Tan Sri Azman Mokhtar & his many devoted crony,RashdanakaDanny
Now which a tip MAS-AirAsia share barter has been unwound by YAB PM, YAB Datuk Seri Najib Tun Abdul Razak upon 2-5-2012.
It contingency follow suit which all a appointments which were done after a pronounced tip share barter contingency additionally be terminated given those appointments were done underneath a sick suspicion out advice as well as an unjustified influence of those irresponsible personalities in Khazanah especially,En Mohammed Rashdan Yusof aka Danny(Rashdan), theTan Sri Azman Mokhtar(Amok)'s many devoted associate as well as ex-business partner inBinaFikir Sdn Bhd,inHERE.
After a a pronounced secretshare barter was unwound, came a prolonged awaited announcement of a departure ofTan Sri Tony FernandesandDatuk Kamarudin Meranun, both of whom have been fromTune Air Sdn BhdandAirAsia/AirAsia X Sdn Bhd,from a board of Director of MAS.
As a make a difference of course, all benefits enjoyed by bothTan Sri Tony FernandesandDatuk Kamarudin Meranunas a afterwards directors of MAS contingency be terminated right away on2-5-2012.
Yours indeed has been supportive by reliable sources which both of them have been still enjoying a special ignored transport costing only10%of whatever category when they have been travelling upon MAS. It is usually satisfactory which such benefits cannot be accorded to both of them as they were put upon Board of MAS by Khazanah by trait of their shareholding in MAS.
En Ahmad Jauhari Yahya (AJ), a Group CEO, is duty bound to right away cancel all such benefits which were accorded to ex-directors of MAS. If we were to go by AJ's standard of managing MAS where he is not usually condoning though went all out to protect Rashdan'sabused of energy by a upgrading his maid as well as baby to First Class Cabin,which wascontrary to MAS Policy, additionally inHERE, afterwards these dual former directors from AirAsia will no disbelief lift upon to suffer a ignored First Class transport to London to watch theQPRgames.
As distant as AJ is concerned when it comes tomattersrelated to AiraAsia/AirAsia X, MAS is notBLEEDING. MAS is onlyBLEEDINGwhen it involves staff benefits as well as slicing of specific routes toJB/Kuching/KK (Firefly), Surabaya (MAS), Bandung (MAS) as well as Sydney (MAS).
NowAirAsia Xhas a monopoly to operate a essential routes toSurabayaandBandungand a fares as well as frequencies have additionally been increased. MAS deserted a right to a additional route to Sydney, AirAsia X was able to enhance a operation to Sydney. Thanks toAJandRashdan, Amok's many rusted crony, as well as of course,Mr Shane Nollantoo.
MYCCshould additionally investigate in to a slicing of routes by MAS generally to Surabaya as well as Bandung as it is a transparent case of gloomy competition, inHERE&HERE.Dr Wafi, Head of Legal Department, sudden resignation might be due to a probable contravention of theCompetition Act, 2010.
En Rozman Omar, former AA Head of Finance, right away CFO of MAS
Puan Zaharah Zaid, Head of Human Capital of MAS
Therefore,Khazanah/Amokmust take evident actions to means theIMMEDIATEtermination ofAJas a Group! CEO,Rashdan, a Amok many devoted crony, as Deputy Group CEO,Mr Shane NollanofPlaneConsultas a Acting Commercial Direc! tor,En Rozman Omar as CFO,EnAzhari Dahlanas Head of Engineering,Puan Nor Zalida Ahmadas Head of Strategic Comm,Puan Zaharah Zaidas Head of Human Capital as well as PlaneConsult,inHERE&! < span style="color:blue;margin-bottom:0px;margin-left:0px;margin-right:0px;margin-top:0px;padding-bottom:0px;padding-left:0px;padding-right:0px;padding-top:0px">HERE.
The Board of Directors namely,Datuk Azman YahyaofSCOMIfame,Datuk RohanaofASTRO,Datuk Krishnan TanofIJM,Tan Sri Wan Azmi Wan HamzahofLandmark, all of whom have zero believe about aviation attention as well as were additionally allocated after a tip share barter should additionally be terminated forthwith, inHERE.
Tan Sri Md Nor Yusof, a Chairman of MAS, can be spared for a moment as he was allocated several days prior to a tip share swap.
In any event, a effect of their appointment to a Board of Directors of MAS have been questionable. As distant as yours indeed can remembers, until this date there was noEGM/AGMheld by MAS to appoint them. Under theCompanies Act, directors can usually be allocated by EGM or AGM of MAS generally when a aged Board of Directors have resigned rught away after a tip share barter was entered into. Perhaps Amok as well as his Khaznah "dunggu" might want to illuminate us upon a legality of a appointment of a existent members of a Board of Directors of MAS.
