Ahad, 3 Februari 2013

Comments for Wee Choo Keong

Comments for Wee Choo Keong

Comment on Azahari Dahlan will not indulge in conspiracy by GE Man

Posted: 03 Feb 2013 08:07 AM PST

It is another conspiracy in the making by the pariah to take-over MAS after his last failed attempt by the ill-fated share-suap deal. Now the conspiracy of the pariah appears to take-over MAS component repair workshop by proxy thru … and control the supply of serviceable spares which is the blood line of MAS to keep it aircraft flying on-time and safely.

First only the Star publish it, which we all know how Star was the only newspapers that published the story. you all know just as much as I do.

The conspiracy theory is simple, the pariah parachutist bo(otak) head
with the collaboration of another pariah parachutist, certain member of the top management of MAS is proceeding with the JV with SRT to fulfil their solemn mission to crush MAS family forever as the impact of the JV is beyond the comprehension of the general employes.

The share-holding equity is MAS -20 % and SRT-80% that is under final negotiation between MAS and SRT on 28 Jan / 10 am /MAS hangar Subang and will continue on Tuesday / 5 Feb .

Another condition in this SRT-MAS JV is there is no job security or guarantee of employment of MAS staff in this JV !!

Recently Khazanah had sent over a SVP to MAS to be in charge of industrial relations. This could be the first step of retrenchment .Pencen awal la kita nampak nya…

Once agreement is inked, with only 20 % share holding , if SRT wants to, it could easily boot-off and sideline MAS/MAE as the Workshop will now be fully controlled by SRT. MAS will be paying thru their nose for any spare repair services rendered !!

With the Component Repair Workshop out of the its control, MAS will be a lame duck airline without proper spare parts support that has been the life-line of MAS to keep the airline high and mighty to be invited to join ONE WORLD, the family of world premier airlines.

It is not a coincidence that the pariah is still able to grab MAS thru proxy … and will not rest unless he controls the fate of MAS by hook or by crook????

Comment on Azahari Dahlan: Was SRT’s statement referring to a possible joint venture with MAS? by Kaladin

Posted: 03 Feb 2013 06:00 AM PST

And, Mr Isa – while we are on this topic, can you tell us what is your understanding of “route rationalisation”?

Should airlines be compelled to operate unprofitable routes?

To use Changi Airport as an example, if there are 1,000 weekly flights between Changi and Jakarta, with 16 airlines operating the sector, are all of them making profits on this route? Or are they “cross-subsidising” from their profitable routes?

Comment on Azahari Dahlan: Was SRT’s statement referring to a possible joint venture with MAS? by Kaladin

Posted: 03 Feb 2013 05:51 AM PST

Mr Isa

You claim that MAS was “forced to give away 96 profitable routes”.

Questions:

- how do you know that these routes were profitable? Do you have access to MAS’s internal costings, audit reports or yield analyses?

- if these routes were in fact profitable, then how is it that MAS kept incurring losses?

Did the government dictate MAS fares? Did it also dictate the fares of those airlines competing with MAS? How could MAS sell cheap fares when it had a bloated cost structure and overheads? What was MAS’s CASK and RASK? Did it benchmark it’s operating revenue and profit per employee against it’s full-service competitors (e.g. Cathay Pacific or SIA)?

Next, let’s address the issue of RM100 million in unpaid taxes. It’s presumed that AirAsia collected these on behalf of Malaysia Airports and/or the government. Was the alleged non-payments picked up in the audit reports on MAHB’s accounts and reported as material out standings? Was this detected by the Auditor General if the government was involved? Did either MAHB or the government institute legal proceedings to recover these alleged non-payments from AirAsia?

Ditto for the RAS subsidy of RM250 million. In the first place, how was this figure determined? Was it to ensure that the airlines “broke even” on the RAS or was it to ensure profitability on the RAS routes? Why weren’t legal measures instituted to ensure compliance or refunds? Since the subsidy was paid out of public funds, was this picked up by the Auditor General?

