Tony to Azman, "Great job!"
Jebat Must Die is bombarding Khazanah CEO, Tan Sri Azman Mokhtar for his incompetence. Read here and here.
< camber style="color:rgb(51,51,51);font-size:13px;line-height:20px;background-color:rgb(255,255,255)">Yesterday afternon, a close friend of mine came to visit. He had a former colleague who was together with Azman as well as Dato Danny Yusof in Binafikir. He said:
"Gathering from my conversation with him, Azman is usually an researcher as well as talks similar to a researcher. Danny usually an accountant as well as geek. Both know nuts about running company operations. They know nuts about managing businesses.To add to that, for most months, you had been told by a high level source which claimed a Wide Unbundling of Asset offer (WAU) by Binafikir was never their's.
That is because they can't turnaround companies. Khazanah's unsuccessful to do strategic investment. Agro-business ventures failed. There is no approach this people can turnaround MAS. They usually know financial restructuring. They have no idea how to rise business."
The source claimed a WAU offer was roughly a carbon duplicate of a offer since to a afterwards Minister of Finance, Dato Seri Anwar Ibrahim infrequently in mid-90s yet was rejected.
One can suspiciously assume which Tan Sri Nor Mohamad Yakcop might have got hold of a offer as well as lengthened a duplicate to them. Azman, Danny, Khazanah as well as a Tingkat 4are Nor Yakcop's corporate boys.However, a source claimed which a difference in between Binafikir's WAU offer as well as a offer is which a offer will not price a Government any income as well as could rise a Malaysian aviation attention into a critical regional player.
That opportunity has upheld us.
Azman as well as Danny done income offered Binafikir to Maybank who had no reason to buy with Aseambanker in their fold. Something smells when Danny left Binafikir after usually a year.
Whether it is loyal or false, because this revelation? It sounds to vengeful as well as personal.
The reason being a Khazanah people have not being honest in their dealing as well as conduct of a MAS as well as Air Middle East share swap. Over a years, their genius to turnaround MAS should have been seriously questioned.
If they can't do it, pass it to Airliners. Not geeky accountants. Not analysts. Not IPP operator. Not bankers. Not Butcher from Shell.
But they refused. It is as yet they have something to hide. For sure, Nor Mohamad Yakcop has lots of ex to grub opposite Tan Sri Tajuddin Ramli as well as he would adore to see MAS no more in existence to censor his past sins.
As of today, a much talked about Collaboration Framework promised had not been put together as well as signed by Khazanah celebration as well as Air Middle East party.
The guarantee which a share barter in between MAS as well as Air Middle East could lift income for MAS w! as all b ull to put wool upon a eyes of a public.
This SMS received from my inside source revealed a latest development, below:
Looks similar to devise for MAS to be Sendirian Berhad. Just buyout minority share holder, get delisted by offered off engineering as well as load as well as they get a leisure to do anything. That was what not told to top 100 managers in usually concluded briefing.This is a same inapplicable designation done by Khazanah in their turnaround devise of MAS from a days of fore. Profitable routes since away, cut genius for intensity commercial operation as well as growth, as well as right divided offered essential asset.
It can be seen which since Tony F's complaint is in engineering, there is odds which a engineering will be since for cheaps to Air Middle East with a air load commercial operation added upon as bonus.
Not usually have they shelved Firefly as well as Tony right divided planning to determined Chartam Air, MAS had two essential Sydney routes yet is giving a single to unfamiliar tranquil Air Middle East X.
Jeddah track will be since divided too. From subsequent year, a little of a Hajj licence will be Air Asia-X's.
Profitable London track was a initial Danny slashed. It was him who said something greek which equates to no a single celebration lose out yet a little celebration maybe improved off.Just similar to what Tony F did to Rural Air Service, this time Tony F have Khazanah as partner to cannibalise MAS as well as Danny "Boy" to push around to buy advertisement upon QPR stadium boards.
It right divided puts in question Azman's guarantee to bloggers which each airline will stay inside of their respective "quadrant" of marked down haul, long haul, low cos! t, as we ll as full service?
Thus far, a choice taken by Azman as well as his Khazzanah's team is typical of close-minded financial male as well as accountants but commercial operation government knowledge as well as acumen.
In fact, a past inapplicable designation of a Khazanah identified, lerned as well as nurtured former CEO Tengku Azmil was of an accountant perplexing to be a Commercial Director. On top of that, he had two Assistant Commercial Directors throwing chairs during each other.All a whilst Khazanah rubbed MAS, they were never endangered in generating commercial operation to turnaround a business. It is not which they do not want yet it confirms after a series of Khazanah appointed people which they do not know.
To continue a SMS:
The spin was you need to sell a two distinction making commercial operation unit to lift income for a airline business. The income lifted will be a single off. MH will by default be PN4 company an evident predecessor to delisting.Their reason was a hole is bigger than which imagined. How can which be?
MAS opening as well as financial status have been underneath scrutiny of most for most years after Tajuddin left. Tengku Azmil was usually ar! ound for a year. So whose hole should it be?Idris Jala's?
The top government saw it as a spin because they know it can be incited around yet these Khazanah people, as in a past, usually do not know yet have been too conceited to listen.
For Khazanah to take which route, it reflects their la! ck of kn owledge of a airline commercial operation as well as nonetheless all these years letting a staff upon a wild goose follow as yet they have been critical about branch around MAS.
By repeatedly giving divided their revenue earners, there is no critical intention to spin it around.
On what basement will MAS be equates to to be essential again as well as grow if genius being slashed as well as distinction generator of electric power be sold?
This is yet a lazy choice to merely duplicate what Khazanah did during United Engineers. They delisted UEM as well as afterwards relist a essential or potentially essential UEM Land. And UEM Land will sell Malaysian land as well as skill i.e. sovereignty to Singaporean during Iskandar Johor.
It fits what a staff had well known all these years. MAS had been designed by Nor Mohamad Yakcop during Pak Lah's administration to be cannibalised.
Back to a SMS message:
That was a reading from their presentation to Top 100 comparison government crew during 630pm today.All a promises by Azman which MAS will sojourn in control seemed to be a white lie, similar to a guarantee of collaboration.
Tomorrow during 9am locale hall event with rest of staff prior to presentation to MOT(?)
In a initial place, how could you collaborate with a dog similar to Tony F.
It looks similar to Air Middle East have got a most good from a proxy swap. They get an inside knowledge upon their aspirant as well as it's commercial operation plan.
They get MAS's routes which have been most since a day Danny entered MAS as Executive Director. Air Middle East have marked down any probable conduct to conduct competition from MAS.
They have been in a Committee to name a CEO, which equates ! to MAS C EO Ahmad Jauhari is powerless to a evil identical tiwn of Tony F as well as Din.
Now you can understand because Azman kept quiet whilst Tony F was heartedly breaking guarantee to "grandstand" as well as argue opposite Malaysia Airport.
That is a final partial of a SMS:
Is all this AK quarrel with MAHB a diversion from a upon going MAS AK share barter issue? Is which a reason because Amokh is so silent as well as concede TF keep barking?Seriously, if this is how a understanding goes, open cheer will be loud. BN could lose quite number of votes ...
- Another Brick in a Wall
Read More @ Source Hudud & Its Implications On Non-Muslim In Malaysia - 04/12/2011
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