AirAsia MAS together after all.
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Ladies & gentlemen, try as you may it looks like you ain't gonna get even a squeak out of MAS pilots. Heads in the sand, mapa is super great and all posters about the mothership on pprune are deemed to be uninformed trolls. That's their rationale; they love everything in-house despite a history of incestuous relationships between the in-house union, associations and the management. Those who had seen how the mapa exco members behaved and operated decades ago know their inner desires, grandiose plans and general competence.
The cosy relationship of tf with the crooks in our governing establishment can only mean bad things for MAS. No amount of positive spin can detract from notion that this a blatant bail out plan for Air Asia.
The cosy relationship of tf with the crooks in our governing establishment can only mean bad things for MAS. No amount of positive spin can detract from notion that this a blatant bail out plan for Air Asia.
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No squeak, no speak ( pronounced " no speeark " )
Here is my little squeak, albeit taken from somewhere else :
Don't cry for me Mas Malaysia truly Air Asia!
Seriously read this and see if you can find any positive things to say:
Azmil out of MAS in share swap with AirAsia
UPDATED @ 11:15:05 PM 09-08-2011
By Jahabar Sadiq and Lee Wei Lian
August 09, 2011
(L-R) Datuk Kamarudin Meranun, Tan Sri Azman Mokthar, Tan Sri Md Nor Yusof, Tan Sri Tony Fernandes, Mohd Rashdan Mohd Yusof and Datuk Sri Nazir Razak at the MAS-AirAsia signing ceremony today. — Picture by Jack Ooi
KUALA LUMPUR, Aug 9 — MAS managing director Tengku Datuk Azmil Zaharudin lost his job today after the airline’s shareholders finalised a share swap with Asia’s largest low cost carrier, AirAsia.
The Malaysian Insider understands that an executive committee led by Tan Sri Md Nor Yusof will manage the state carrier until a new CEO is appointed while day-to-day operations will be handled by Khazanah Nasional Bhd executive director and MAS board member, Mohd Rashdan Mohd Yusof.
The executive committee will comprise of Datuk Mohamed Azman Yahya, Rashdan, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun.
Azmil will join Khazanah as an executive director effective September 12, 2011.
Under the share swap, AirAsia’s main shareholder Tune Air Sdn Bhd will swap 10 per cent stake in the budget carrier for 20.5 per cent share of the ailing flag carrier in the agreement called a “Comprehensive Collaboration Framework.”
Before the share swap, Tune Air was the biggest shareholder in AirAsia with 26.28 per cent stake while Khazanah held a total of 69.33 per cent share of MAS.
The MAS board will also see some new faces, namely Land & General Bhd founder, Tan Sri Wan Azmi Wan Hamzah, former IJM chief executive Datuk Krishnan Tan, Astro chief executive Datuk Rohana Rozhan and David Lau from Shell Malaysia, who will act as independent non-executive directors.
Fernandes and Kamarudin, on the other hand, have been appointed as non-independent non-executive directors of MAS.
Rashdan, popularly known as Danny, was part of the BinaFikir consultancy that engineered the wide asset unbundling (WAU) restructuring that made MAS a virtual airline in 2002. BinaFikir was then led by Tan Sri Azman Mokhtar, who is now managing director of Khazanah, the majority shareholder in MAS.
CIMB Bank was appointed as advisor to the deal.
CIMB Group CEO Datuk Seri Nazir Razak said at the press conference that the collaboration would align shareholders and create synergies between the two airlines.
He added, however, that there is no commitment to collaborate until an analysis is completed to ensure that the deal does not contravene any global anti-trust laws.
The collaboration agreement comes into immediate effect for a period of five years with an option for a further five years.
The two airlines will also share common directors as Tan Sri Tony Fernandes, Datuk Kamarudin Meranun, Azman and Rashdan will be members of both boards.
Tony Fernandes called the deal “something very special” today. — Picture by Jack Ooi
Malaysia Airlines chairman Nor Yusof said that no timeframe has been determined to appoint a new CEO but a search is ongoing.