Quite frankly, with all a controversies in MAS after a share swap, zero performance for a past9 monthsafter their controversial appointment, their sick suspicion out decisions to extend a contracts of Mr Shane Nollan, PlaneConsult, condone Rashdan's abused of power, publicity of a extremely low fares charged toAirAsia Xfor fortifying of a 35,000 passengerspriorto as well as after theRe-Acccomodation Agreement,also inHERE,and their bullheaded blindness to what have been function in MAS,Datuk Azman Yahya, Datuk Krishnan Tan, Datuk Rohana as well as Tan Sri Wan Azmi Wan Hamzahshould take a hon! est stai rs to rught away tender their particular resignation as well as get out of MAS gracefully prior to ! they have been forced out of MAS in disgrace.
Mr Shane Nollan of PlaneConsult, En Rozman Omar, En Azhari Dahlan, Puan Nor Zalida AhmadandPlaneConsultare sinister with conflict of seductiveness as they were without delay or indirectly connected toAirAsia, inHEREandHERE.
Yours indeed has been supportive which after a MAS unions have been given thetwo day noticeto yield proposals of how to spin around MAS to a Board of Directors,MESAin their offer clearly settled which all those which were allocated after a tip share swap, including a Board of Directors, contingency be removed from MAS as a single of a spin around plan for MAS.
Just a little bit of credentials information.BinaFikir Sdn Bhdwas a expert as well as brainchild of a failed Project well known as"Widespread Asset un-Bundling"aka"WAU". It was underneath WAU which MAS sole many of a profitable resources to lift money for a operation. It was item stripping. As a result of WAU, 70% of a equity inMAS Catering Sdn Bhdwas sole to Gubahan Saujana Sdn Bhd, a association owned by a brother of a former PM,Datuk Ibrahim garbage bin A! hmad Bad awi. Thereafter, MAS come in in to a lop-sided agreement withMAS Catering Sdn Bhd,now well known asLSG Sky Che! f Brahim 's Sdn Bhd,to yield food reserve as well as cabin services for twenty-five years. Your indeed believes which this had to be a longest agreement ever entered in to a aviation industry. It should be recored in a Guinness Book of Record. This lop-sided agreement cost MASRM6.25 billionand aboutRM270 milliona year, inHERE. No consternation MAS isBLEEDING!
The Deputy Minister of Finance,YB Senator Datuk Donald Lim, is still carrying problems in obtaining a elementary answers upon a consultancy fees charged by BinaFikir Sdn Bhd as well as a twelve companies concerned in a MAS fuel hedging waste totalingRM3.3 billion, inHERE. This afternoon, yours indeed has received a fax copy of a answer which did not yield a cost of a consultancy fees as well as a name of a twelve companies. Why were these report hidden with secrecy? May be a BinaFikir Sdn Bhd's consultancy fees was by a hundred of million Ringgit as well as a twelve companies will unprotected certain personalities.
Anyway Parliament will embark on12-6- 2012. Yours indeed will aspire to these matters until those little Napoleons in Khazanah give a informations to Parliament. If you have any specific questions for Parliament, please let yours indeed have it before18-5-2012, a due date for submission of Parliamentary Questions. Just pose your due questions as a comment here. < div> AJ as well as Rashdan, a Amok's many devoted associate as well as who was inextricable with shameful abused of power, have been focussed in wanting to dispose off"NON-CORE ASSETS"of MAS as partial of their sick suspicion outBUS INESS PLAN. Now which a pronounced tip share barter has been un-wound, they were still trying to do it by approach out corner try companies underneath a secretSupplementary Collaborative Agreementand twoMOUs.
Before AJ as well as Rashdan, a Amok's many devoted crony, could mental condition about carrying out their sick suspicion outBusiness Plan and/orthe secretSupplementary Collaborative Agreementand/or two"MOUs", yours indeed call upon a Government to review what a former MD of MAS had got to say about what had happened in MAS.
Please see below:
SHARE SWAP BETWEEN MAS AND AIR-ASIA AND ITS IMPLICATIONS
By Former MASManaging Director
5 April 2012
Recently MAS as well as Air-Asia entered in to an agreement to barter shares. In effect Air-Asia has dual member upon a Board of MAS. Many quarters questioned a pierce to barter shares in view of a actuality which a agreement would means inauspicious implications to MAS.
Some of a implications have been as follows:-
(i) The many critical problem confronting MAS is a necessity of supports to finance a purchase of Airbus 380 as well as B737-800 aircraft. It is alleged which a sum volume required is RM12 billions.
The Government ! as a vit al shareholder has to play a heading role in a routine of account raising.The stream government is proposing to lift supports by a sales of movable resources in engineering, cargo, precision as well as belligerent handling. These departments will be underneath apart joint-venture companies as well as MAS will not be in finish carry out of those companies.It means which MAS will have to outsource those services. The peculiarity of a sum MAS services will be adversely affected. Employees' reactions to a pierce will affect a operations adversely as well as it will take a prolonged time to come behind to normal. The image of a airline, will additionally be adversely affected in a process.
