Tony's Plan for the Takeover of MAS Continues
Thread Starter
Join Date: Nov 2008
Location: Flyin' low and feeling mean
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
Tony's Plan for the Takeover of MAS Continues
Malaysia Airlines has appointed AirAsia’s Rozman bin Omar as its new chief financial officer (CFO), who will take up his new role with effect from tomorrow (February 14).
Prior to joing Malaysia Airlines, Rozman has been at AirAsia Group for more than 8 years - initially as CFO for PT Indonesia AirAsia and, from 2006, as AirAsia Berhad’s regional head of finance.
Ahmad Jauhari Yahya, group CEO of Malaysia Airlines, said: “On behalf of the board of directors, I am pleased to welcome Rozman to Malaysia Airlines.
“We believe that his professional financial input and experience will be valuable to our efforts to implement the Business Plan towards profitability for our group.”
Prior to joing Malaysia Airlines, Rozman has been at AirAsia Group for more than 8 years - initially as CFO for PT Indonesia AirAsia and, from 2006, as AirAsia Berhad’s regional head of finance.
Ahmad Jauhari Yahya, group CEO of Malaysia Airlines, said: “On behalf of the board of directors, I am pleased to welcome Rozman to Malaysia Airlines.
“We believe that his professional financial input and experience will be valuable to our efforts to implement the Business Plan towards profitability for our group.”
MAS is parking all the Boeings, and will be converted entirely to an all Airbus fleet within three to four years to match up with Tony's boys over at the Budget Terminal.
This is how it will shakeout:
1. All 737's to FireFly AOC by the end of May 2012.
2. 747-400s gone by the end of 2013 as the 380's come online.
3. 2-777's back to lessors this year, another 6 by the end of 2013, and the rest retired/returned by the end of 2014.
4. MAS/Air Asia X will make a joint purchase of A-350's but they won't arrive until post 2015.
5. Tony will roll what is left of MAS into Air Asia X citing cost advantages and great synergies with an all Airbus Fleet. He will state that is the only way that MAS can compete in an Open Skies market in 2015, and the once proud carrier MH, now only a shell of its former self with maybe 40 aircraft, will be merged with Air Asia X to become MAS-X, a non-union carrier.
I have seen it before. This is right out of Frank Lorenzo's playbook from the Eastern/Continental debacle. There is no one to stop Tony from making this happen as he has everyone in the government in his pocket.
Mark my words, this will happen.
So get out while you can guys. The end of MAS is coming much sooner than you imagine.
Join Date: Mar 2005
Location: between the clouds
Posts: 102
Likes: 0
Received 0 Likes
on
0 Posts
Should old acquaintance be forgot,
and never brought to mind ?
Should old acquaintance be forgot,
and old lang syne ?
For auld lang syne, my dear,
for auld lang syne,
we'll take a cup of kindness yet,
for auld lang syne.
[/B]and never brought to mind ?
Should old acquaintance be forgot,
and old lang syne ?
For auld lang syne, my dear,
for auld lang syne,
we'll take a cup of kindness yet,
for auld lang syne.
Last edited by cav-not-ok; 16th Feb 2012 at 12:35.
Join Date: Aug 2007
Location: canland
Age: 60
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
Great idea! Mapa prez conned everybody and got onto A380 ahead of others to make it before the age 52 thingy cuts in. Time to get rid of dishonorable fellas. BTW they made an exception and Ashburn got on the A380 course after all.
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,212
Likes: 0
Received 0 Likes
on
0 Posts
AirAsia's Share Price Continues To Fall
Budget carrier, AirAsia Bhd, saw continued downtrend in its share trading today, after its net profit for the fourth quarter ended Dec 31, 2011, fell more than 50 per cent to RM135.6 million from RM311.0 million a year ago.
Its revenue stood at RM1.272 billion from RM1.164 billion while its pre-tax profit slid to RM337.859 million from RM388.120 billion.
The frills-free airline said its earnings dwindled due to costlier fuel and higher deferred taxation.
For the 2011 full year performance, AirAsia's net profit dipped to RM564.1 million from 2010 despite a 13 per cent revenue rise to RM4.47 billion from RM3.94 billion.
Its pre-tax profit fell to RM794.26 million from RM1.098 billion a year ago.
At 10am Friday, its share price stood at RM3.55, down by three sen, after opening two sen lower at RM3.56.
Bersama 24/02/12
Its revenue stood at RM1.272 billion from RM1.164 billion while its pre-tax profit slid to RM337.859 million from RM388.120 billion.
The frills-free airline said its earnings dwindled due to costlier fuel and higher deferred taxation.
For the 2011 full year performance, AirAsia's net profit dipped to RM564.1 million from 2010 despite a 13 per cent revenue rise to RM4.47 billion from RM3.94 billion.