He said that Tengku Azmil was being replaced as CEO as they were looking at a new approach for the national carrier and therefore needed a new team.
A joint collaboration committee will be chaired by Azman while an advisory panel chaired by former prime minister Tun Abdullah Ahmad Badawi will be set up to ensure that all parties operate in the interest of the public and consumers.
Fernandes said that the tie-up between the two airlines was a “fantastic step forward.”
“I assure the Malaysian public that this is something very special,” he said.
“I hope you (Malaysia Airlines staff) will now take down my picture with all the darts on it,” he quipped in reference to the traditional rivalry between the two carriers.
He added that the airlines would not scale back their respective plans for expansion.
Azman said that the two airlines will remain separate with separate brands and cultures.
“The idea is for the two airlines to focus on core competencies,” the Khazanah managing director said.
Nazir said that the swap price used was the closing prices for the shares on August 5 which gives a swap ratio of 2.05.
“It is a coincidence as the deal was also done at 2.05 am at One World Hotel (in Bandar Utama) on Sunday,” he revealed.
Under the deal, MAS shareholders would get one AirAsia warrant for every 30 MAS shares while AirAsia shareholders would get one MAS warrant for every 10 AirAsia shares.
Don't cry for me Mas Malaysia truly Air Asia!
Seriously read this and see if you can find any positive things to say:
Azmil out of MAS in share swap with AirAsia
UPDATED @ 11:15:05 PM 09-08-2011
By Jahabar Sadiq and Lee Wei Lian
August 09, 2011
(L-R) Datuk Kamarudin Meranun, Tan Sri Azman Mokthar, Tan Sri Md Nor Yusof, Tan Sri Tony Fernandes, Mohd Rashdan Mohd Yusof and Datuk Sri Nazir Razak at the MAS-AirAsia signing ceremony today. — Picture by Jack OoiKUALA LUMPUR, Aug 9 — MAS managing director Tengku Datuk Azmil Zaharudin lost his job today after the airline’s shareholders finalised a share swap with Asia’s largest low cost carrier, AirAsia.
The Malaysian Insider understands that an executive committee led by Tan Sri Md Nor Yusof will manage the state carrier until a new CEO is appointed while day-to-day operations will be handled by Khazanah Nasional Bhd executive director and MAS board member, Mohd Rashdan Mohd Yusof.
The executive committee will comprise of Datuk Mohamed Azman Yahya, Rashdan, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun.
Azmil will join Khazanah as an executive director effective September 12, 2011.
Under the share swap, AirAsia’s main shareholder Tune Air Sdn Bhd will swap 10 per cent stake in the budget carrier for 20.5 per cent share of the ailing flag carrier in the agreement called a “Comprehensive Collaboration Framework.”
Before the share swap, Tune Air was the biggest shareholder in AirAsia with 26.28 per cent stake while Khazanah held a total of 69.33 per cent share of MAS.
The MAS board will also see some new faces, namely Land & General Bhd founder, Tan Sri Wan Azmi Wan Hamzah, former IJM chief executive Datuk Krishnan Tan, Astro chief executive Datuk Rohana Rozhan and David Lau from Shell Malaysia, who will act as independent non-executive directors.
Fernandes and Kamarudin, on the other hand, have been appointed as non-independent non-executive directors of MAS.
Rashdan, popularly known as Danny, was part of the BinaFikir consultancy that engineered the wide asset unbundling (WAU) restructuring that made MAS a virtual airline in 2002. BinaFikir was then led by Tan Sri Azman Mokhtar, who is now managing director of Khazanah, the majority shareholder in MAS.
CIMB Bank was appointed as advisor to the deal.
CIMB Group CEO Datuk Seri Nazir Razak said at the press conference that the collaboration would align shareholders and create synergies between the two airlines.
He added, however, that there is no commitment to collaborate until an analysis is completed to ensure that the deal does not contravene any global anti-trust laws.
The collaboration agreement comes into immediate effect for a period of five years with an option for a further five years.
The two airlines will also share common directors as Tan Sri Tony Fernandes, Datuk Kamarudin Meranun, Azman and Rashdan will be members of both boards.
