaid method where Air Asia may not be flying to after next year. You’re STILL PAYING for ALL SEATS!!!
Another trick from Air Asia!
Air Asia Refund Scam has been created by vigilantes for the purpose of informing the innocent travelers – just NOT BY US. The comparison airfares between Air Asia and another Full Service Carrier shows us the real value of Air Asia. Here’s one sample for public viewing;
This airfare above is not inclusive of the “+++++” yet and after “++++” the actual fares is here below!
Air Asia without promo fares is MORE EXPENSIVE than Full SERVICE AIRLINES. Added with its difference is it’s without “FREE” INFLIGHT SERVICES AND “FREE” BAGGAGE ALLOWANCE. So it’s true that Air Asia is more expensive than the other Premium Airlines and here is the evidence.
The misconception we have on Air Asia is its concept of Low Cost Model where we’ve been fooled by Air Asia of its LOW COST AIRFARES which ain’t any low cost at all. It’s truly higher cost than the Premium Airlines. So do you still think Air Asia is that CHEAP and of a LOWER COST?
Should we allow Air Asia to continue MISLEADING us?
We repeat – Air Asia’s AOC is expiring in March 2013 and might not be extended pending its internal investigation by the regulator – Department of Civil Aviation on its obsolete flight safety manual and the operation. Some anonymous postings alerting us some pilots in Air Asia are under the series of medical treatment after a prolong high stressed and burned out. Most recently; the regulator has been alerted of high fatiguing level among its Pilots and Engineering for long working hours – isn’t that violating the land laws?
We do not believe the regulator is doing any good jobs with weightiest investigation on Air Asia’s safety compliance within the regulatory requirement. Rumor has it the regulator acted out of irrational. Nevertheless, we decline to rumor mongering and we hope the regulator is not B.O.T. (The sound of the pronunciation will give you the hint)
Whilst we keep receiving many threats from Tony The Mother Fucker for defaming his BIG ASS reputation; we decided to teach him the lessons that he will never forget his whole life.
Starting from weeks ago; we’re traveling with Air Asia domestically and regionally to a few destinations taking some photos and videos from the inside of Air Asia’s planes. We could tell the world it’s pretty scary when flying with Air Asia these days and we had to keep changing the plane for at least 4 times in one flight. The first plane gave us impression it had engine problem or perhaps it was weather microcosm .
Much to our surprise it was also the Pilot that was feeling indisposed that day stepped down from the scheduled flight. That it went with our flight being further delayed. We boarded the another plane where this second plane took us a surprise on another engine problem and the third plane had both technicality problem and the crew member showed “unwell” grimaces after long hours inside in the plane. The last plane was alright but it had already delayed our flight and now we’re suing Air Asia for real. So see you Tony Boy in the court pretty soon.
Stay tuned to malaysiaairlinesfamilies with more updates on what’s going inside Air Asia – awesome revelations!
Tony Fernandez making a come back to Malaysia Airlines with the help of bent politicians and a few of MAS top management and workers – Part 4
Every step we made and every post we delivered on this topic had caught not just the nationwide attention; also the journalists from the international forums. We believe this topic isn’t any longer just a national issue for the Prime Minister of Malaysia to review the employment of GLC’s CEO who’s now patently a pure breed of MEN-IN-RED for AirAsia.
Taking the seriousness of the Breach Of Trust (BOT) conducted by its CEO in “Tarzanna” whose the managing director or you can call it “The AirAsia Orchestra group” playing AirAsia symphony louder than the thunderstorm these days crying for survivability in the dying hours of legislative hands.
The CEO also the Managing Director for TARZANNA is branded THE UNSCRUPULOUS AMOKH. Again he’s ignoring the Prime Minister’s way in managing the TARZANNA for the good of Malaysians. Lately, he is found quietly collaborating again with Tony Fernandez over the issue of MAHB – Malaysia Airport Holding Berhad. First it was MAS and AirAsia share swap smelly foot deals and now it could be AirAsia and MAHB share swap deals in the cooking pot by Amokh and Tony Fernandez.
An article written by ABITW here structurally making senses for all Malaysians to follow through and ponder;
Amokh ignores Najib as PRIME MINISTER with Syed Feisal’s appointment!
Is it more important for Amokh to please Tun Dol than Najib?
