Buzz Sociopolitics Malaysia: UMNO MPs are critical of MAS-AirAsia Deal

UMNO MPs are critical of MAS-AirAsia Deal

November 15, 2011

www.themalaysianinsider.com

UMNO MP's have been vicious of MAS-AirAsia Deal

by Shannon Teoh (11-14-11)

UMNO lawmakers indicted Tan Sri Azman Mokhtar as good as Tan Sri Tony Fernandes today of intrigue a public in a Malaysia Airlines (MAS) as good as AirAsia share swap.

Kinabatangan MP Datuk Bung Mokhtar Radin called upon Khazanah Chief Executive Azman to be investigated by graftbusters after a state investment agency exchanged 20.5 per cent of a inhabitant carrier for a 10 per cent stake in Asia's top-performing bill airline.

"The Malaysian Anti-Corruption Commission (MACC) contingency call Tan Sri Azman all of them if there is any misappropriation, stuff them in to jail," a Barisan Nasional (BN) backbenchers emissary chief told Parliament.

"How can Khazanah be fooled? Azman Mokhtar, how can he be so stupid, to be 'tuned' by Tony Fernandes. If you was in such a position, you would renounce rather than discouraging others.

"Maybe they have been not stupid. Maybe they get outrageous profits by squeezing as good as grabbing income from a public," he said, referring to a AirAsia CEO's association Tune Air which right divided owns a fifth of MAS.

Sri Gading MP Mohamad Aziz additionally indicted AirAsia of "clearly intrigue a public as good as right divided trying to cheat MAS."

"If this kind of male (Fernandes) can carry out us, God pardon us," he pronounced whilst debati! ng Budge t 2012.

Bung Mokhtar additionally pronounced a supervision should "not be frightened of Fernandes." "Whatever he wants, you give. He wants to exaggerate for additional container as good as suck a red blood of bad villagers.

"Now you hear he has a plan in a future to take over all domestic flights as good as MAS will usually have general flights. If you give this to him, a nation will be in ruins. It will be a end of a universe for us," he said.

Bung pronounced if a supervision could not produce a acceptable answer, it meant which "government officials colluded with AirAsia as good as have vested interests."

The MAS-AirAsia barter has come underneath glow from both sides of a political divide as good as employees of MAS who hold a understanding will affect their careers.The Finance Ministry pronounced earlier this month which a understanding is being investigated by Bursa Malaysia as good as a Securities Commission for insider trade notwithstanding a barter being agreed upon three months ago.

MAS's bad monetary opening of late had resulted in a share barter with AirAsia upon Aug 9.This authorised AirAsia boss Fernandes to sit upon a MAS board, evidently to help spin a ailing airline around.

MAS had voiced in Aug a net detriment of RM527 million for a second quarter of 2011 due to aloft fuel costs notwithstanding recording a improved produce as good as a nine per cent growth in newcomer revenue from a same duration last year.

This brings total waste in a initial half of a year to RM769 million even as a airline pronounced which profit opinion for a second half of a year appears bleak.

Putrajaya insisted last month it had "no choice" but to implement a argumentative share barter as "if (MAS) continues to make waste as good as a supervision has to inject funds, then there will be even some-more anger."

Critics have indicted a bill carrier's boss of receiving value of a loss-making inhabitant airline to fuel his personal ambitions, a ultimate bein! g a merg er of English Premier League club, Queens Park Rangers (QPR).

The inhabitant carrier will sponsor QPR's home jersey for a next two seasons, whilst AirAsia's logo will be emblazoned upon a team's divided as good as third kits in a "multi-million pound" deal.