Its pre-tax profit fell to RM794.26 million from RM1.098 billion a year ago.
At 10am Friday, its share price stood at RM3.55, down by three sen, after opening two sen lower at RM3.56.
Bersama 24/02/12
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,212
Likes: 0
Received 0 Likes
on
0 Posts
AJ - Man Of The Hour At Malaysia Airlines
Hahaha.... the marathon man or the running man..... how to run MAS to the ground... the Prize... Airasia award from tony.. The biggest nosedive award besides "Asia's Leading Airline”, “World's Best Cabin Crew”, “World's Best Economy Class Award” etc.....
Bersama 23/02/2012
It has been five months since Ahmad Jauhari Yahya took over the helm of Malaysia Airlines to examine ways to turn around the loss-making national carrier.
After a sharp learning curve, given that he had no previous experience in the aviation industry, he is rather clear about what needs to be done.
"It's about survival and winning back the customers again," he says in an interview with Bernama.
On the matter of survival, Ahmad Jauhari, 57, certainly knows what he is talking about, because he learnt the art of it when setting out to participate in the Ironman Triathlon series about 10 years ago.
And survive he did. Although he didn't know how to swim at one time, he learnt to excel in the discipline, in order to participate.
The Ironman Triathlon is a harsh and gruelling race, not for the faint-hearted, as it consists of a 3.86 km (2.4-mile) swim, a 180.25-km (112-mile) bike race and a marathon run over 42.2 km (26.2 miles), in that order and without a break.
The whole race usually takes about 17 hours to complete.
Ahmad Jauhari's slender frame belies the tenacity of someone who has taken part in four Ironman series since 2003, the last being in 2009.
"It's about the satisfaction of being able to complete the race," he said when asked why he chose such a challenging sport.
Ahmad Jauhari even changed his hairstyle to that of a crew-cut look after taking the plunge in the Ironman series.
"I found it easier that way as I didn't have to comb my hair after the swim," he said.
For his mission at Malaysia Airlines, he knows what his immediate priorities are: cut losses, weed out unprofitable routes, woo back premium customers, raise productivity among employees and boost their morale.
For someone who has been in the power generation business and with strong survival instincts, Ahmad Jauhari looks set to be the man of the hour to re-energise Malaysia Airlines to soar again in customer satisfaction and profitability.
and...........
Malaysia Airlines Top Priority To Stem Losses
The top priority for Malaysia Airlines now is to stem its huge losses and a return to profitability soon, besides striving to regain its stature as a preferred premium airline with better services and newer aircraft, its Group Chief Executive Officer (CEO), Ahmad Jauhari Yahya, said Thursday.
Its recent senior management shake-up and drastic route cuts are among the many strategies being taken to put the national airline back on track towards profitability from the 2013-14 financial year onwards, he said.
He also said it was imperative that solutions be found to address issues at the national carrier, as the Malaysia Airlines name, invoked much pride among Malaysians.
For the nine months ended Sept 30, 2011, Malaysia Airlines incurred RM1.209 billion in pre-tax losses as compared to a RM23.73 million profit for the same period in 2010. It is scheduled to release its full year financial result next week.
To avoid "rivers of red ink" for a considerable period if nothing drastic is done, major shareholders of Malaysia Airlines decided to undertake a top management change, as well as a landmark share swap deal late last year between Malaysia Airlines and its closest local rival, AirAsia.
Under the deal, AirAsia's major shareholder, Tune Air Sdn Bhd, took a 20.5 per cent share in Malaysia Airlines while Khazanah Nasional Bhd got 10 per cent of the low budget airline.
As part of the revamp, Ahmad Jauhari, 57, an engineer by training and a corporate figure who had made his mark at Malaysian Resources Corporation Bhd and Malakoff Bhd, was appointed CEO last September.
"We have to stem losses first before moving forward. So, the first thing we did was to review all the "bleeding" routes, then on managing costs and finally, relooking our network," he told Bernama in an interview today.
The company's new board of directors, he said, had also looked at how other factors could be improved, including, increasing frequencies on certain profitable routes such as to Manila, Jakarta, Shanghai and Beijing.
Although the move by Malaysia Airlines to cut off certain routes had caused lots of rumbling, including from employees, Ahmad Jauhari said such decisions were common in the aviation industry.
"It's a norm for airlines. You must get the volume. Japan Airlines slashed 40 per cent of the routes when it was in trouble," he said in citing an example.
But he said Malaysia Airlines may relook some routes that were cut if profitability could be ensured in future.
Route cutting, he explained, would also help Malaysia Airlines to slash its maintenance and operating costs, as 36 aircraft in its fleet were at the end of their leases, and this meant it need not ground them as they would be returned to the lessors.