The business papers reported yesterday that Malaysia Airports Holding Berhad (MAHB) announced the appointment of brother to Tan Sri Syed Hamid Albar, Dato Syed Faisal Albar to be an Independent Director of MAHB.
This is fueling speculation that Tan Sri Bashir Ahmad will end his one year extension as Managing Dirrefctor and will be replaced by Syed Faisal.
The name Syed Faisal is sickening to the stomach. It reminded us of his arrogant and incompetence Arab tak sedar diri brother, Syed Hamid during the reign of terror of Tun Abdullah Ahmad Badawi. He lost Batu Putih island to Singapore and interfere to apply ISA on a reporter.
Syed Feisal is himself of questionable integrity and capability.
Doesn’t Khazanah Nasional CEO, Tan Sri Azman Mokhtar realised that he is not working for Tun Abdullah Ahmad Badawi any more?
Thus, why is he still bringing people that was part of the evil triumvirate of Kalimullah-Kamaluddin-Khary into important position? Or is this Tan Sri Nor Mohamad Yakcop in his elements?
An incompetent legacy of the ERA;
Since Tun Dol resigned, this is not the first time Amokh is sticking to the cronies of the old regime that wrecked havoc to the Malaysian aviation industry. It is now left to Najib to put the pieces together and attempt a turnaround of MAS.
Amokh had engineered a heavily lop-sided “merger” between MAS and Air Asia that favour of Tony Fernandez-led Air Asia.
Air Asia was a beneficiary of crony capitalism involving Khairy and Dato Zaki Zahid who together with Tony F redid the cabinet-approved National Airline Rationalisation plan. By the following Monday, Tun Dol announced a different plan on the instruction of Khairy and Zaki.
Despite that move resulted in Air Asia taking over MAS routes and Amokh claimed he fought tooth and nail with Tony F for constantly “sailang” MAS, the MAS-Air Asia “merger” only indicate Amokh have a problem realising that the Prime Minister is no more Tun Dol but Dato Najib.
The fact that Dato Najib has set the precedent at IMDB to only bring in professionals and capable people on the Board of Directors and management, it raises issue on Amokh’s tendency to bring in his cronies, particularly incompetent ones.
In the MAS-Air Asia “merger” he gave his partner in their firm Bina Fikir, Danny Yusof that failed in the WAU exercise of MAS, a leading role.
Amokh kept his failed MCKK classmate, Dato Harun Johari who repeated his failure at Iskandar Regional Development Authority (IRDA) to Khazanah new start-up involving agriculture. Even in area of logistic which is supposed to be his core competency at Shell, Harun failed also.
There are also failures retained as Executives Directors Amokh One is Tengku Dato Azmil who failed at MAS. Then there is Hisham Hamdan, the former Sime Darby’s executive who bombed in the privatisation of IJN and Qatar deal.
Syed Feisal and the evil Kalimullah in their heydays under Tun Dol regime
With regard to the new appointment at MAHB, Syed Faisal is not politically and capability wise appropriate. He still remain within Kalimullah’s circle of evil.
Despite New Straits Times withdrawing their lawsuit against blogger and former Malay Mail editor, Dato Ahiruddin Attan@ Rockybru, Syed Faisal remain with opposition backing The Malaysian Insider (TMI) owner, Kalimullah in their lawsuit against Rocky.
For an opposition backing portal, TMI still provide space for Tun Dol, Khairy and those within the Kalimullah-Kamaluddin-Khairy triumvirate.
Najib is quite aware and Raja Petra’s Wikileak expose that reported Singapore believed Najib and Rosmah involvement in the murder of Altantunya and it can only speculated their intelligence operative, Kalimullah fed them with such information.
There are sources believing that Kalimullah was not merely feeding Singapore’s intel but was instrumental in masterminding the frameup of Najib and Rosmah together with political personalities in the opposition and in UMNO.
Many things ain’t right about him…something is not right about the Syed Feisal’s expected appointment as CEO.
“It is a mystery why Khazanah Holdngs Bhd appointed a corporate has-been like Syed Faisal into Malaysia Airports. He did fairly when he was the CEO of NTSP Bhd. Then he joined Pos Malaysia Bhd. However, when DRB-Hicom took over Pos Malaysia, Syed Faisal was not retained.
Its a demonstration that Syed Faisal is not recognized as a corporate-wizard by Tan Sri Syed Mokhtar Al Bukhary.