Tony Fernandes called the deal “something very special” today. — Picture by Jack OoiMalaysia Airlines chairman Nor Yusof said that no timeframe has been determined to appoint a new CEO but a search is ongoing.
He said that Tengku Azmil was being replaced as CEO as they were looking at a new approach for the national carrier and therefore needed a new team.
A joint collaboration committee will be chaired by Azman while an advisory panel chaired by former prime minister Tun Abdullah Ahmad Badawi will be set up to ensure that all parties operate in the interest of the public and consumers.
Fernandes said that the tie-up between the two airlines was a “fantastic step forward.”
“I assure the Malaysian public that this is something very special,” he said.
“I hope you (Malaysia Airlines staff) will now take down my picture with all the darts on it,” he quipped in reference to the traditional rivalry between the two carriers.
He added that the airlines would not scale back their respective plans for expansion.
Azman said that the two airlines will remain separate with separate brands and cultures.
“The idea is for the two airlines to focus on core competencies,” the Khazanah managing director said.
Nazir said that the swap price used was the closing prices for the shares on August 5 which gives a swap ratio of 2.05.
“It is a coincidence as the deal was also done at 2.05 am at One World Hotel (in Bandar Utama) on Sunday,” he revealed.
Under the deal, MAS shareholders would get one AirAsia warrant for every 30 MAS shares while AirAsia shareholders would get one MAS warrant for every 10 AirAsia shares.
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Looks like crown jewel was sold for a song! 10% for 20.25%? Aiyoyo, what a deal, what a STEAL!
ipohmali, you got it right. We 're robbed and rogoled TERKANGKANG!
ipohmali, you got it right. We 're robbed and rogoled TERKANGKANG!
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As a former fair dinkum at MAS, pretty disappointed at this turn of events. Time for a bit of gumption guys! When I was in KCH they had the Ngapsayout spirit. Replicate that!
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With this announcement, the plot thicken ...........
VR 
Putrajaya directs GLCs, Danaharta to drop all claims against Tajuddin Ramli
By Leslie Lau
KUALA LUMPUR, Aug 11 — Putrajaya has directed all government-linked companies, including Malaysia Airlines, and the national debt restructuring company Danaharta, to cease all civil suits against Tan Sri Tajuddin Ramli, the former chairman of the national carrier and protege of Tun Daim Zainuddin, according to documents obtained by The Malaysian Insider. In a letter sent this month to the GLCs and Danaharta by Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz, the GLCs and Danaharta were informed that the Finance Ministry had agreed to settle all outstanding civil suits against Tajuddin, a poster boy of Tun Dr Mahathir Mohamad’s plan to groom Bumiputera entrepreneurs.
“This is to inform you that the government of Malaysia and the Finance Ministry has agreed to settle all civil claims against Tan Sri Dato Tajuddin Ramli and others to be withdrawn immediately in view of the fact that the government and the Finance Ministry have agreed that the said cases will be settled out of court.
“For your information the government has given me the mandate to act for the government in this matter,” Nazri said in the letter sighted by The Malaysian Insider.
At least one government agency is expected to withdraw its claims against Tajudin in court today.
Nazri’s letter also directs the lawyers acting for the GLCs and Danaharta to hand over their cases to the firm of Hasfarizam Wan and Aisha Mubarak, a known Umno lawyer.
But the minister made no mention of the terms of settlement with Tajuddin.
Tajuddin was a protege of Daim, the close friend of Dr Mahathir and ex-finance minister who was the architect of the now discredited policy of nurturing a class of Malay corporate captains on government largesse.
Individuals such as Tajuddin, Tan Sri Halim Saad and others flew high in the 1990s but their true mettle was tested during the Asian financial crisis. Nearly all of them fared poorly.
The Najib government’s move to settle all outstanding claims against Tajuddin appears to be an attempt to wipe the slate clean in a financial saga that goes back decades to the height of Dr Mahathir’s administration.