At the same time, Malaysia Airlines will be receiving 23 new aircraft, thus reducing its average fleet age to eight years from 14 years previously, and improving cost efficiency through newer and fuel-efficient engines.
In refuting claims that the route cuts had benefited its strategic partners, AirAsia and AirAsia X, he said: "Both airlines (Malaysia Airlines and AirAsia) actually act (separately) in terms of their own networks. Just as we cut and introduce new routes, they also do the same all the time."
Ahmad Jauhari said Malaysia Airlines withdrew from Capetown and Johannesburg but neither AirAsia or AirAsia X were flying there.
Similarly, AirAsia X withdrew from London, Paris, New Delhi and Mumbai but these routes are still serviced by Malaysia Airlines, and when AirAsia X stopped flying to Abu Dhabi, Malaysia Airlines did the same with Dubai.
"So, it is completely an independent decision of both airlines. But whenever airlines cut routes, the incumbent get the traffic. That could be any airline," he pointed out.
On suggestions by some quarters that the partnership with Air Asia may eventually turn Malaysia Airlines into a low cost carrier over the long haul, Ahmad Jauhari said emphatically that it would always remain a full service carrier.
Commenting on plans to revitalise the airline as a preferred premium airline and attract more passengers, Ahmad Jauhari said it would embark on a major advertising and promotion campaign from mid-2012.
This would be just as Malaysia Airlines receives the first of its A380 jumbo aircraft, which would be deployed for the Kuala Lumpur-London sector from July 1.
The campaign will be rolled out in stages, in South East Asia first, before going worldwide.
"The A380 will be our flagship aircraft to compete with other airlines. It is also a good opportunity to place Malaysia Airlines deservingly as a premium entity and help us win back customers," he said.
Asked why Malaysia Airlines had lost ground as a premium airline, Ahmad Jauhari said its competitors had been improving their services and offerings with newer aircraft.
"As such, regaining premium customers would not be on price alone, as Malaysia Airlines needs to put in more hard work, to entice them by offering better services and frills as they are now spoilt for choice," he said.
On the Kuala Lumpur-London sector, for example, carriers such as Etihad, Emirates and Singapore Airlines are also flying the same route.
"We can't force customers to fly Malaysia Airlines. It's all about winning back customers by providing the better choice. These days you got to pamper customers.
"The mission is very clear. We basically have a large competition out there and the company needs to do this in order to survive. It is really about survival and winning back customers," he added.
As part of the campaign to capture more premium passengers, Ahmad Jauhari hoped that Malaysia Airlines' emergence as a member of the "One World" alliance in November this year would help, as it allowed access to almost 950 destinations in 150 countries, served by a combined fleet of 2,600 aircraft operating around 10,000 flights a day and carrying 358 million passengers.
Asked to elaborate on the introduction of new destinations, he said this would have to wait until the airline turned profitable.
"It takes at least a year to build-up traffic for a new route. For the first few months, you are going to lose some money. So, until we are financially sound, we can't give that a try, and unless very certain of enough traffic," he added.
As to the possibility of Malaysia Airlines being forced to offer a voluntary employee separation scheme following the route cuts, Ahmad Jauhari said the management would look at seconding its skilled workforce to other airlines first, if there was a surplus.
"Secondment means these skilled workers would be gainfully employed until such time when the situation improves and Malaysia Airlines could then fully utilise them again," he added.
He said the highly trained cabin crew, pilots and technical personal of Malaysia Airlines were much sought after in the industry.
"If we have more than necessary, we can send them on secondment. This is also a norm in the industry. We helped start India's Jet Airways (in that way), as they used our cabin crew, pilots and planes," he disclosed.
He stressed that the management would ensure that its work force would be "usefully employed."
Asked what he meant by "usefully employed", Ahmad Jauhari explained that they would have to undertake tasks to help boost the national airline's current turnaround and ensure future profitability.
Bersama 23/02/2012
It has been five months since Ahmad Jauhari Yahya took over the helm of Malaysia Airlines to examine ways to turn around the loss-making national carrier.
After a sharp learning curve, given that he had no previous experience in the aviation industry, he is rather clear about what needs to be done.
"It's about survival and winning back the customers again," he says in an interview with Bernama.
On the matter of survival, Ahmad Jauhari, 57, certainly knows what he is talking about, because he learnt the art of it when setting out to participate in the Ironman Triathlon series about 10 years ago.
And survive he did. Although he didn't know how to swim at one time, he learnt to excel in the discipline, in order to participate.
The Ironman Triathlon is a harsh and gruelling race, not for the faint-hearted, as it consists of a 3.86 km (2.4-mile) swim, a 180.25-km (112-mile) bike race and a marathon run over 42.2 km (26.2 miles), in that order and without a break.
The whole race usually takes about 17 hours to complete.