The Sun Biz story is right. Why would Tan Sri Azman Mokhtar appoint a corporate has been like Syed Faisal, who has no relevant experience in airport operations or airlines into Malaysia Airports?
Unless, there is something non kosher in the play.”
Claiming to be at odd with Tony Fernandez, but wants to be in same bed
There are several suspicions that Amokh wants to oust Bashir out for several reasons.
One, Amokh is still in co-hort with Tony F, who has been having a war of words with Bashir on Airport tax and other issues. The mother fucker cannot get his way with other airports in the region so there is no reason why MAHB should succumb to his ranting.
Two, Amokh could be subtly collaborating to sabotage a Najib-endorsed initiative, Malindo Airways that serve to counter Tony Fernandez’s threat and sabotage attempt on KLIA2 and is a win-win partnership between Malaysian and Indonesian interests.
Thirdly, placing Syed Faisal as CEO would help Tony F fulfill his dream of building and managing his own dream Airport complex and “steal” revenue away from MAHB.
Fourth, if not, Syed Feisal would oblige to allow Tony Fernandez to build his Sepang headquarter taller than the airport control tower so that Air Asia can stand out their brand and a safety hazard.
Fifth, it is no secret that Azman wants Khazanah to be in the same bed with Tony Fernandez.
By this appointment, Amokh is ignoring the PM’s wishes to move up in the learning curve in the area of corporate governance as set at IMDB.
He continues with his cronyism practices by appointing those with personal links to himself, particularly his MCKK Alma Mater or those linked to the Tun Dol regime.
Not only that, he maintain a closed guarded secret fraternity of management, incompetents from outside Khazanah and con-sultans in the same manner as the “skull and dagger” fraternity of George Bush’s Delta Kappa Epsilon fraternity at Yale University.
Is Amokh sabotaging the Government to help Pakatan Rakyat takeover?
If he is, then Amokh should be swiftly removed even before general election is over and sent back to UBS to do dog shit analysis of stocks.
Malaysiaairlinesfamiliessay the Prime Minister must end this pain that causes by the unscrupulous corporate figures orchestrated by Tony Fernandez and the AMOKH.
The MACC should also be investigating on why AMOKH has Tony Fernandez in his best interest. Mr. Prime Minister, it’s urgent to rid off the moles inside your camps – it’s your judgment calls Mr. Prime Minister.
Do stay tuned to malaysiaairlinesfamilies for more update on how AirAsia scams its passengers?
Nowadays all passengers are provided with legal platform to claim for compensation on any delayed flights above 3 hours. This news will encourage many AirAsia`s passengers to submit claims for compensation. Finally, whatta great news for victims of AirAsia.
November 14, 2012 by weechookeong
Civil Aviation Authority of United Kingdom or CAA
CAA Advice To Passengers Hit By Long Delays
Date: 23 October 2012
A judgment today at the European Court means passengers will now be able to claim compensation from airlines for delayed flights in some situations. Following the judgement, the UK Civil Aviation Authority (CAA) is offering new advice to passengers in the event their flight is delayed.
Today’s Court of Justice of the European Union (CJEU) judgment in the case of TUI Travel and others v CAA confirms that passengers whose flights arrive more than three hours late may be entitled to compensation for the delay in line with EC Regulation 261/2004, unless extraordinary circumstances, outside their airline’s control, delayed the flight.
The right to compensation for delayed flights is not set out expressly in Regulation EC261/2004, so TUI and others brought the case, which has now clarified the situation. Today’s judgment offers clarity for consumers and the industry.
The CAA has now updated its Passenger Portal – a dedicated passenger advice section of its website – to ensure that people have access to clear, unbiased information about their rights and what they should do if they have a complaint. Access the advice here.
Iain Osborne, CAA Director of Regulatory Policy said, “Every year around 200 million passengers travel on two million flights to and from the UK, with the vast majority experiencing no problems. However, when something does go wrong, there are regulations in place to protect travellers, and the CAA is ready to ensure companies abide by them.
“Today’s judgment from the Court of Justice of the European Union offers much needed clarity for passengers, the airline industry and the CAA about when compensation must be paid following delays.”
As the UK’s enforcement body, the CAA provides a free mediation service to any passenger having trouble resolving complaints against airlines or airports. Before contacting the CAA, passengers should contact the airline first, to give them an opportunity to consider their claim.
