Isnin, 7 November 2011

Comments for Wee Choo Keong

Comments for Wee Choo Keong

Comment on Dep MOF: SC and Bursa KL have commenced investigations into insider trading and non-announcement of the secret MAS – AirAsia share swap by Rosli from MAS

Posted: 07 Nov 2011 06:25 AM PST

Old Man

The MAS staff and other Malaysians are with you. You are spot on with the write up. Thank you for enlightening us. Syabas! screw that LIAR. The liar of the worst kind.

Comment on Dep MOF: SC and Bursa KL have commenced investigations into insider trading and non-announcement of the secret MAS – AirAsia share swap by Old Man

Posted: 06 Nov 2011 07:18 PM PST

/You are nothing more than an unscroupulous greedy LIAR.

Old Man

Comment on Dep MOF: SC and Bursa KL have commenced investigations into insider trading and non-announcement of the secret MAS – AirAsia share swap by Old Man

Posted: 06 Nov 2011 07:16 PM PST

Tony, Tony, Tony, I wish you would stop all the lying and twisting the facts. Your recent statement that AK did ot benefit from FAX subsidies is an insult to the intelligence of many. Your mother is turning in her grave with all the lies you are spewing out.

Lets study the facts:

1. RAS was awarded to AK to operate.

2. AK sub-contracts it to FAX making FAX the sole operator of RAS

3. The material shareholders of FAX are the same as AK.

4. FAX charges AK for operating RAS with a overrider to cover its other “expenses” including such above board items as financial charges etc.

5. AK claims from the Government subsidies to cover the losses incurred by FAX also with a “little” on top to cover AK administratives and other costs.

6. So in effect, neither AK nor FAX sufferred any losses for operating RAS because the Government undewrites the losses.

7. When MASWings operates RAS, MASWings only receives subsidies from the government to cover their operating losses i.e.total cost less revenue and other expenses that will not be born by the Government.

8. MASWings operates RAS with newer equipment, at far superior service, with more frequencies and destinations. These are all at a higher cost now.

9. The subsidies received by MASWings is only HALF of the amount you received.

From the above, one can only conclude that the “charges” over and above the base costs makes up at least half of the amount claimed.

So one can also conclude that MASWings is more competent than FAX to operate RAS.

You are now spinning that AK did not benefit from the subsidies and it was FAX. We are playing with semantics here.

Froms the facts above, one can also conclude that some of the residual “losses” incurred as a result of winding down by FAX is nothing more than the cost of you folly. ifor one do not believe that you dis not factor this in your claims to the Government.

I would like to remind you that during the time you were pitching for RAS, you declared so proudly that AK can operate RAS at a better service profitably because your low cost model fits it well. You hoodwink the states promises into backing your demand for RAS. In the first place it was AK how come it became FAX, water under the bridge of course.

Lets face facts, it was never your intention to operate RAS in the first place. You went for it as a means of getting an AOC. Well getting the ever so precious AOC is not a benefit, what is?

Having 9,000 staff who carried 130M pax and won numerous awards does not make you a saint. It has no relevance to the subject at hand i.e. the MYR249M subsidies received by FAX to cover losses.

You, I and many knows that passing the AG’s Office audit is by no means a measure of the rightiousness of raw deal everyone else got out of this.

I would like to also remind you of how you also once proudly declared that the Government was being unfair to you and that MAS thrives on Government protection and subsidies.

You are a nothing more than an unscroupulous greedy
Iiar.

Comment on Hutang ALWAFEER AIR lebih dari RM60 juta! by Razak of MAS

Posted: 06 Nov 2011 10:36 AM PST

Alwafeer Air is a clear example of the leakage in MAS done by the Panamera Deadwoods in MAS. The heads of Engineering and Business Development Department must must be properly investigated. The government must call in MACC to investigate into this big scandal which will fix MAS leakages.

YB you are almost correct in your analysis as stated in your Notes.

There was no proper due diligent done before signing the rental agreements.
Professional advice in MAS was totally ignored.
During the negotiations stage Alwafeer has no Air Operation Certificate (AOC).
MAS provided technical and operation advice to get the AOC
Pilots and air hostesses were sent without proper protection resulting in wages not paid. Hence working “part time” at night.
The cost of this leakage was not RM60 mil as provided by the management. It was more than RM60 mil. Easily double this figure.
Etc, etc.

The leakages were committed by the Panamera Deadwoods brought in and left behind by all the 5 MDs after Tan Sri Aziz.

YB please press on for a in dept investigations by MACC to help MAS to fix the leakages. We have been working our guts out for MAS and the scoundrel just waste MAS revenues for their personal gains.

.
.

Comment on Hutang ALWAFEER AIR lebih dari RM60 juta! by MAS Troubleshooters

Posted: 06 Nov 2011 05:54 AM PST

Thank you friends.
We have received good feedbacks on our Blog and many queries on the MAS Management Buyout.

Please read our latest revelation today @
http://mastroubleshooters.blogspot.com/
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