Ahmad Jauhari's slender frame belies the tenacity of someone who has taken part in four Ironman series since 2003, the last being in 2009.
"It's about the satisfaction of being able to complete the race," he said when asked why he chose such a challenging sport.
Ahmad Jauhari even changed his hairstyle to that of a crew-cut look after taking the plunge in the Ironman series.
"I found it easier that way as I didn't have to comb my hair after the swim," he said.
For his mission at Malaysia Airlines, he knows what his immediate priorities are: cut losses, weed out unprofitable routes, woo back premium customers, raise productivity among employees and boost their morale.
For someone who has been in the power generation business and with strong survival instincts, Ahmad Jauhari looks set to be the man of the hour to re-energise Malaysia Airlines to soar again in customer satisfaction and profitability.
and...........
Malaysia Airlines Top Priority To Stem Losses
The top priority for Malaysia Airlines now is to stem its huge losses and a return to profitability soon, besides striving to regain its stature as a preferred premium airline with better services and newer aircraft, its Group Chief Executive Officer (CEO), Ahmad Jauhari Yahya, said Thursday.
Its recent senior management shake-up and drastic route cuts are among the many strategies being taken to put the national airline back on track towards profitability from the 2013-14 financial year onwards, he said.
He also said it was imperative that solutions be found to address issues at the national carrier, as the Malaysia Airlines name, invoked much pride among Malaysians.
For the nine months ended Sept 30, 2011, Malaysia Airlines incurred RM1.209 billion in pre-tax losses as compared to a RM23.73 million profit for the same period in 2010. It is scheduled to release its full year financial result next week.
To avoid "rivers of red ink" for a considerable period if nothing drastic is done, major shareholders of Malaysia Airlines decided to undertake a top management change, as well as a landmark share swap deal late last year between Malaysia Airlines and its closest local rival, AirAsia.
Under the deal, AirAsia's major shareholder, Tune Air Sdn Bhd, took a 20.5 per cent share in Malaysia Airlines while Khazanah Nasional Bhd got 10 per cent of the low budget airline.
As part of the revamp, Ahmad Jauhari, 57, an engineer by training and a corporate figure who had made his mark at Malaysian Resources Corporation Bhd and Malakoff Bhd, was appointed CEO last September.
"We have to stem losses first before moving forward. So, the first thing we did was to review all the "bleeding" routes, then on managing costs and finally, relooking our network," he told Bernama in an interview today.
The company's new board of directors, he said, had also looked at how other factors could be improved, including, increasing frequencies on certain profitable routes such as to Manila, Jakarta, Shanghai and Beijing.
Although the move by Malaysia Airlines to cut off certain routes had caused lots of rumbling, including from employees, Ahmad Jauhari said such decisions were common in the aviation industry.
"It's a norm for airlines. You must get the volume. Japan Airlines slashed 40 per cent of the routes when it was in trouble," he said in citing an example.
But he said Malaysia Airlines may relook some routes that were cut if profitability could be ensured in future.
Route cutting, he explained, would also help Malaysia Airlines to slash its maintenance and operating costs, as 36 aircraft in its fleet were at the end of their leases, and this meant it need not ground them as they would be returned to the lessors.
At the same time, Malaysia Airlines will be receiving 23 new aircraft, thus reducing its average fleet age to eight years from 14 years previously, and improving cost efficiency through newer and fuel-efficient engines.
In refuting claims that the route cuts had benefited its strategic partners, AirAsia and AirAsia X, he said: "Both airlines (Malaysia Airlines and AirAsia) actually act (separately) in terms of their own networks. Just as we cut and introduce new routes, they also do the same all the time."
Ahmad Jauhari said Malaysia Airlines withdrew from Capetown and Johannesburg but neither AirAsia or AirAsia X were flying there.
Similarly, AirAsia X withdrew from London, Paris, New Delhi and Mumbai but these routes are still serviced by Malaysia Airlines, and when AirAsia X stopped flying to Abu Dhabi, Malaysia Airlines did the same with Dubai.
"So, it is completely an independent decision of both airlines. But whenever airlines cut routes, the incumbent get the traffic. That could be any airline," he pointed out.
On suggestions by some quarters that the partnership with Air Asia may eventually turn Malaysia Airlines into a low cost carrier over the long haul, Ahmad Jauhari said emphatically that it would always remain a full service carrier.
Commenting on plans to revitalise the airline as a preferred premium airline and attract more passengers, Ahmad Jauhari said it would embark on a major advertising and promotion campaign from mid-2012.
This would be just as Malaysia Airlines receives the first of its A380 jumbo aircraft, which would be deployed for the Kuala Lumpur-London sector from July 1.
The campaign will be rolled out in stages, in South East Asia first, before going worldwide.