More information about the CAA’s Passenger Advice and Complaints Team.
The European Union is separately reviewing provision of assistance and compensation to passengers under the EC Regulation 261/2004 rules. The CAA looks forward to playing a full part in that review as it progresses.
The CAA’s Passenger Portal can be found at: www.caa.co.uk/passengers.
For further media information contact the CAA Press Office on: 0207 453 6030; firstname.lastname@example.org.
Follow the CAA on @UK_CAA.
Notes to Editors:
1. The Court of Justice of the European Union (CJEU) judgment can be found here: CJEU Decision.
2. Today’s judgment confirms a previous decision by the CJEU about the right to compensation for lengthy delays in the case of Sturgeon v Condor Flugdienst GmbH and Bock and others v Air France (19 November 2009).
3. The High Court in the UK (alongside the German High Court) asked the CJEU for further interpretation of the judgment given in the Sturgeon case following a challenge by several airlines to the CAA’s willingness to enforce claims for compensation for delays.
4. Flight cancellations occur for a variety of reasons, some of which are outside the control of the airline. The right to financial compensation does not apply if the airline can demonstrate that the reason for the cancellation was an extraordinary event and was outside their control. Extraordinary circumstances vary from case to case but could include problems like extreme weather conditions or strikes. Even if there are extraordinary circumstances leading to a cancellation, you are still entitled to care and
assistance including food, drinks and hotel accommodation where appropriate.
5. The CAA is the UK’s specialist aviation regulator. Its activities include: making sure that the aviation industry meets the highest technical and operational safety standards; preventing holidaymakers from being stranded abroad or losing money because of tour operator insolvency; planning and regulating all UK airspace; and regulating airports, air traffic services and airlines and providing advice on aviation policy from an economic standpoint.
Our small claim court has also made a similar decision against AirAsia for flight delay/cancellation in “Now Everyone Can Sue“.
Stay tuned to malaysiaairlinesfamilies for more stories on AirAsia Tony Fernandez`s scam and fraud practices.
The most dangerous human species in this world include the drug lords and traffickers. Nowadays drug addicts and traffickers have ventured into educational business. Is there a reason for it? Perhaps such move is to transform our younger generation to become the drugs users so the drugs business in Malaysia will hike.
To us, it does sounds (ringing) like a sabotage for Barisan National’s present campaigns. Better watch your back B-N rulers before Tony Fernandez bites your back another time.
Tony Fernandez is a drug addict who also provide the supply to his workers in AirAsia mainly the pretty and young female cabin crew who are used to entertain Tony Fernandez’s overseas business partners and some VIPs including KJ etc.
Today Tony Fernandez has invested the stolen money from the public for investing in Educational line. The stolen money we refer to is the inconvenience fees paid, the cutting of productivity allowance from AirAsia’s workers if they called in sick for even one day and the unclaimed refunds from all those stranded passengers who had yet to receive their refund from AirAsia after a sudden closed up on AirAsia’s routes – India, New Zealand, Europe and United Kingdom.
Humility? Did we read wrongly about Tony Fernandez? Has he got humility or pure arrogant bastard cheap public attitude? When he was born into this world; his mother forgot to teach him one subject i.e. HUMILITY and ALWAYS RESPECT HUMAN RIGHTS!
Tony Fernandez is not just a big fat liar on paper but also a very thick skin son of prostitute who would never told the truth about the grounding of his three aircrafts in Indonesia. He tweeted so much but what he would never tweet is his AirAsia crashes and accidents to his fans. We believe he paid out a lot of money to release his aircrafts in Indonesia. He now needs loads of fund for topping up Tune Group that is drying out pretty soon. His only left idea is to gain the public trust again by continuously misleading the public to buy his AirAsia shares when he launches his IPO spree in the next year.
Talking to his recruited corporate espionage!!! Where’s and who’s next he should be attacking?
We received some Intel on Tony Fernandez’s order to his men to follow closely watching two of the union leaders in Maseu and other MAS Associations. So be very careful guys!!! We do not have names of Tony Fernandez’s targets.
This is Gareth S. Eynon; the Headmaster for Epsom College in Malaysia. Epsom is a college and even Tony Fernandez is desperate to make money from those as young as 11 years of age. The student entry’s age is between 11 years to 18 years of age. Wow!!! We’re amazed with his desperado pattern to even want to make 11 years old student pays for his school.
