The poor opening of MAS in a last two quarters was a make a difference of regard to many. Then came a explosive proclamation which Malaysia Airlines as well as Air Middle East will barter shares in a understanding which will see Tan Sri Tony Fernandes become a singular greatest shareholder. The understanding was apparently secretly sealed after negotiations which stretched for about a year.
Many have been dumbfounded over this development which poses serious concerns which Air Middle East can dominate MAS thereby shortening competition in between a two to a detriment of end-users. In a prolonged run, this could lead to a practical corner of a made during home airline industry. In such a scenario, you will be unprotected to a risks as well as concerns associated with such a corner temperament in thoughts which other cronies as well as political power brokers could be sneaking in a shadows.
Is there a conflict of seductiveness in spite of his purported non-executive position since a barter is accompanied by effective appearance of Tony Fernandez as well as his nominees in a house of MAS? Have corporate governance manners been violated? Surely they have a horizon of laws as well as discipline for economic potency as well as ensure a firm's shortcoming towards a investors as well as stakeholders. However, considering a level of secrecy in which this was discussed, you must subject a level of clarity in a decision-making of a inhabitant issue. In fact, a Securities Commission must investigate if there any irregularities exist.
Remember behind in a aged days when Telekoms Malaysia monopolised a attention as well as use was atrocious? Only when a attention was opened to competition did you see use improve (at slightest a little improvement). In a UK, gas as well as electricity is extremely competitive. Even unfamiliar companies operate in a UK. In Malaysia you usually have Gas M! alaysia as well as TNB. That is because use is bad as well as expensive. In a UK, dozens of companies need to quarrel for th! e busine ss.
With competition it can usually meant good headlines for a consumer. And which is because many countries have anti-monopoly laws to protect a consumers.
In a US, a MAS-Air Middle East understanding would be blocked as well as citizens similar to you as well as me can go to justice to file a class action fit to get a justice to prevent such monopolistic mergers.
When Singapore joined Malaysia in 1963, it common Malaysia's common currency. Later on, Singapore was expelled, became eccentric in 1965 as well as lost a monetary union. In 1967 Singapore established a Board of Commissioners of Currency as well as expelled a own notes called a orchid. The orchid is right away known as a dollar (SGD). Today, a exchange rate is RM2.5: SIN$1.
Looking back, Malaysia-Singapore Airlines (MSA) came into being in 1966 as a result of a joint tenure of a airline by a governments of Malaysia as well as Singapore. After 6 years, a airline ceased operationsin 1972 when both governments motionless to set up their own inhabitant airlines. That was how Malaysian Airline System, right away called Malaysia Airlines, as well as Singapore Airlines were formed.
According to a SIA report dated 28th Jan 2011, a third entertain of 2010-2011 operating profitWAS UP 58% to SIN$509million (RM1.27billion). And how much does MAS make?
B.K. Sidhu of The Star reported which Malaysia Airlines (MAS) NET PROFIT FELL BY 65% to RM226mil for a fourth entertain finished December 31, 2010 from ! RM640mil a year earlier due to aloft cost of fuel notwithstanding carrying some-more passengers during a quarter. The fourth entertain is routinely a most essential entertain for airlines. In conditions of revenue the! airline reported an 8% a rise to RM3.6bil from RM3.3bil previously.
In short, a two reports uncover which SIA creates about MORE THAN FIVE TIMES what MAS creates as well as which is receiving MAS accounts during 'face value". With a fine-toothed comb, a figures might be less or even be a loss.
So because merge MAS as well as Air Asia when you should be talking about a poor opening of MAS? South of a border, a premium airline is raking in income whilst in a own homeground, a opposite is happening!! Why can't MAS stay afloat notwithstanding a many injections over a years? (ReadIs Mas Still EMAS?)
Air Middle East is a really rarely geared company so how can which partnership help MAS? Is this another DRB-Hicom reprise?
Years ago, DRB was draining as well as rarely geared. What happened was not actually a partnership though some-more similar to Hicom shopping over DRB's debts. To add insult to injury, HICOM 'bought' DRB though DRB finished up owning Hicom - a classical box of a a reverse takeover.
So have been you starting to see a same here?
Recently, BBC announced which Air Middle East is shopping 200 of a A320neo jets, in a understanding value about $18bn (11bn). India's IndiGo confirmed an sequence for 180 planes from Airbus. The report pronounced a brand brand new versions of a A320 have been in demand as their brand brand new engines make them some-more fuel-efficient as well as cheaper to run. Airbus pronounced which a Air Middle East understanding made a Malaysian conduit a greatest airline customer for a single-aisl! e produc t line. Altogether, Air Middle East has right away placed organisation orders for 375 aircraft from a A320 family, with 89 already in service.
In view of a stream economic situation, this understanding is worrisome. If they were to terminate a deal, they would have to pay a complicated penalty. So, with a barter shares deal, does it meant which MAS is starting to 'buy' Air Asia's 'debts' or financial commi! tments a nd afterwards Air Middle East ending up owning MAS? Is this an asset stripping move in a corporate game where a rakyat end up as losers? It positively smells similar to DRB-Hicom all over again.
Is a Govt offered a climax jewels? If so, because to to Air Asia? Was this understanding a sugar base to keep a Air Middle East HQ inside of Malaysia instead of Indonesia? (Read THIS.)
As for now, a usually approach for MAS to make it is to merge with SIA!!! Then, you can be roughly 100% sure it will be profitable!! Does this understanding good a interests of a minority during a expense of a majority? What about a employees of MAS who have served a inhabitant conduit with selfless faithfulness as well as faithfulness in spite of a resources they have been facing?
