Perjanjian MAS, AirAsia batal?

by weechookeong

Tan Sri, who is your "winner" in the secret share swap?

Yours truly has read an interesting article in Utusan today at page 18 entitle “Perjanjian MAS, AirAsia batal?”. It said “sebelum ini, pertukaran saham antara syarikat penerbangan itu menimbulkan banyak polemik sehingga Suruhanjaya Sekuriti (SC) dan Bursa Malaysia terpaksa menjalankan siasatan.” The most interesting of all is “… bahawa kerjasama hanya memberi keuntungan besar kepada AirAsia.” (“… that the said co-operation only benefited AirAsia.”). Please read  inHERE, HERE, HERE, HERE & HERE. 

For a start, the original main objective of Firefly was changed by a stroke of a pen by Tan Sri Azman Mokhtar’s crony and ex business partner in BinaFikir Sdn Bhd, En Mohammed Rashdan Yusof aka Danny.

Firefly was set up by YB Senator idris Jala to complement MAS in competing with low cost carriers like AirAsia Bhd and AriAsia X Sdn Bhd.  Hence, the first few things Tan Sri Azman Mokhtar’s crony, Rahsdan, did were the cancellation of Firefly full load flights during the recent Raya season, termination of its profitable route from JB to KK and Kuching on 25-8-2011 (2 weeks after the secret MAS-AirAsai share swap was inked by Tan Sri Azman Mokhtar). Then came the termination of MAS profitable route to Bandung leaving only AirAsia to operate from KL, termination of MAS routes to KK and Kuching and so on. Please read HERE.

A less than 7 days after the said secret share swap was inked, Tan Sri Azman Mokhtar’s crony, Rahsdan, rushed to London to sponsor QPR home jersey for RM18 million for 2 years.  This was done at the time when according Rashdan and his master, Tan Sri Azman Mokhtar, MAS was bleeding and needed help badly!  During the press conference, Tan Sri Azman Mokhtar’s crony, Rashdan, was flanked by AirAsia’s stewardess in red uniform. None of MAS stewardess was seen at all. This was how Tan Sri Azman Mokhtar’s crony, Rashdan, was promoting MAS! May be he thought that it was the main spirit of the secret share swap and CCF that he had to promote only AirAsia and/or what are connected to Tan Sri Tony Fernandes. Please read HERE, HERE & HERE.

For your information, Genting sponsored a Aston villa a better team for home and away jersey for only RM17 million for the same 2 years period. Of course, Tan Sri Tony Fernades is the co-owner of QPR. So now we should understand why Tan Sri Azman Mokhtar’s crony, Rashdan, has been doing so far.

Despite Firefly has been doing well and its staff being paid up to 8 months bonus during YM Tengku Azmil’s time, the newly crowned Group CEO En Ahmad Jauhari Yahya (AJ) has the cheek to inform parliamentary Public Account Committee (PAC) in November 2011 that Firefly was making losses to the tune of RM89 million. Was this the new creative accounting technique hatched out by MAS advisors that AJ has acquired after joining MAS? Please read in HERE.  

The Sabah Government was very upset by the move by Rashdan to terminate the services by MAS and Firefly to Sabah. Please read HERE.  This has prompted YAB Datuk Seri Najib Tun Razak, the Prime Minister,  to step in to instruct MAS to resume the KK and Kuching routes.

Yours truly would like to ask the Tan Sri Azman Mokhtar and his crony, why was there a necessity for MAS to employ ex AirAsia high ranking officers like En Azhari Dhalanto head MAS Engineering and En Rozman Omar the CFO of MAS.  Please read HERE.

Why MAS Engineering? Why Chief Finance Officer?  We all know what are the game plans of the cronies.  Yours truly will leave this subject matter to the next posting.