This gonna be a slap to the ruling party given more reasons for the BABI to condemn the government for privatizing education in Malaysia. It’s another strategy from BABI for Tony BABI Fernandez to sabotage the ruling party. Isn’t this truly called “an organized crime”?
Tony Fernandez’s transformation strategy is to employ Mat Salleh only as top management or the foreigners such as Mr. Gareth S. Eynon or the Planet CON-Sultant Shane Nollan or those with Mat Salleh names or Christian names such as Bernard Francis included those irreligious characters like Rozman of whom Tony Fernandez had hired into MAS before Tony left MAS as Board of Directors. Bernard Francis was MAS corporate espionage during former CEO Tengku Azmil’s leadership. Bernard Francis was tasked by Tony Fernandez to sabotage MAS former CEO Tengku Azmil’s plans by lowering the airfares from premium fares to low cost fares for MAS and had caused MAS to declare more loses. Today, Bernard Francis has returned to AirAsia and is reporting to Tony Fernandez working as AirAsia Regional General Manager in Jakarta.
Tony Fernandez would rather employ foreigners paying them higher salary than having those who can sabotage their own kinds to work for him when he gets back into Malaysia Airlines later. Our investigation disclosed the demand from BABI – Brother Anwar Bin Ibrahim to Tony Fernandez sparing PKR supporters especially MATA, NUFAM and AMALAE if he successfully securing Malaysia Airlines’ deals. What about those who are not BABI supporters? Will they be saved from termination right after Tony Fernandez took over Malaysia Airlines?
Our AirAsia confidential informants disclosed to us that Tony Fernandez feels it’s easy to employ the foreigners who will work extensively without complaining about the job they’re undertaking than employing those who would complains much about pays by making comparison with MAS. Tony Fernandez does not like his workers to have loads of complains and if the complainants have caught Tony’s attention, Tony Fernandez will ask his men to take care of those who’ve spoken sensitively about AirAsia working terms and conditions and the pay.
It’s our confidential informants from AirAsia that had alerted us about Tony Fernandez – a real troublemaker, a pimp who introduces his AirAsia cabin crew to his business partners for sex favors, money laundering and drug trafficker. We in malaysiaairlinesfamilies hope these incidents are recorded and youtubed for public viewing to save hundreds of other people’s daughter from prostituting under Tony Fernandez’s instruction.
Tomorrow will be a celebration for Deepavali around the globe and we at malaysiaairlinesfamilies wish Tony Fernandez a HAPPY DEEPAVALI even though he denied himself being an Indian descendant.
Happy Big Deepavali to Tony Fernandez!!!
Happy Deepavali to Tony Fernandez!
Stay tuned with malaysiaairlinesfamilies for more updates! Hey…don’t forget to rate us by clicking the rating polls above this page! Thanks and Cheers!
When will Tony Fernandez learn how to respect human rights? What goes around will come around!!!
The Lion Air is determined to compete head to head fiercely with Air Asia as long as Tony Fernandez is in the group CEO for AirAsia. Soon, there will be other LCCs in Japan and Korea that will set up to challenge AirAsia Japan and Korea. This isn’t an innuendo but a fact that Tony Fernandez has to face when dealing with human rights.
A group of human rights activists have vowed to keep their eyes on Tony Fernandez wherever he goes and wherever he’s bolting off.
Malaysiaairlinesfamilies welcomes Malindo Airways to give AirAsia the run for their money. The malaysians mentality is always on the edge of experimenting a new ambience with a bit of touch in services. Unlike AirAsia, it has many agendas of which one is to hide charges until everyone who had flown with AirAsia would have known flying with Malaysia Airlines is so much cheaper than flying with AirAsia but wouldn’t that be too late to realize that your money was not wised-spent?
Well…Malaysians now do not have to worry much about this because a group of human rights activists are monitoring AirAsia’s fraud and hidden charges and in the future, we won’t be seeing AirAsia again so long Tony Fernandez is still the group CEO. Those of you who are still holding AirAsia shares should consider quickly to dump it or regret later for keeping it.
In fact, we have also found out Tony Fernandez has very difficult moment to breathe in and get aroused during his playboy time at night (all the time since the forming of Malindo Airways) owing to the facts that the world is now keeping a closer observation on Tony Fernandez’s bolting movement. Isn’t it so clear that Tony Fernandez is shivering and his balls are shrinking smaller each day whilst Malinda Airways is getting ready to compete in May 2013?