"The A380 will be our flagship aircraft to compete with other airlines. It is also a good opportunity to place Malaysia Airlines deservingly as a premium entity and help us win back customers," he said.
Asked why Malaysia Airlines had lost ground as a premium airline, Ahmad Jauhari said its competitors had been improving their services and offerings with newer aircraft.
"As such, regaining premium customers would not be on price alone, as Malaysia Airlines needs to put in more hard work, to entice them by offering better services and frills as they are now spoilt for choice," he said.
On the Kuala Lumpur-London sector, for example, carriers such as Etihad, Emirates and Singapore Airlines are also flying the same route.
"We can't force customers to fly Malaysia Airlines. It's all about winning back customers by providing the better choice. These days you got to pamper customers.
"The mission is very clear. We basically have a large competition out there and the company needs to do this in order to survive. It is really about survival and winning back customers," he added.
As part of the campaign to capture more premium passengers, Ahmad Jauhari hoped that Malaysia Airlines' emergence as a member of the "One World" alliance in November this year would help, as it allowed access to almost 950 destinations in 150 countries, served by a combined fleet of 2,600 aircraft operating around 10,000 flights a day and carrying 358 million passengers.
Asked to elaborate on the introduction of new destinations, he said this would have to wait until the airline turned profitable.
"It takes at least a year to build-up traffic for a new route. For the first few months, you are going to lose some money. So, until we are financially sound, we can't give that a try, and unless very certain of enough traffic," he added.
As to the possibility of Malaysia Airlines being forced to offer a voluntary employee separation scheme following the route cuts, Ahmad Jauhari said the management would look at seconding its skilled workforce to other airlines first, if there was a surplus.
"Secondment means these skilled workers would be gainfully employed until such time when the situation improves and Malaysia Airlines could then fully utilise them again," he added.
He said the highly trained cabin crew, pilots and technical personal of Malaysia Airlines were much sought after in the industry.
"If we have more than necessary, we can send them on secondment. This is also a norm in the industry. We helped start India's Jet Airways (in that way), as they used our cabin crew, pilots and planes," he disclosed.
He stressed that the management would ensure that its work force would be "usefully employed."
Asked what he meant by "usefully employed", Ahmad Jauhari explained that they would have to undertake tasks to help boost the national airline's current turnaround and ensure future profitability.
Thread Starter
Join Date: Nov 2008
Location: Flyin' low and feeling mean
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
All narrow body crews given two choices, resign MAS and go to FireFly for more pay or stay at MAS as a seconded pilot, work a lot more hours, for same pay. Flight attendants too junior to hold wide-body will have to be interviewed for FireFly. Way to cut jobs and get rid of MAPA and MASEU on the short haul fleet.
Whole thing on the way to becoming MAS-X by 2015 when the wide-body fleet will be merged with Air AsiaX as an all Airbus fleet under Tony's plan to get rid of all the unions and rule all of Malaysia without local competition, but SEAsia Open Skies in 2015 will bring the Indonesian carriers (LionAir with their 200 new 737's) in and spell the doom of FireFly. MAS pilots who can leave should start looking now. Get out while you can, boys.
Whole thing on the way to becoming MAS-X by 2015 when the wide-body fleet will be merged with Air AsiaX as an all Airbus fleet under Tony's plan to get rid of all the unions and rule all of Malaysia without local competition, but SEAsia Open Skies in 2015 will bring the Indonesian carriers (LionAir with their 200 new 737's) in and spell the doom of FireFly. MAS pilots who can leave should start looking now. Get out while you can, boys.
Join Date: Jul 2007
Location: The Orient
Age: 67
Posts: 63
Likes: 0
Received 0 Likes
on
0 Posts
How can one? In canland, how can?
MAS pilots who can leave should start looking now. Get out while you can,
Those snide remarks and bad mouthing of those who left in the 1990's; how can they now endure that? Are you encouraging them to have no shame?
Join Date: Aug 2007
Location: canland
Age: 60
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
Aiya, how to leave MAS mothership. It's the only place where sub standard pilots can become instructors, chief pilots, etc. It's the only place for ketuanan mooloya, it's the only place where mapa prez could get secretary to allot him a more " senior " membership number from someone else just to look good without shame, the only place where the sitting mapa prez can leapfrog over other senior pilots to get onto the A380 course well ahead of aircraft so as to beat the age 52 deadline........MAS is the gold mine for corrupt practices. Now it is TF's blue eye boys' turns to all the dastard acts shamelessly too.