First police report in 2002
MAS had first lodged a police report against Tajuddin in 2002 for allegedly causing the flag carrier to suffer losses in excess of RM8 billion. Tajuddin was the executive chairman of the airline from 1994 to 2001.
According to a report to the Malaysian Anti-Corruption Commission (MACC), a major contributor to the record losses under Tajuddin was the relocation of MAS’s cargo operation in Amsterdam and Frankfurt to a single hub in Hahn, Germany, where the airline was forced to enter into a disadvantageous aircraft lease contract with a company, which was later linked to Tajuddin’s family.
The new cargo hub operation had caused MAS to suffer losses of between RM10 million and RM16 million a month before the project was terminated after the government regained control of MAS in 2001.
The termination resulted in a RM300 million arbitration claim against MAS by the company.
MAS has had a turbulent past decade after the government bought back the airline from the former corporate high-flyer at RM8 per share or about double the market price at the time.
The airline was at the time saddled with a debt reported to be RM9.5 billion.
It then had its books cleaned up in 2002 under the wide asset unbundling (WAU) exercise that was engineered by the BinaFikir consultancy, then led by Tan Sri Azman Mokhtar.
In 2009, Danaharta and two of its subsidiaries won a RM589.143 million suit against Tajuddin. The case arose after the tycoon executed a facility agreement on July 13, 1994 to borrow RM1.792 billion from a group of syndicated lenders to finance the purchase by him of a 32 per cent stake in MAS.
However, from 1994 to 1998, he failed to service the original loan, causing it to become a non-performing loan (NPL).
Posted Image Daim was the architect of the now discredited policy of nurturing a class of Malay corporate captains on government largesse. — File picIn 1998, Danaharta acquired the NPL from the lenders but Tajuddin also failed to settle his debts to Danaharta until it was in default of RM1.41 billion as at Oct 8, 2001.
As part of a settlement agreement, Tajuddin was to pay RM942 million in four instalments over three years and that he was permitted to redeem his charged shares at a minimum price per share.
Tajuddin, however, defaulted in the payment of the quarterly interest payable under the settlement agreement and on April 27, 2002, the plaintiffs terminated the settlement agreement and demanded RM1.61 billion from him.
On April 29, 2002, Danaharta, together with its subsidiaries Danaharta Urus Sdn Bhd and Danaharta Managers Sdn Bhd, sold part of the charged shares consisting entirely of Technology Resources Industries (TRI) shares at RM2.75 per share, resulting in total proceeds of RM717.39 million.
As at December 31, 2005, the amount outstanding was RM589.14 million and on May 11, 2006, Danaharta and the subsidiaries commenced action to recover the money.
Tajuddin alleged, in his affidavit, that he was directed by Dr Mahathir and Daim in 1994 to buy a controlling stake in Malaysia Airlines to bail out the government.
Forced “national service”
Tajuddin claimed that his purchase was a forced “national service”, disguised as an arm’s length commercial deal, because the government wanted to appease the investment community and the public.
Dr Mahathir denied in his autobiography published this March that he and Daim had forced Tajuddin to bail out MAS in 1994 for RM1.8 billion.
Instead, Tajuddin was “elated over his purchase” of the national carrier, the former prime minister said in the book titled “A Doctor in the House: The Memoirs of Tun Dr Mahathir Mohamad”.
“Recently Tajuddin accused me and Tun Daim of forcing him to buy shares and a controlling interest in MAS. I have checked newspaper reports of the time. Far from feeling coerced, it is obvious that Tajuddin was elated over his purchase.
“He wanted to swap his Malaysian Helicopter shares (a company with two aircraft) for MAS shares (a company with well over 60 aircraft). The government rejected his plan and asked that he pay in cash instead, which forced him to borrow RM1.8 billion.
“He was therefore not coerced by the government to buy the shares, but was forced by his own modest collateral to borrow heavily,” Dr Mahathir wrote.
Tajuddin had claimed that Dr Mahathir and Daim had forced him to buy a 32 per cent stake in MAS from Bank Negara at RM8 per share instead of the market price of RM3.50 to bail out the central bank which was hit by multi-billion ringgit foreign exchange losses.