To Malindo Airways, please do what is right but do spare for Malaysia Airlines workers who are merely earning a decent living with MAS.
The Lion Air is challenging AirAsia – Bloombergs
Malindo Airways will begin flights in May and may have about 100 planes within a decade, Ahmad Johan, president of National Aerospace & Defense Industries Sdn., told reporters in Kuala Lumpur today. National Aerospace will own 51 percent of the new airline, with Indonesia-based Lion Air holding the rest.
The carrier pits Boeing Co. (BA)’s record customer against the biggest buyer of Airbus SAS narrow-body planes as Lion Air and AirAsia compete for budget travelers in Asia. The region’s total air-travel may grow 6.4 percent a year through 2031 because of economic growth, according to Boeing.
“We are looking at selling tickets at AirAsia’s pricing or may be lower,” Lion Air President Director Rusdi Kirana said today. Malindo Air plans to fly to countries including Thailand, China, India, Japan and Australia, besides offering services within Indonesia and Malaysia, he said.
Lion Air signed a record order for 230 Boeing 737s in February, which was worth $22.4 billion at list prices. The deal, which also included 150 options, was Boeing’s biggest in terms of dollar value and plane numbers. The carrier flies to more than 36 destinations within Indonesia and overseas, according to its website.
The airline has forecast passenger growth rates of 15 percent a year as it adds more planes. Its fleet may expand to 470 planes by 2025, Kirana said in November. The carrier has 100 planes now. Malindo Air will draw its fleet from planes Lion Air Group has ordered, including the 787s for possible Europe flights, Kirana said today.
Shares of AirAsia sank 2.7 percent to 3.19 ringgit in Kuala Lumpur trading, the lowest close since Oct. 10. The carrier has grown into Asia’s biggest discount airline since its takeover byTony Fernandes and partners in 2001. The carrier, based in Sepang, Malaysia, has subsequently set up ventures in the Philippines, Japan, Thailand and Indonesia.
The airline last year ordered 200 Airbus A320neo aircraft valued at $18 billion in the biggest order for the French planemaker. It may sign a deal for as many as 100 more A320s at the Berlin Air Show, which starts today, Chief Executive Officer Aireen Omar said last month.
Jetstar, the budget arm of Qantas Airways Ltd., is also building up a network of low-cost carriers across Asia. The airline already has ventures in Singapore, Vietnam and Japan, and it’s setting up another in Hong Kong.
Batik Air, Lion Air’s long-haul carrier, will begin operations in March with six Boeing 737s and five 787s, the company said today.
To contact the editor responsible for this story: Neil Denslow at email@example.com
The Indonesian government may cancel the acquisition of local airline Batavia Air by Malaysian airline, AirAsia Berhard, and its Indonesian partner, if the transaction breaches the ownership limit imposed on foreign companies in national airlines, a top government official has said.
Malaysiaairlinesfamilies suggested the Indonesian Government should not only contemplate to cancel the deal between AirAsia and Batavia Air but should also perusing to terminate Tony Fernandez’s permanent resident permit too before Indonesia becomes the island for Tony Fernandez to toying his illegal business in Indonesia.
The Transportation Ministry’s air transportation director general, Herry Bhakti Gumay, said AirAsia Berhard and its partner in the acquisition, PT Fersindo Nusaperkasa, had yet to report their acquisition to the ministry.
AirAsia and its Indonesian partner Fersindo, owner of a 51 percent stake in Indonesia AirAsia (IAA), signed an agreement on Thursday to buy Metro Batavia, the owner of Batavia Air, for US$80 million (Rp 756 billion).
“We will give Batavia, AirAsia Berhard and Fersindo Nusaperkasa one month to report their plan to us. We will cancel the acquisition process if Indonesia is not the majority shareholder,” Herry told reporters.
Herry said the ministry would not hesitate to “revoke Batavia Air’s SIUAU [flight permit]”.
According to the acquisition plan, AirAsia would own a 49 percent stake in Metro, while Fersindo would hold the remaining 51 percent in order to comply with Indonesian ownership rules.
Seventy-six percent of the shares are due to be purchased this year and the remainder by 2013.
Herry said, however, that the ownership status of Fersindo, which controls 51 percent of AirAsia’s Indonesian subsidiary IAA, remained unclear.