Join Date: Mar 2009
Location: Ipoh
Age: 71
Posts: 33
Likes: 0
Received 0 Likes
on
0 Posts
Over the course of the last few years, posters ( in the know ) on Prune's Far East and SEA forum had been trying to warn MAS people and Malaysians in general about the posibility of all the current shenanigans if they remain sheepish and tamely stupid. These were soundly ignored and ridiculed in internal MAS pilot forums...now tf and the present ruling regimes have their fingers on the pulse; they monitor internal MAS forums and have their cyber troopers " psych " MAS people and Air Asia people; their analyses......no problema. MAS can be taken over for a song when you have nincompoops leading and working as the workforce. Easy picking; on top of that you have ready-made patsies who will deliver their c**ts for an easy screw!
Like how the kaka kutty madhey operated, they know the more corrupt MAS management/union/pilot association officials are the easier they are to control and cajoled to achieve their objectives. Now you know how the shameless cheaters in Mapa council can easily be controlled; if they don't toe the line. Likewise with MASEU and management people. Machiavelli 101. The internal forums are the best source for brainwashing, indoctrination , disinformation and creative misinformation. All helping in gauging the psyche of MAS employees, how to play them out without them even having a hint and even if they are smart enough to smell a rat, use all the disinformation techniques to tell them " resistance is futile, accept your lot...our objectives are already fait accompli! "
The governing regime's tactics are always mirrored in MAS, policy wise as well and management wise. When are these MAS sheeple gonna wake up?
Like how the kaka kutty madhey operated, they know the more corrupt MAS management/union/pilot association officials are the easier they are to control and cajoled to achieve their objectives. Now you know how the shameless cheaters in Mapa council can easily be controlled; if they don't toe the line. Likewise with MASEU and management people. Machiavelli 101. The internal forums are the best source for brainwashing, indoctrination , disinformation and creative misinformation. All helping in gauging the psyche of MAS employees, how to play them out without them even having a hint and even if they are smart enough to smell a rat, use all the disinformation techniques to tell them " resistance is futile, accept your lot...our objectives are already fait accompli! "
The governing regime's tactics are always mirrored in MAS, policy wise as well and management wise. When are these MAS sheeple gonna wake up?
Join Date: Jul 2008
Location: Gunung Ledang
Age: 54
Posts: 25
Likes: 0
Received 0 Likes
on
0 Posts
a page from dr. m's book
Teg, are you flogging a dead horse?
From what I can see, the current manoeuvrings are an exercise in bail out and covering up. It seems that fat tf and cronies are taking a page out of madheys black magic book. Read this :
In the RM13.46 billion Statement of Claim that former MAS Executive Chairman Tan Sri Tajudin Ramli brought against Danaharta, he declared that the then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32% stake in MAS to bail out Bank Negara, which had experienced massive losses in foreign exchange.
THE CORRIDORS OF POWER
Raja Petra Kamarudin
Najib must give a frank and honest answer whether the RM589 million out-of-court settlement of Tajudin Ramli’s debts is proof that Malaysians today are still paying for the RM100 billion Mahathir financial scandals
Lim Kit Siang (25 February 2012)
Malaysians are entitled to a frank and honest answer from the Prime Minister, Datuk Seri Najib Razak, whether the RM580 million out-of-court settlement of Tajudin Ramli’s debts is proof that Malaysians today are still paying for the RM100 billion financial scandals perpetrated in the 22 years Tun Dr. Mahathir was the Prime Minister. And if so, they want to know of other such instances.
More and more Malaysians are asking this question as there is total lack of transparency, accounting, explanation, or details for the RM580 million out-of-court settlement with government-linked corporations (GLCS), raising the question whether the Barisan Nasional government has achieved another entry in the Guinness Book of Records in being the first government in the world to surrender a court judgment for RM580 million.
One big controversy among Malaysians today is who is to be believed, Mahathir or Tajudin Ramli about the “double bail-out” of MAS.
Tajudin had claimed through his affidavits that former premier Mahathir had made him buy MAS to help bail out Bank Negara after the central bank suffered massive foreign exchange losses due partly to speculation in foreign currency markets as a “national service” with an "Overriding Agreement" to indemnify him against any losses suffered. This has been denied by Mahathir.
Four reasons have been advanced by those who believe that Tajudin’s claims are more credible, viz:
(1) Tajudin would be out of his mind to buy at RM8.00 something trading at RM3.50 then.
(2) Tajudin would do so if he were protected by an overriding agreement as he claimed.
(3) The overriding claim appears credible because the government did subsequently buy back from him at twice market price which the government was not otherwise obliged to do so.
(4) Affidavits are sworn statements to court and false statements constitute perjury, a punishable offence.
As Prime Minister, Najib would know what actually transpired and Malaysians want him to tell the country the truth, whether it is Mahathir or Tajudin who is lying and whether criminal action would be instituted against Tajudin if he had committed perjury in his affidavits.
Two weeks ago, on 13 February 2012, Malaysia Today came out with EPISODE 6: How Malaysia Today ‘lied’ three years ago.