Tajuddin had said that he did not want to buy the MAS stake as he was worried about financial losses but agreed to do it because it was a directive and also because the government had assured him that he would be protected from financial losses and liabilities.
“I do remember wondering how Tajuddin would be able to buy the airline and when I asked Tun Daim, he explained that Tajuddin’s telecommunications company Celcom (Malaysia) Berhad was doing well,” Dr Mahathir wrote.
By Leslie Lau
KUALA LUMPUR, Aug 11 — Putrajaya has directed all government-linked companies, including Malaysia Airlines, and the national debt restructuring company Danaharta, to cease all civil suits against Tan Sri Tajuddin Ramli, the former chairman of the national carrier and protege of Tun Daim Zainuddin, according to documents obtained by The Malaysian Insider. In a letter sent this month to the GLCs and Danaharta by Minister in the Prime Minister’s Department Datuk Seri Nazri Aziz, the GLCs and Danaharta were informed that the Finance Ministry had agreed to settle all outstanding civil suits against Tajuddin, a poster boy of Tun Dr Mahathir Mohamad’s plan to groom Bumiputera entrepreneurs.
“This is to inform you that the government of Malaysia and the Finance Ministry has agreed to settle all civil claims against Tan Sri Dato Tajuddin Ramli and others to be withdrawn immediately in view of the fact that the government and the Finance Ministry have agreed that the said cases will be settled out of court.
“For your information the government has given me the mandate to act for the government in this matter,” Nazri said in the letter sighted by The Malaysian Insider.
At least one government agency is expected to withdraw its claims against Tajudin in court today.
Nazri’s letter also directs the lawyers acting for the GLCs and Danaharta to hand over their cases to the firm of Hasfarizam Wan and Aisha Mubarak, a known Umno lawyer.
But the minister made no mention of the terms of settlement with Tajuddin.
Tajuddin was a protege of Daim, the close friend of Dr Mahathir and ex-finance minister who was the architect of the now discredited policy of nurturing a class of Malay corporate captains on government largesse.
Individuals such as Tajuddin, Tan Sri Halim Saad and others flew high in the 1990s but their true mettle was tested during the Asian financial crisis. Nearly all of them fared poorly.
The Najib government’s move to settle all outstanding claims against Tajuddin appears to be an attempt to wipe the slate clean in a financial saga that goes back decades to the height of Dr Mahathir’s administration.
First police report in 2002
MAS had first lodged a police report against Tajuddin in 2002 for allegedly causing the flag carrier to suffer losses in excess of RM8 billion. Tajuddin was the executive chairman of the airline from 1994 to 2001.
According to a report to the Malaysian Anti-Corruption Commission (MACC), a major contributor to the record losses under Tajuddin was the relocation of MAS’s cargo operation in Amsterdam and Frankfurt to a single hub in Hahn, Germany, where the airline was forced to enter into a disadvantageous aircraft lease contract with a company, which was later linked to Tajuddin’s family.
The new cargo hub operation had caused MAS to suffer losses of between RM10 million and RM16 million a month before the project was terminated after the government regained control of MAS in 2001.
The termination resulted in a RM300 million arbitration claim against MAS by the company.
MAS has had a turbulent past decade after the government bought back the airline from the former corporate high-flyer at RM8 per share or about double the market price at the time.
The airline was at the time saddled with a debt reported to be RM9.5 billion.
It then had its books cleaned up in 2002 under the wide asset unbundling (WAU) exercise that was engineered by the BinaFikir consultancy, then led by Tan Sri Azman Mokhtar.
In 2009, Danaharta and two of its subsidiaries won a RM589.143 million suit against Tajuddin. The case arose after the tycoon executed a facility agreement on July 13, 1994 to borrow RM1.792 billion from a group of syndicated lenders to finance the purchase by him of a 32 per cent stake in MAS.
However, from 1994 to 1998, he failed to service the original loan, causing it to become a non-performing loan (NPL).