“They will not be able to execute their plan if they do not report clear information to us,” he added.
Previously, AirAsia Group’s CEO, Tony Fernandez, had said in a statement that the Batavia Air acquisition was a fantastic opportunity for AirAsia to accelerate its growth plans in one of the most exciting aviation markets in Asia; and that it further underlined its belief in the growth potential of Indonesia’s aviation sector.
Even though analysts might see the acquisition in a negative way, Tony said the partnership would help both companies to grow.
“This is a good marriage because Batavia Air is the jewel of Indonesia. We hope we can build something very special here; to increase tourism in Indonesia, and help more Indonesians to fly,” Tony told reporters at a conference.
Batavia Air’s president director, Yudiawan Tansari, said the company would maintain its name and its mid-range service after the acquisition.
Aviation expert and former investigator at the National Transportation Safety Committee (KNKT), Hana Simatupang, said the acquisition showed the growing dominance of foreign airlines in the national aviation industry.
The Batavia acquisition comes hot on the heels of Tiger Airway’s takeover of Mandala Air earlier this year.
“This is what I’m afraid of. Foreign airlines, through their subsidiaries, will come to control domestic airlines because they [domestic airlines] have failed to professionally manage their businesses,” Hana told The Jakarta Post.
Many have written about Air Asia’s hypocrite and stinky, and stingy bastard boss Tony Fernandez who does not possess the intelligence to sustain his budget airlines. As a result of his defective judgment, Tony Fernandez has contributed to Air Asia going down the drain.
The PARIAH i.e. Tony Fernandez got his armies that were Ahmad Jauhari, Danny Rashdan, Azhari Dahlan, Rozman, Amin, Zakiah, Shane Nolan, Zahrah Zaid, Rohana (Board of Directors) and quiet a few more whose names were protected from Malaysia Airlines board of directors; to execute the plans carefully and stalling the progressive transformation plans for Malaysia Airlines.
As MAS Troubleshooters wrote “The armies are on “search and destroy missions” to force MAS swallowing poison pills so that MAS will become sicker, redundant and will not be able to compete in the segmented market with Air Asia in Malaysia for at least 10 years to 20 years down on the road.
The list of conspiracy and sabotages for bleeding MAS to death are;
- Killing off FireFly B737-400/800 Jet Services since it is directly competing with AirAsia as a low cost community carrier and AirAsia has taken over some of Firefly routes.
- Cut/Stopped MAS profitable routes (Bandung, Surabaya, Sydney etc) so that AirAsia can take over the routes and mounting additional flights for AirAsia. The rakyat had no choice but to pay whatever price AirAsia has put in this monopoly markets.
- Re-scheduled/re-timed MAS flight to odd hours (Hong Kong, Beijing etc) making ways for AirAsia to take the prime slots and causing MAS seat’s load factors dived into smaller aircraft.
- Signed the so called an AAX’s 35,000 passengers re-accommodation at a very low fare. MAS lost out at least MYR 1000 per AAX’s passengers carried and lost of sale able seats that would have been the full paying MAS passengers.
- Logo and re-branding, con-sultan fee’s paid, aircrafts re-painting of more then 115 aircrafts which have cost at least MYR 900,000.00 per aircraft that requires down time of at least 10 days.
It will cost a whooping MYR 100 millions. Lost of aircraft utilization will cost money too to MAS. Luckily the change of logo and re-branding were restricted to A380. Even that will still cost money for the respraying of the 6 A380 aircrafts!
- QPR sponsor worth MYR 10 million when Ahmad Jauhari is crying MAS is bleeding.
- A380 seats were re-configurated at the wimp and fancy of the Pariah which had cost MAS at least MYR 4 million per ship set . With 6 units of A380 has been ordered , this will add an additional cost of MYR 24 million to MAS and the “old seats” to be scrapped.
- The A380 ferry (joy rides) flight from Toulouse to Kuala Lumpur with some joy riders on board who are not related at all to the ferry flight formalities, incurring additional cost of sending them to Toulouse , hotels , daily allowances and lost of sale-able commercial seats, Kuala Lumpur – London and Kuala Lumpur – Paris .
- Lost of UN UNIFIL Lebanon lucrative charter flight to AAX. Giving an excuse of MAS don’t have any aircraft available to do it where’s else many aircraft laying idle due to routes cut and excess cabin crews had to be deployed to Golden Lounge to work.