It would be enlightening indeed if all of the above were to be conveniently described as “bullshit”.

Maybe the unpalatable fact, that you refuse to admit, is that MAS lost it’s competitive edge and it’s mojo way before AirAsia appeared on the scene.

And if that isn’t a classic case of “denial syndrome”, then I don’t know what is.

Comment on Azahari Dahlan will not indulge in conspiracy by Melvin

Posted: 03 Feb 2013 05:09 AM PST

Hopefully that botak is not that stupid. Hopefully the botak will not pretend to be stupid. Hopefully the top management will knock some sense into the AirAsia’s botak head. Whose interest is the botak head looking after?

Comment on Azahari Dahlan: Was SRT’s statement referring to a possible joint venture with MAS? by Isa

Posted: 03 Feb 2013 12:30 AM PST

le batard

No need to be an expert to know how AA got to where it is today. The Sleepy/SlumberJack forced upon MAS to give away 96 profitable routes. When Chan Kong Choy was the MOT, Min of Transport was the second home of the pariah. AA got away with many things and MAS was not allowed to compete. Have you ever heard of MAS is unable to sell its fares below certain price – ceiling being placed upon MAS.

Can owe more than RM100 million airport tax and upon payment got a 20% discount. No bad being associated with the people close to the Sleepy Head isn’t it?

Not to forget about the RAS subsidy of RM250 million that was supposed for the operation of 2 years but it lasted a year and kept the rest of the subsidy. No bad lah! I also would like to be close to the Sleepy Head’s people to get this privilege.

Then be allowed to operate AAX long haul.

You call this competition? Stop trying to bullshit around. We know where you are coming from. Just another cybertrooper of the pariah.

Comment on Azahari Dahlan will not indulge in conspiracy by Halim MAS

Posted: 03 Feb 2013 12:08 AM PST

With Botak as CEO anyone can do better. It is just as simple as that. Even his own brother Fuad, the ex-CEO of MAS, has no confidence in him. Just a useless idiot.

If the joint venture means that MAS has only 20%, this bloody botak must be out of his mind. If AJ allows this, then AJ is no better.

Comment on Azahari Dahlan: Was SRT’s statement referring to a possible joint venture with MAS? by le batard

Posted: 02 Feb 2013 11:45 PM PST

Anon 9:31 pm

Tell me, Sir – are you an expert on the modus operandi of LCCs?

Why not ask your questions of aviation industry analysts like Brendan Sobie of CAPA or any of the investment bank analysts that cover the airline industry?

I am sure that our own home-grown aviation industry analysts in CIMB and Maybank IB would be happy to oblige if you asked them nicely!

To my simple, unlettered mind, “route rationalisation” means precisely what it says – rationalise routes that are not profitable.

Every airline in the world, that operates on a sound commercial basis, does it as a matter of course.

Of course, in a fairy tale “never never land”, airlines get to fly unprofitable routes and chalk up losses while doing so. Why should they worry when the public purse stands ready with bailouts and subsidies?

Comment on Azahari Dahlan: Was SRT’s statement referring to a possible joint venture with MAS? by le batard

Posted: 02 Feb 2013 11:37 PM PST

Anon 9:47 am

A quick check on the Wikipedia entries for KLIA and Changi Airport shows the LCCs operating at each airport.

Let’s do the tally:

KLIA: Air India Express, AirAsia (including AirAsia Philippines, Indonesia AirAsia, Thai AirAsia), AirAsia X, Bangkok Airways, Cebu Pacific, Jetstar Asia, Lion Air and Tiger Airways

Changi: AirAsia (including AirAsia Philippines, Indonesia AirAsia, Thai AirAsia), Air India Express, Bangkok Airways, Cebu Pacific, Firefly, Indigo, Jetstar, Jetstar Asia, Lion Air, Scoot and Tiger Airways.