(ii)MAS has over a years grown a Engineering capabilities to a really tall level.The facilities as well as apparatus have been comparable to any of a most appropriate outfits in a world. The imagination is additionally comparable to any alternative identical organization in a world.
The stream management's pierce to sell a little of a engineering resources as well as to change a government structure is a negative step as well as should not be proceeded with. MAS should be authorised to go on with a objective of making a engineering capabilities to be of universe category as well as famous by a aviation attention world-wide as well as in a routine engineering will become a vital income earner from third party commercial operation contributing to a profitability of a airline.
(iii) The share barter in in between AirAsia as well as MAS does not give any value to MAS. The modes of operations of both airlines have been opposite as they have been upon opposite commercial operation models. In actuality a agreement is suicidal to MAS as it has to contest against Air-Asia upon a same routes with a disadvantaged commercial operation model. Under a arrangement, AirAsia operates low transp! ort whil e MAS operates premier services. This agreement is suicidal for MAS in view of a actuality which a markets they have been competing in, have been low transport cost supportive markets.
The resolution is for MAS to yield both premier as well as low transport services. This can be done so which MAS can contest against AirAsia fairly. It is a make a difference of making a little adjustments to a conditions as well as conditions of carriage as well as making a little changes to a handling procedure. MAS should be able to prevail in a competition.
iv) The share barter in in between Air-Asia as well as MAS resulting in a appointments of member of Air-Asia upon a Board of MAS was a critical mistake as well as should be revoked.Air-Asia as well as MAS have been still in foe upon roughly all a MAS routes as well as it is highly irregular to have a airline's opponents making vital decisions for a company's own operations. Air-Asia has underneath a agreement concluded to say their aircraft during MAS facilities in effect of a share swap. This agreement is in actuality for mutual good as Air-Asia is given enlightened rates. Even if there was no share swap, it would be in a seductiveness of Air-Asia to say their aircraft with MAS as differently AirAsia will have to say their aircraft with SIA whose rates have been no improved than MAS. Without a share barter a dual airlines can still cooperate for mutual benefit.
(v) The stream government has taken stairs to pierce staff from Area A during Subang Airport to KLIA. The staff concerned (a sincerely large number) have been really unhappy as it means which they have to renovate everything, relocating residence to Sepang as well as this will means severe hardship to them.
It is due which such a pierce should be stopped. Instead given a land in Area A is to be used for a little purposes, a staff there should instead be changed to Area B as well as not! to KLIA .
CONCLUSION:
1. In effect of a pierce to barter shares in in between MAS as well as Air-Asia, a airlines have to face changes which have been affecting MAS adversely in many aspects. It is endorsed which thearrangement be revoked.
2. Currently a staff spirit is really low as well as movement should be taken to urge a incident quickly. The membership of a Board as well as a comparison government contingency be carefully thought about as well as reconstituted. People with tall integrity, a right knowledge, knowledge as well as with a inhabitant seductiveness during heart, should yield a care of a organization as shortly as possible.
3. There have been many critical issues which need to be solved upon an urgent basis. The many pressing issue is a monetary aspect. The Chairman of a association pronounced which a association was really sick as well as needed urgent treatment, while a Managing Director additionally pronounced which unless a monetary incident was fixed fast, a association would be bankrupt soon.It is thus a critical incident as well as a government contingency right away be concerned in resolving a problem.
4. The trade rights accessible to a inhabitant conduit should be examined. It appears which a little carriers generally those from a Middle East have been enjoying trade rights during a expense.They have been practising a illegal carriage of 6th Freedom trade during a expense. This is a really critical intrusion in to a company's commercial operation opportunity. This issue should be carefully thought about fast with a benefit of a government. In a context of a stream competitive environment, movement contingency be taken fast to conclude in effect vital alliances with alternative carriers where relevant.
5. It shoul! d be rem arkable which a stream government is right away actively intent in negotiating a sale of resources in engineering, precision etc. It is critical which a activities be dangling rught away differently it will be as well late to take calming measures. The due formation of joint-venture companies relating to engineering, precision etc. should additionally be dangling prior to it is as well late.
In conclusion, yours indeed would like to congratulateTan Sri Bashir Ahmad Abdul Majidfor theextension of his reign as a MD of MAHB for an additional year. Very sorry for a little characters who have been so focussed of wanting to get absolved of Tan Sri Bashir from MAHB for their own greedy reasons. Yours indeed additionally goal thatTan Sri Bashir Ahmad Abdul MajidandTan Sri Aziz Abdul Rahmanwill shortly come upon board of MAS to not usually stop a cannibalisation of MAS though really spin around MAS once as well as for all, inHERE.
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