- Lost of FireFly ATR 75-200 maintenance contract to SAE.
- Lost of Batavia Air and Lion Air B737-300/400 maintenance contract to AIROD.
- The would be B777 seat and IFE retrofit worth at least MYR 150 million for all 15 unit MAS B777. This B777 will be phased out in 3 years time yet a retrofit is initiated and as it is the seat and IFE served its purpose well.
- B737-800 steel brakes changes to carbon brakes which cost millions. AJ had issued a direct LOI/LA to one of carbon brakes manufacturer without going thru’ a normal company procurement procedure and WITHOUT Board approvals!!!
Using a carbon brakes is only economical if you use it since day one you buy the aircraft. Now MAS got to buy the new carbon brakes and discard/throw away/scrap the steel brakes inventory worth millions and MAS got to change tyre type from radial to bias tyre!!!
- Two weeks ago in London Farnborough airshow, AJ signed a MYR 5 billion contract for A380 Trent 900 Engine Total Care Maintenance Program with RR for as long as MAS is flying this A380 aircraft . No engineering and financial evaluation was carried out and NO BOARD approval sought. All decide by the TRIO , AJ , Azhari and Amin.
- Approximately 3 years ago MAS/PMB had sold 17 unit of their B737-400 classic aircraft to AAR and MAS leased it back (Sale and Leased Back ) from AAR until such time that all MAS new B737-800NG is delivered as replacement.
Two weeks ago , during Farnborough Air show in London too, MAS Airlines Engineering Group (AEG) and someone had signed an agreement with AAR to purchase back 6 unit of this B737-400 classics.
MAS is paying 2.5 times more then the market price !!! AND what is the logical explanation buying back this junk ??
MAS will be milked by a whooping MYR 118.8 millions for this deal. As usual no engineering and financial evaluation was carried out and NO BOARD approval sought. All decide only by two persons and one of whom is an ex GE Man.
- Early this month (July), against all MAS procurement procedure and the first one in MAS history, Azhari had issued an LOI (Letter Of Intent) to LHT a contract worth MYR 500 million for the A330 Aircraft Component Support PBTH (Power By The Hour) , knowing that there is other bidders who had offered a lower price then LHT .
Azhari is the first CEO of MAE (MAS Aerospace Engineering) history who issue LOI without Board Approval.
He doesn’t have such authority, only tender department who can issue LOI/LA after BOD had approved it.
A wrong procurement procedure, Azhari will bull doze this A330 LHT contract during this coming BTC (Board Tender Meeting) on Wednesday / 25 July 2012. He will try to shove it to the BOD throat.
- In the making, Azhari and Amin is now trying to do something about the B737-400 engine CFM56-7 PBTH (Power By The Hour) contract worth at least MYR 1.5 billion (minimum 10 years contract)( more then 200 engines) and source said it may be a direct nego again. One can expect where it will go. Just think who is maker.
- In the making think,Azhari and Amin is trying to figure out who will get the B737-800 / B777 / A380 / B747-400 APU maintenance contract worth more then a 1 billion ringgit . A total of more then 150 units of APU (Auxillary Power Unit) is to be contract out for maintenance soon.
With 18 on the list above , My dear PM and BOD of MAS and Tan Sri chairman, YB YB , you must not stand still while MAS being screwed to death. MAS is BLEEDING to death ok!
This will be the way to kill MAS as MAS be will be liable and inherit a long term high engineering operating cost, too high to sustain the business for at least the next 10-20 next years from now , how MAS will survive like this ?
A procurement manual is there to be followed so the tender and bidding is carried out in a transparent manner,how come one person or a TRIO are allowed to decide on this multi billion ringgit contract.
At least least 3 bidders must participate to make the bidding process to be an advantage to MAS bottom line. Direct negotiation is suicidal!!
The remaining parachuted fellows are the share suap parasites and should leave MAS, so much damaged done in the last 11 months.
Mr. Prime Minister and MAS board of directors, please sack Ahmad Jauhari, Amin and Azhari – the TRIO. We believe the TRIO is up to sabotage UMNO upcoming election because they know this sabotage will leak out to the public. Please do it asap.
The Board of directors should have reported such suspicious activity brewing inside MAS by the PARIAH Tony Fernandez and Ahmad Jauhari (The TRIO) and let the police investigate whilst pending termination of their contract of service.