The real winners in Air Asia-MAS deal

It looks like a small Napoleons in Khazanah have been a ones who will good most from a controversial share swap.

ANALYSIS

Who have been a genuine beneficiaries in a controversial Air Asia-Malaysia Airlines share swap? The answer should not be as treacherous as has been done out to be in media statements from all as well as sundry.

Air Middle East Chief Tony Fernandes isn't being really helpful, as well as for viewable reasons. He fears which millions of his doti! ng fans will desert him and, in consequence, he will remove his throne as a God of Marketing in Malaysia as well as a region, if not a world.

We have been told which Khazanah Nasional will have a 10% interest in Air Middle East in lapse for a latter carrying a 20% state in Malaysia Airlines. Khazanah Nasional has a 17.33% interest directly in Malaysia Airlines. Indirectly, it has a 52% interest by Penerbangan Malaysia Sdn Bhd, a wholly-owned subsidiary.

There's more than meets a eye in this cloak-and-dagger deal.

Tune Air Sdn Bhd, a in isolation singular association which has a ! 20% cont rolling interest in Air Asia, is owned 50:50 by Tony as well as his partner Kamarudin Meranun. This equates to which each has a 10% interest in Air Middle East by Tune Air.

Khazanah, for all unsentimental purposes, did not enter Air Middle East directly. But like Tony as well as Kamarudin, it went in by Tune Air. The 20% which Tune Air has in Air Middle East is right away owned 50% by Khazanah as well as 50% by Tony as well as Kamarudin.

Khazanah, in reality, right away owns half of Tune Air. Tony as well as Kamarudin both reason a rest in equal measure. In return, Tony as well as Kamarudin supposed a 20% ! interest collectively in a probably bankrupt Malaysia Airlines. Many will say which a two need to have their heads examined.

The bottom line is which buddies Tony as well as Kamarudin have both lost their once determining interest in Air Middle East via Tune Air.

The small Napoleons during Khazanah can go upon to collect up Air Middle East shares in a open marketplace as well as set up up a ownership of a airline outside Tune Air. The income from Air Middle East is approaching to assistance feed a fight chest of a small Napoleons during Khazanah.

This is part of a genuine story which Tony isn't revelation anyone. Instead, like Kamarudin, he deliberately keeps silent upon a understanding while a media goes upon a wild crow chase. Both group contingency have laughed their heads off recently when several MPs attacked Tony in Parliament over a share swap.

It's a bit of a mystery because Tony as well as his partner gave up their determining interest in Air Asia.

Under Tony, Air Middle East had bragged from a pregnancy which Now Everyone Can Fly. We can usually theory during what his genuine motives have been in accepting a understanding with Khazanah so which Not Everyone Can Now Fly.

There was which story not so prolonged ago which Air Middle East would change a domicile to Jakarta. This was before prolonged after Tony proposed singing praises of a Indonesian capital. The Air Middle East chief saw Indonesia as El Dorado as well as a Promised Land all rolled into a single as Air Middle East Indonesia was poised for as most success as Air Middle East in Malaysia.

Genius plan

When caught with his pants down over a domicile announcement, he quickly claimed which Air Middle East would still keep a domicile in Malaysia. Jakarta, he said, would be Air Asia's Asean domicile given that's where a Asean Secretariat was located.

Apparently, he longed for to have a "closer working relationship" with a Asean Secretariat given Air Middle East was i! n actual ity THE Asean Airline. If that's a case, what purpose would a so-called Air Middle East domicile in Malaysia still play? Air Middle East would finish up with two domicile under Tony's might plan.

Since a share barter deal, you have not heard anything about Air Asia's Asean domicile in Jakarta. Instead, you have been told which Tony will set up a brand brand brand new airlineCaterham Jetostensibly to compete with, in between others, Qantas in a plans for a brand brand brand new airline for a super abounding in a region. Not Everyone Should Fly? God alone knows.