I had anticipated that Lim Kit Siang would jump and go for the jugular. This is because in 1994, almost 18 years ago, Lim Kit Siang was the very person who exposed a massive financial scandal that still holds the Malaysian Book of Records -- or the Guinness Book of Records, as Lim Kit Siang would say.
The financial scandal, which Lim Kit Siang was referring to, happened in 1992 and 1993. And no one except for a handful of those who walked in the corridors of power knew about this well-guarded secret until Lim Kit Sang raised the matter in Parliament. Hence we must revisit this 20-year old scandal because that particular matter is connected to the MAS (Malaysian Airlines) fiasco, which two weeks ago reached an ‘out-of-court settlement’ at a great loss to the Malaysian taxpayers.
Most Malaysians have forgotten the earlier episode of two decades ago -- or somehow do not see the link between that old episode and the current MAS scandal. Some I spoke to were not even aware of this scandal because at that time there was no Internet. Well, allow Malaysia Today to refresh your memory and explain how the issue of February 2012 is linked to the issue of 1992.
Today, we will first talk about the MAS issue.
In the RM13.46 billion Statement of Claim that former MAS Executive Chairman Tan Sri Tajudin Ramli brought against Danaharta, he declared that the then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32% stake in MAS to bail out Bank Negara, which had experienced massive losses in foreign exchange.
In other words, Tajudin was just doing ‘national service’ on the instructions of Dr Mahathir. And the whole objective of this exercise, said Tajudin, was to cover Malaysia’s massive forex losses. Hence, you can’t look at this MAS multi-billion disaster in isolation. You need to look at it in the context of the earlier scandal, the forex disaster, which the MAS exercise is supposed to cover.
The Chinese call this digging a hole to get the earth to cover another hole. Only that each new hole you dig gets bigger than the earlier hole you are trying to cover. (Don’t you just love Chinese sayings?)
Nevertheless, the MAS exercise itself was a disaster. Hence, the MAS exercise was not a solution to a problem but a problem as well. So now we had two problems, both running into billions of losses of hard-earned taxpayers’ money.
But that was merely the civil matter, which has now been settled out of court and is money down the drain. There is still the criminal matter, which the powers-that-be has filed under NFA (no further action). It appears like the criminal case too has been ‘settled out of court’.
According to the police investigation, there is certainly something criminal that went on in MAS resulting in, according to the police, a RM8.8 billion liability for the airline company. This means there are TWO losses involved here. First was the loss on the government buy-back of the MAS shares at DOUBLE the market price and second was the operational loss suffered by MAS itself.
Now, what many may not be clear about is that the civil suit was on the shares while the criminal investigation was on the shenanigans in MAS that resulted in the RM8.8 billion fiasco. So they are actually two separate issues but both involving massive losses to the Malaysian government -- meaning, of course, the Malaysian taxpayers.
What is even more interesting and which is the main issue here, the police investigation also revealed that there was collusion between the Police and the Attorney General’s Chambers (AGC) to not prosecute Tajudin and to NFA the case.
Now, this is the Director of the Commercial Crime Investigation Department (CCID) who is alleging that the Police and the AGC are colluding to cover up a crime -- a crime, according to Tajudin in his Affidavit to the court, done on the instructions of Dr Mahathir.
Was this why they had to NFA the criminal case in 2007 and seek an out-of-court settlement on the civil case two weeks ago? Was it to ensure that the real purpose of the MAS exercise would not become public knowledge? Was it so that Malaysians would never find out that the RM8.8 billion MAS hole was to cover an even bigger RM30 billion forex hole that was created back in 1992 and 1993?
And remember one thing: RM30 billion 20 years ago is equivalent to RM100-RM150 billion today.
This was what the Director of the CCID said in his investigation report:
And this was what he said in his letter to the then Prime Minister, Tun Abdullah Ahmad Badawi.
From what I can see, the current manoeuvrings are an exercise in bail out and covering up. It seems that fat tf and cronies are taking a page out of madheys black magic book. Read this :
In the RM13.46 billion Statement of Claim that former MAS Executive Chairman Tan Sri Tajudin Ramli brought against Danaharta, he declared that the then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32% stake in MAS to bail out Bank Negara, which had experienced massive losses in foreign exchange.
THE CORRIDORS OF POWER
Raja Petra Kamarudin
Najib must give a frank and honest answer whether the RM589 million out-of-court settlement of Tajudin Ramli’s debts is proof that Malaysians today are still paying for the RM100 billion Mahathir financial scandals
Lim Kit Siang (25 February 2012)
Malaysians are entitled to a frank and honest answer from the Prime Minister, Datuk Seri Najib Razak, whether the RM580 million out-of-court settlement of Tajudin Ramli’s debts is proof that Malaysians today are still paying for the RM100 billion financial scandals perpetrated in the 22 years Tun Dr. Mahathir was the Prime Minister. And if so, they want to know of other such instances.