Posted Image Daim was the architect of the now discredited policy of nurturing a class of Malay corporate captains on government largesse. — File picIn 1998, Danaharta acquired the NPL from the lenders but Tajuddin also failed to settle his debts to Danaharta until it was in default of RM1.41 billion as at Oct 8, 2001.
As part of a settlement agreement, Tajuddin was to pay RM942 million in four instalments over three years and that he was permitted to redeem his charged shares at a minimum price per share.
Tajuddin, however, defaulted in the payment of the quarterly interest payable under the settlement agreement and on April 27, 2002, the plaintiffs terminated the settlement agreement and demanded RM1.61 billion from him.
On April 29, 2002, Danaharta, together with its subsidiaries Danaharta Urus Sdn Bhd and Danaharta Managers Sdn Bhd, sold part of the charged shares consisting entirely of Technology Resources Industries (TRI) shares at RM2.75 per share, resulting in total proceeds of RM717.39 million.
As at December 31, 2005, the amount outstanding was RM589.14 million and on May 11, 2006, Danaharta and the subsidiaries commenced action to recover the money.
Tajuddin alleged, in his affidavit, that he was directed by Dr Mahathir and Daim in 1994 to buy a controlling stake in Malaysia Airlines to bail out the government.
Forced “national service”
Tajuddin claimed that his purchase was a forced “national service”, disguised as an arm’s length commercial deal, because the government wanted to appease the investment community and the public.
Dr Mahathir denied in his autobiography published this March that he and Daim had forced Tajuddin to bail out MAS in 1994 for RM1.8 billion.
Instead, Tajuddin was “elated over his purchase” of the national carrier, the former prime minister said in the book titled “A Doctor in the House: The Memoirs of Tun Dr Mahathir Mohamad”.
“Recently Tajuddin accused me and Tun Daim of forcing him to buy shares and a controlling interest in MAS. I have checked newspaper reports of the time. Far from feeling coerced, it is obvious that Tajuddin was elated over his purchase.
“He wanted to swap his Malaysian Helicopter shares (a company with two aircraft) for MAS shares (a company with well over 60 aircraft). The government rejected his plan and asked that he pay in cash instead, which forced him to borrow RM1.8 billion.
“He was therefore not coerced by the government to buy the shares, but was forced by his own modest collateral to borrow heavily,” Dr Mahathir wrote.
Tajuddin had claimed that Dr Mahathir and Daim had forced him to buy a 32 per cent stake in MAS from Bank Negara at RM8 per share instead of the market price of RM3.50 to bail out the central bank which was hit by multi-billion ringgit foreign exchange losses.
Tajuddin had said that he did not want to buy the MAS stake as he was worried about financial losses but agreed to do it because it was a directive and also because the government had assured him that he would be protected from financial losses and liabilities.
“I do remember wondering how Tajuddin would be able to buy the airline and when I asked Tun Daim, he explained that Tajuddin’s telecommunications company Celcom (Malaysia) Berhad was doing well,” Dr Mahathir wrote.
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Ha ha he woe boo hoo hoo There goes any accountability. There goes my 20 over years of hard work for my national flag carrier now worth less than half that of an LCC.
The mere mention of the kerala kaka kutty really piss me off. His recent manoevres are pure evil and diabolical. He has flogged off his holdings in Tanjong and now messing around MAS using Air Asia. Funds are squirelled overseas via YTL; oh dear all the crooks are preparing for the day when things go pear shape for their ruling regime.
There goes any accountability. There goes my 20 over years of hard work for my national flag carrier now worth less than half that of an LCC.The mere mention of the kerala kaka kutty really piss me off. His recent manoevres are pure evil and diabolical. He has flogged off his holdings in Tanjong and now messing around MAS using Air Asia. Funds are squirelled overseas via YTL; oh dear all the crooks are preparing for the day when things go pear shape for their ruling regime.