To my simple mind, it seems that AirAsia has plenty of LCC competition at KLIA, including the “biggies” such as Cebu Pacific, Jetstar Asia, Lion Air and Tiger Airways.

It should also be noted that Firefly operates out of Subang Airport in KL – something that the airline is inordinately proud about.

As to why Indigo, Jetstar (the Australian offshoot) and Scoot are not operating out of KLIA,perhaps the question should be addressed to Malaysia Airports (MAHB). Perhaps CAG is doing a better job promoting Changi Airport than MAHB is doing for KLIA?

Maybe YB Wee could ask the hard questions of MAHB – like how is it that Changi Airport handled more than 50 million passengers last year? How is it that Changi hosts 109 scheduled airlines which make 6,544 weekly flights to 241 cities in 61 countries (Singapore Business Times, Feb 1, 2013)? How is it that LCCs accounted for over 25% of the air traffic at Changi last year, with nary a peep about “unfair competition”? Why is Changi boosting it’s capacity to 85 million passengers with the new Terminal 4 and upgrading of the existing terminals? How is KLIA going to compete with Changi, given that the latter is already “among the busiest and most connected international hubs east of Suez)?

And here’s something that YB Wee could perhaps raise with the Transport Ministry. This is prompted by a report “More flights, lower fares between S’pore, Indonesia) in the Singapore Straits Times on Jan 31, 2013.

It was reported that the Singapore and Indonesian governments “have agreed to allow their carriers to fly more often between Changi Airport and several Indonesian cities, including Jakarta, Surabaya and Medan”.

It was also reported that Indonesian airlines like Garuda and Lion Air have been allowed to fly from Singapore to other parts of Asia, pending approval from the Indonesian government.

The report noted that Singapore-Jakarta is Changi Airport’s busiest route, with over 1,000 weekly flights operated by 16 airlines. It is also the world’s second-busiest international air link after Hong Kong-Taipei.

(Question: what are the corresponding figures for the number of weekly flights and airlines on the KLIA-Jakarta route?)

The Straits Times report quoted Lion Air’s president director Rusdi Kirana as saying: “With more rights, we hope to double our dally Jakarta-Singapore services fromn 6 now to about 10 or 12…..From Singapore to Bangkok and Hong Kong are some markets we would be keen to explore.”"

Given the above, what will that do to the much-vaunted Mandala Airlines launch out of KLIA? At the time it was announced, there was much ballyhoo about how competition from Mandala would knock AirAsia off it’s peg.

It looks as if Mr Rusdi is playing the Changi card well and keeping his options way open.

Comment on DCA failed to withdraw the AOC of FAX / AirAsia X in 2007 (Part 3) by le batard

Posted: 02 Feb 2013 10:54 PM PST

Not really. Any investment banker or corporate lawyer who specialises in M&A (mergers and acquisitions) will tell you that there’s such a thing known as “due diligence”.

It is possible that AirAsia carried out a due diligence exercise on Batavia Air and discovered enough material to cause them to pull out of the deal.

Would AirAsia’s shareholders have expected the company’s management to do anything less?

Perhaps, to be on the mischeivous side, I wonder what will be uncovered if a potential acquirer (say airline X) carres out a due diligence exercise on MAS, including delving into MAS’s books and finances and all it’s corporate transactions?

Comment on Azahari Dahlan will not indulge in conspiracy by The Brainless

Posted: 02 Feb 2013 09:22 PM PST

If the joint venture is all about 20% for MAS and 80% for the foreign company then MAS can kiss and say good bye. What is AJ doing about this? MAS is suffering from paying million of Ringgit to keep the brainless management.

It is high time that brainless botak, AJ, Mat Nor, Azman Yahya, Don and a few others be booted out before it is too late.
Dicatat oleh di

Tiada ulasan:

Catat Ulasan

Langgan: Catat Ulasan (Atom)

Nuffnang