Malaysia Airports Holdings Bhd (MAHB), which manages a country's airports, will suffer from a recent share barter understanding in in between bill airline AirAsia as well as inhabitant conduit Malaysia Airlines (MAS), PKR's strategy director Mohd Rafizi Ramli says.
Rafizi (left) pronounced there has been a lot of bad blood in in between MAHB as well as AirAsia over a years, with conjunction side wanting to concur a in front of in a long-standing argument over airport taxes as well as charges.
The airport user claims a no-frills airline still owes it more than RM100 million in delinquent taxes, while AirAsia maintains which MAHB charges exorbitant rates for a use of below-par comforts during a low-cost conduit terminal in Sepang.
The dynamics of a volatile relationship in in between a dual entities have been expected to shift in favour of AirAsia as a share barter effectively lands a single really absolute patron upon MAHB, Rafizi said.
Rafizi pragmatic which with a share swap, AirAsia as well as MAS will operate as a single vast conglomerate in carry out of Malaysia's made during home airspace, giving AirAsia absolute leverage to "arm-twist" MAHB in to starting along with a demands.
"Now, when AirAsia becomes a single made during home player, MAHB will have only a single customer. AirAsia will have (every) value to compel MAHB in to unfavourable deals.
"Therefore, consumers as well as MAHB will bear a brunt of a impacts of AirAsia's emergence as a dominant made during home airline," he told a press conference during a PKR domicile in Petaling Jaya yesterday (TUESDAY).
Swap not necessary
Rafizi pronounced only good things have been pronounced about a collaborationbetween a dual airlines, though there has been little discuss of th! e glarin g dispute of interests which a once-bitter rivals right away share.
Under a share barter deal, AirAsia will take a 20.5 percent interest in MAS, which in turn will take a 10 percent share in a bill carrier. Both companies will additionally have dual non-executive seats upon any other's house of directors, giving them a direct contend in managerial decisions.
"The often touted good of a collaboration is a withdrawal of MAS from a made during home market, withdrawal it to AirAsia, upon a stratagem which a former can concentration upon (the) reward market.
"Ironically, this preference could have been finished independently by a MAS as well as (MAS majority shareholder) Khazanah (Nasional Bhd) leadership, but bringing AirAsia in to a picture.
"The appearance of AirAsia in a business decision-making of MAS signifies a great dispute of interests which would warning analysts anywhere."
Najib's economic skeleton falling apart
Rafizi stressed which as a flagship government-linked company, MAS could not afford to repeatedly go by a reorganization during taxpayers' expense as well as but any positive results.
He pronounced Khazanah's "tacit admission" of disaster in dual business turnaround skeleton (BTP), run by dual arch senior manager officers since 2006, was a possible indicator which a government's GLC mutation programme was further failing.
Rafizi claimed which GLCs have long been abused by a BN in formulating a sequence of political-business cartels, as well as indicted Prime Minister Najib Abdul Razak of using GLCs to channel open funds in to massive projects but any accountability.
"Thus, a contentment of a GLCs is consequential for a economy as well as a ! disaster of a dual BTPs should be noticed in this context.
"Since a supervision is so keen to showcase a KPI (key performance index) to a rakyat, surely a latest goings-on in ! MAS have been a clearest sign which Najib Razak's most touted economic mutation has additionally failed," he added.
Rafizi (left) pronounced there has been a lot of bad blood in in between MAHB as well as AirAsia over a years, with conjunction side wanting to concur a in front of in a long-standing argument over airport taxes as well as charges.The airport user claims a no-frills airline still owes it more than RM100 million in delinquent taxes, while AirAsia maintains which MAHB charges exorbitant rates for a use of below-par comforts during a low-cost conduit terminal in Sepang.
The dynamics of a volatile relationship in in between a dual entities have been expected to shift in favour of AirAsia as a share barter effectively lands a single really absolute patron upon MAHB, Rafizi said.
Rafizi pragmatic which with a share swap, AirAsia as well as MAS will operate as a single vast conglomerate in carry out of Malaysia's made during home airspace, giving AirAsia absolute leverage to "arm-twist" MAHB in to starting along with a demands.
"Now, when AirAsia becomes a single made during home player, MAHB will have only a single customer. AirAsia will have (every) value to compel MAHB in to unfavourable deals.
"Therefore, consumers as well as MAHB will bear a brunt of a impacts of AirAsia's emergence as a dominant made during home airline," he told a press conference during a PKR domicile in Petaling Jaya yesterday (TUESDAY).
Swap not necessary
Rafizi pronounced only good things have been pronounced about a collaborationbetween a dual airlines, though there has been little discuss of th! e glarin g dispute of interests which a once-bitter rivals right away share.
Under a share barter deal, AirAsia will take a 20.5 percent interest in MAS, which in turn will take a 10 percent share in a bill carrier. Both companies will additionally have dual non-executive seats upon any other's house of directors, giving them a direct contend in managerial decisions."The often touted good of a collaboration is a withdrawal of MAS from a made during home market, withdrawal it to AirAsia, upon a stratagem which a former can concentration upon (the) reward market.
"Ironically, this preference could have been finished independently by a MAS as well as (MAS majority shareholder) Khazanah (Nasional Bhd) leadership, but bringing AirAsia in to a picture.
"The appearance of AirAsia in a business decision-making of MAS signifies a great dispute of interests which would warning analysts anywhere."
Najib's economic skeleton falling apart
Rafizi stressed which as a flagship government-linked company, MAS could not afford to repeatedly go by a reorganization during taxpayers' expense as well as but any positive results.
He pronounced Khazanah's "tacit admission" of disaster in dual business turnaround skeleton (BTP), run by dual arch senior manager officers since 2006, was a possible indicator which a government's GLC mutation programme was further failing.
Rafizi claimed which GLCs have long been abused by a BN in formulating a sequence of political-business cartels, as well as indicted Prime Minister Najib Abdul Razak of using GLCs to channel open funds in to massive projects but any accountability.
"Thus, a contentment of a GLCs is consequential for a economy as well as a ! disaster of a dual BTPs should be noticed in this context.
"Since a supervision is so keen to showcase a KPI (key performance index) to a rakyat, surely a latest goings-on in ! MAS have been a clearest sign which Najib Razak's most touted economic mutation has additionally failed," he added.
Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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