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Now guys, look back at the recent events tying up the pm, his regime, tf and dr madey kutty. A lot of horse trading, posturing and wheeling dealing going on to hoodwink the still gullible Malaysians besides getting ill gotten gains out should the regime implode. tf has been rumoured to be some kind of opus dei operative and the recent najib meeting with the pope are red flags. All of us were hoodwinked into thinking that the acts of violence against churches the previous two years were some simple minded " ketuanan melayu/islam " acts of intimidation against Christians/catholics. Actually you can see a pattern of paving the way for the pm to have contacts with the Vatican without arousing " deep " suspicion and cause unnecessary uproar amongst muslims; easy, meet the pope ( actually meet the inner shadowy figures of financial wheeling dealing in the Vatican ) just to explain Malaysia's religious tolerance. The whole world, especially Malaysian Malays buy that line, hook and sinker! The fact is that it was an old dr madhey kutty trick; at times of trouble, make an excuse to be visiting Europe and the Vatican WITHOUT AROUSING suspicion. Then get to meet the European/Vatican wheeler dealers to arrange mind bongling transactions which will fool the so called clever analysts all the way and laugh all the way stashing all the ill gotten gains.
The Air Asia/MAS deal is just a small example of such deals. You ain't seen nothing yet! Just remember the " financial " miracle recovery of 1997; the currency trading losses, Maminco, the " George Soros saga ". The old fox could easily win an oscar hands down.The pawns, knights and rooks in this super chess games are the patsies executing the orders, but the bishops, queens and kings reap all the rewards with everyone fooled. Some pawns will probably get some crumbs and think the world about this deal, the rest are just gobsmacked taking it up their sixes with barely a whimper. Welcome to the shadowy world of real power, money and endless intrigue!
The Air Asia/MAS deal is just a small example of such deals. You ain't seen nothing yet! Just remember the " financial " miracle recovery of 1997; the currency trading losses, Maminco, the " George Soros saga ". The old fox could easily win an oscar hands down.The pawns, knights and rooks in this super chess games are the patsies executing the orders, but the bishops, queens and kings reap all the rewards with everyone fooled. Some pawns will probably get some crumbs and think the world about this deal, the rest are just gobsmacked taking it up their sixes with barely a whimper. Welcome to the shadowy world of real power, money and endless intrigue!
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That reminds of someone posting about our Petronas oil futures, the Vatican, Soros and Dr M on some other threads sometime ago. Well, the shadowy powers that be certainly have the whole nation within their grip.
However the ordinary masses by collective will and intent can break free of the shackles imposed upon us, or at the very least mitigate some of the damaging effects. Representations must be made for class action suits by ordibnary shareholders, and actions taken to scuttle this improper deal through international anti-trust laws.
However the ordinary masses by collective will and intent can break free of the shackles imposed upon us, or at the very least mitigate some of the damaging effects. Representations must be made for class action suits by ordibnary shareholders, and actions taken to scuttle this improper deal through international anti-trust laws.
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sshhhhhhhhhhhhhhh
Ladies & gentlemen, try as you may it looks like you ain't gonna get even a squeak out of MAS pilots
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Guys, whether like or not, that the name of the game. If MAS can't get their act right within, then what would anyone expect?
Its all a matter of opportunities people in the real world take when there are cracks, holes or what some say "window of opportunity"
Good luck guys!
Its all a matter of opportunities people in the real world take when there are cracks, holes or what some say "window of opportunity"
Good luck guys!
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If MAS can't get their act right within, then what would anyone expect?
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It is sad that there is hardly a whimper from MASEU and MAPA. There are so many web based avenues to protest this utterly disgraceful deal, unless these two entities are complicit in shameful plunder.
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AK has a poor PER whereas MAS has a better PER; yet 20.5% of MAS shares for 10% AK shares. This is indeed very creative and astonishing. Looks like AK is a better standard bearer; MAS people should take a paycut to about 48.8% that of AK employees! Especially the pilots!
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MAS people should take a paycut to about 48.8% that of AK employees! Especially the pilots!
Almost die laughing. Bangunlah bang , do you think anyone of us even remotely give a crxp about this?
I know I will continue to get better pay, and work less, or even much much less when I move on to 380 next year.
Carry on bang, instigate more of us.
Oh, btw, welcome to the real corrupted world of aviation, and you haven't seen shxx.