For serve reading:
1. MAS distinction down on aloft fuel costs
2. Is MAS still EMAS?
3. The MAS Scandal
4. Top 100 Airlines Sites Directory - Singapore is Number 5. Can you find Malaysia in a top 100? :-)
5.! Travel Weekly - Top 100 Airlines
Many have been dumbfounded over this development which poses serious concerns which Air Middle East can dominate MAS thereby shortening competition in between a two to a detriment of end-users. In a prolonged run, this could lead to a practical corner of a made during home airline industry. In such a scenario, you will be unprotected to a risks as well as concerns associated with such a corner temperament in thoughts which other cronies as well as political power brokers could be sneaking in a shadows.
Is there a conflict of seductiveness in spite of his purported non-executive position since a barter is accompanied by effective appearance of Tony Fernandez as well as his nominees in a house of MAS? Have corporate governance manners been violated? Surely they have a horizon of laws as well as discipline for economic potency as well as ensure a firm's shortcoming towards a investors as well as stakeholders. However, considering a level of secrecy in which this was discussed, you must subject a level of clarity in a decision-making of a inhabitant issue. In fact, a Securities Commission must investigate if there any irregularities exist.
Remember behind in a aged days when Telekoms Malaysia monopolised a attention as well as use was atrocious? Only when a attention was opened to competition did you see use improve (at slightest a little improvement). In a UK, gas as well as electricity is extremely competitive. Even unfamiliar companies operate in a UK. In Malaysia you usually have Gas M! alaysia as well as TNB. That is because use is bad as well as expensive. In a UK, dozens of companies need to quarrel for th! e busine ss.
With competition it can usually meant good headlines for a consumer. And which is because many countries have anti-monopoly laws to protect a consumers.
In a US, a MAS-Air Middle East understanding would be blocked as well as citizens similar to you as well as me can go to justice to file a class action fit to get a justice to prevent such monopolistic mergers.
When Singapore joined Malaysia in 1963, it common Malaysia's common currency. Later on, Singapore was expelled, became eccentric in 1965 as well as lost a monetary union. In 1967 Singapore established a Board of Commissioners of Currency as well as expelled a own notes called a orchid. The orchid is right away known as a dollar (SGD). Today, a exchange rate is RM2.5: SIN$1.
Looking back, Malaysia-Singapore Airlines (MSA) came into being in 1966 as a result of a joint tenure of a airline by a governments of Malaysia as well as Singapore. After 6 years, a airline ceased operationsin 1972 when both governments motionless to set up their own inhabitant airlines. That was how Malaysian Airline System, right away called Malaysia Airlines, as well as Singapore Airlines were formed.
According to a SIA report dated 28th Jan 2011, a third entertain of 2010-2011 operating profitWAS UP 58% to SIN$509million (RM1.27billion). And how much does MAS make?
B.K. Sidhu of The Star reported which Malaysia Airlines (MAS) NET PROFIT FELL BY 65% to RM226mil for a fourth entertain finished December 31, 2010 from ! RM640mil a year earlier due to aloft cost of fuel notwithstanding carrying some-more passengers during a quarter. The fourth entertain is routinely a most essential entertain for airlines. In conditions of revenue the! airline reported an 8% a rise to RM3.6bil from RM3.3bil previously.
In short, a two reports uncover which SIA creates about MORE THAN FIVE TIMES what MAS creates as well as which is receiving MAS accounts during 'face value". With a fine-toothed comb, a figures might be less or even be a loss.
So because merge MAS as well as Air Asia when you should be talking about a poor opening of MAS? South of a border, a premium airline is raking in income whilst in a own homeground, a opposite is happening!! Why can't MAS stay afloat notwithstanding a many injections over a years? (ReadIs Mas Still EMAS?)
Air Middle East is a really rarely geared company so how can which partnership help MAS? Is this another DRB-Hicom reprise?
Years ago, DRB was draining as well as rarely geared. What happened was not actually a partnership though some-more similar to Hicom shopping over DRB's debts. To add insult to injury, HICOM 'bought' DRB though DRB finished up owning Hicom - a classical box of a a reverse takeover.
So have been you starting to see a same here?
Recently, BBC announced which Air Middle East is shopping 200 of a A320neo jets, in a understanding value about $18bn (11bn). India's IndiGo confirmed an sequence for 180 planes from Airbus. The report pronounced a brand brand new versions of a A320 have been in demand as their brand brand new engines make them some-more fuel-efficient as well as cheaper to run. Airbus pronounced which a Air Middle East understanding made a Malaysian conduit a greatest airline customer for a single-aisl! e produc t line. Altogether, Air Middle East has right away placed organisation orders for 375 aircraft from a A320 family, with 89 already in service.
In view of a stream economic situation, this understanding is worrisome. If they were to terminate a deal, they would have to pay a complicated penalty. So, with a barter shares deal, does it meant which MAS is starting to 'buy' Air Asia's 'debts' or financial commi! tments a nd afterwards Air Middle East ending up owning MAS? Is this an asset stripping move in a corporate game where a rakyat end up as losers? It positively smells similar to DRB-Hicom all over again.
Is a Govt offered a climax jewels? If so, because to to Air Asia? Was this understanding a sugar base to keep a Air Middle East HQ inside of Malaysia instead of Indonesia? (Read THIS.)
As for now, a usually approach for MAS to make it is to merge with SIA!!! Then, you can be roughly 100% sure it will be profitable!! Does this understanding good a interests of a minority during a expense of a majority? What about a employees of MAS who have served a inhabitant conduit with selfless faithfulness as well as faithfulness in spite of a resources they have been facing?
For serve reading:
1. MAS distinction down on aloft fuel costs
2. Is MAS still EMAS?
3. The MAS Scandal
4. Top 100 Airlines Sites Directory - Singapore is Number 5. Can you find Malaysia in a top 100? :-)
5.! Travel Weekly - Top 100 Airlines
- masterwordsmith
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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