Here, a law of a matter is which Tony has had it up to his eyeballs with a small Napoleons during Malaysian Airports Holdings Berhad (MAHB) for probably extorting him over a years by exces! sive fee s. He sees a badly-managed MAHB as a leech, sucking Air Asia's blood for all it is worth.

The way he reckons it, he works hard usually to see MAHB robbing him of a fruits of his work as well as all a time blackmailing him. He is still sore which it denied him a right to set up a brand brand brand new low price airfield near a Kuala Lumpur International Airport. Instead, MAHB motionless to set up a ownfor a lucrative in isolation contracts which a small Napoleons could take for themselvesand obstruct him to regulating their brand brand brand new airport.

MAHB even enlisted a await of former prime apportion Dr Mahathir Mohamad, a omnipresent, to run open opinion against a brand brand brand new airfield programmed by Air Asia. Many stories in a Malay media upon a emanate bordered upon a personal, were highly descent as well as even downright racist.

That Air Middle East has been a runaway success in Malaysia from a word "go" is in no doubt whatsoever. It has replicated as well as repetitious this success by subsidiaries in Thailand, Vietnam as well as a Philippines, on top of Indonesia.

Unique exit strategy

So, again, what's behind Tony's emplacement with a share swap? Is this an ego outing for him during a responsibility of a legions of loyal Air Middle East commuters?

Is he abandoning Air Middle East in Malaysia by his own singular exit plan a la a share barter deal? That's a million ringgit question!

Tony should come clean upon a deal. Perhaps, he can spin up during a on-going Public Accounts Committee hearings as well as confess his sins.

And he should stop revelation too most stories.

Not too prolonged ago, Tony kept revelation a media which Singapore was over-rated as a must-stop movement in between Oceania, Europe as well as a world. He affianced to assistance set up up Senai International Airport to obscure Singapore's Changi. But after Air Middle East perceived long-denied alighting rights during Changi, you no longer hear about a Senai plan.

Air Asia's as well as Tony's most loyal fans wish to ensure which Everyone Can Now Still Fly.

No doubt, they wouldn't wish a small Napoleons during Khazanah, a loser organization operating in tip most of a time with open funds, to foreordain how Air Middle East should be run.

It appears which Khazanah's small Napoleons have been not satisfied with making a disaster of Malaysia Airlines as well as which Tony has willingly jumped into their trap for his own reasons, whatever they are. Khazanah's small Napoleons will soon start determining a lucrative contracts during Air Asia, as they have done during Malaysia Airlines.

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Rancangan Oh Yeah! yang ditayangkan di Astro, menayangkan lawak yang melampau. Artis Muslimah Melayu (Khairiah) berlakon hingga memberikan perseps! i negati f kepada Islam (menghina Islam) dengan memberi intrepetasi pakaian Muslimah (dalam lakonannya) mengikut citarasa sendiri untuk dijadikan bahan gelak tawa. Memang bila perkara begini berlaku, tidak ramai yang melenting. Malah tidak mengambil endah sedikitpun. Golongan berwajib hanya melenting apabila sesuatu perkara itu boleh dijadikan isu khususnya menyentuh mengenai politik melibatkan Pakatan Rakyat. Ataupun juga penghinaan oleh Non Muslim seperti video yang dibuat oleh Namawee (yang jelas bukan Islam). Namun bila melibatkan orang Islam sendiri, tidak kira individu berkepentingan atau badan tertentu Kerajaan, hanya mendiamkan diri sahaja. Apabila ada sebarang penghinaan kepada Islam di Youtube, di Facebook, dan lain-lain berlaku di Malaysia baru muncul "pejuang yang nak jadi favourite ini". Bila ada isu yang berkait Islam yang boleh dipolitikkan, baru mereka nak heboh. Sedangkan Media TV sendiri memperleceh dan perlekeh Islam didepan penonton Islam dan bukan Islam dengan menjadikan ia sebagai bahan gelak tawa, mereka senyap sahaja. Penghinaan sebegini dibiarkan. Penghinaan begini jugalah yang dilulus tayangkan. Apakah reaksi pihak berwajib??

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