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Hey guys, see what have you done...you got someone to pull his head out of the trough to register on this forum to crow to the world that he is going to the big dugong next year! And he is going to work less! How about a little whisper to tf to sell off all the yet to come dugongs and stick to only the 330/340s? I don't want competitionlah.
Join Date: Mar 2010
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MAS, Malaysians.......sigh!!!!!!!!
Over the course of the past few years a few guys on this forum had been subtly trying to do a " bersih campaign " to awaken individuals in MAS and Malaysians at large to the shenenigans going on in the company as well as the incestuous relationships amongst the management, union/association leaders, politicos and jackals of the tf ilk. Due to various reasons, we cannot be so overt in our messages.
Most MAS people think we are lunatics or worser still " traitors " trying to run down the mothership. Nay, nyet, bukan my dear friends. We see MAS going to be misused as a cash cow and as an avenue to plunder the wealth of the nation. Because MAS operates to " six continents " it provides portals where the siphoning of Malaysian wealth to be stashed away without electronic traces. See what I mean or are you people still so blind!
Modern electronic means of wealth siphoning, money laundering are fraught with danger of being traceable. Good old ways like the way they do in the good old days are much safer............
Now what can MAS people and the general public do? What could the " Bersih " campaigners do? They did what they did and what did they accomplish? The EC was caught redhanded with so much blatant attempts at cheating but because of the " awareness " for fair and just elections was aroused by the " Bersih " campaign, many of the overt attempts at cheating had been scuttled. More needed to be done to clean up the dirt, but some progress can be made.
Likewise if MAS people can lead a campaign to " bersihkan " MAS, Air Asia, MoT etc, there is less chance of the nation's wealth being siphoned off through MAS. The share swap thingy between AK and MH is just the tip of the iceberg; MAS provides big portals for crooks to exploit. Why MAS people and not other Malaysians to do the " bersih "? Well, MAS people have high visibility, " insider information ", etc which will attract attention to the cause of cleaning up.
If nothing is doing, MAS/AK will become the " route " which will hasten tanahair going the way of Zimbabwe
Most MAS people think we are lunatics or worser still " traitors " trying to run down the mothership. Nay, nyet, bukan my dear friends. We see MAS going to be misused as a cash cow and as an avenue to plunder the wealth of the nation. Because MAS operates to " six continents " it provides portals where the siphoning of Malaysian wealth to be stashed away without electronic traces. See what I mean or are you people still so blind!
Modern electronic means of wealth siphoning, money laundering are fraught with danger of being traceable. Good old ways like the way they do in the good old days are much safer............
Now what can MAS people and the general public do? What could the " Bersih " campaigners do? They did what they did and what did they accomplish? The EC was caught redhanded with so much blatant attempts at cheating but because of the " awareness " for fair and just elections was aroused by the " Bersih " campaign, many of the overt attempts at cheating had been scuttled. More needed to be done to clean up the dirt, but some progress can be made.
Likewise if MAS people can lead a campaign to " bersihkan " MAS, Air Asia, MoT etc, there is less chance of the nation's wealth being siphoned off through MAS. The share swap thingy between AK and MH is just the tip of the iceberg; MAS provides big portals for crooks to exploit. Why MAS people and not other Malaysians to do the " bersih "? Well, MAS people have high visibility, " insider information ", etc which will attract attention to the cause of cleaning up.
If nothing is doing, MAS/AK will become the " route " which will hasten tanahair going the way of Zimbabwe
Join Date: Apr 2009
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MAS people like it up their six, period! tf and his patrons are laughing their heads off. Now he can fly top class to LHR weekly to watch QPR in action; well Munir showed the way!
Join Date: Mar 2009
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Modern electronic means of wealth siphoning, money laundering are fraught with danger of being traceable. Good old ways like the way they do in the good old days are much safer............
Join Date: Aug 2009
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Ha ha ha, heard about the ZRH caper...was that true? I wasn't on the 777 then, but a few ex 777 guys told me about it. First class seat for the money bag; but as mof, do you think he paid for the flight? Most probably foc as we all know that he's pak bakhil!