More and more Malaysians are asking this question as there is total lack of transparency, accounting, explanation, or details for the RM580 million out-of-court settlement with government-linked corporations (GLCS), raising the question whether the Barisan Nasional government has achieved another entry in the Guinness Book of Records in being the first government in the world to surrender a court judgment for RM580 million.
One big controversy among Malaysians today is who is to be believed, Mahathir or Tajudin Ramli about the “double bail-out” of MAS.
Tajudin had claimed through his affidavits that former premier Mahathir had made him buy MAS to help bail out Bank Negara after the central bank suffered massive foreign exchange losses due partly to speculation in foreign currency markets as a “national service” with an "Overriding Agreement" to indemnify him against any losses suffered. This has been denied by Mahathir.
Four reasons have been advanced by those who believe that Tajudin’s claims are more credible, viz:
(1) Tajudin would be out of his mind to buy at RM8.00 something trading at RM3.50 then.
(2) Tajudin would do so if he were protected by an overriding agreement as he claimed.
(3) The overriding claim appears credible because the government did subsequently buy back from him at twice market price which the government was not otherwise obliged to do so.
(4) Affidavits are sworn statements to court and false statements constitute perjury, a punishable offence.
As Prime Minister, Najib would know what actually transpired and Malaysians want him to tell the country the truth, whether it is Mahathir or Tajudin who is lying and whether criminal action would be instituted against Tajudin if he had committed perjury in his affidavits.
*************************
That was what Lim Kit Siang said on 25 February 2012. Two weeks ago, on 13 February 2012, Malaysia Today came out with EPISODE 6: How Malaysia Today ‘lied’ three years ago.
I had anticipated that Lim Kit Siang would jump and go for the jugular. This is because in 1994, almost 18 years ago, Lim Kit Siang was the very person who exposed a massive financial scandal that still holds the Malaysian Book of Records -- or the Guinness Book of Records, as Lim Kit Siang would say.
The financial scandal, which Lim Kit Siang was referring to, happened in 1992 and 1993. And no one except for a handful of those who walked in the corridors of power knew about this well-guarded secret until Lim Kit Sang raised the matter in Parliament. Hence we must revisit this 20-year old scandal because that particular matter is connected to the MAS (Malaysian Airlines) fiasco, which two weeks ago reached an ‘out-of-court settlement’ at a great loss to the Malaysian taxpayers.
Most Malaysians have forgotten the earlier episode of two decades ago -- or somehow do not see the link between that old episode and the current MAS scandal. Some I spoke to were not even aware of this scandal because at that time there was no Internet. Well, allow Malaysia Today to refresh your memory and explain how the issue of February 2012 is linked to the issue of 1992.
Today, we will first talk about the MAS issue.
In the RM13.46 billion Statement of Claim that former MAS Executive Chairman Tan Sri Tajudin Ramli brought against Danaharta, he declared that the then Prime Minister Tun Dr Mahathir Mohamad had instructed him to acquire a 32% stake in MAS to bail out Bank Negara, which had experienced massive losses in foreign exchange.
In other words, Tajudin was just doing ‘national service’ on the instructions of Dr Mahathir. And the whole objective of this exercise, said Tajudin, was to cover Malaysia’s massive forex losses. Hence, you can’t look at this MAS multi-billion disaster in isolation. You need to look at it in the context of the earlier scandal, the forex disaster, which the MAS exercise is supposed to cover.
The Chinese call this digging a hole to get the earth to cover another hole. Only that each new hole you dig gets bigger than the earlier hole you are trying to cover. (Don’t you just love Chinese sayings?)
Nevertheless, the MAS exercise itself was a disaster. Hence, the MAS exercise was not a solution to a problem but a problem as well. So now we had two problems, both running into billions of losses of hard-earned taxpayers’ money.
But that was merely the civil matter, which has now been settled out of court and is money down the drain. There is still the criminal matter, which the powers-that-be has filed under NFA (no further action). It appears like the criminal case too has been ‘settled out of court’.
According to the police investigation, there is certainly something criminal that went on in MAS resulting in, according to the police, a RM8.8 billion liability for the airline company. This means there are TWO losses involved here. First was the loss on the government buy-back of the MAS shares at DOUBLE the market price and second was the operational loss suffered by MAS itself.
Now, what many may not be clear about is that the civil suit was on the shares while the criminal investigation was on the shenanigans in MAS that resulted in the RM8.8 billion fiasco. So they are actually two separate issues but both involving massive losses to the Malaysian government -- meaning, of course, the Malaysian taxpayers.
What is even more interesting and which is the main issue here, the police investigation also revealed that there was collusion between the Police and the Attorney General’s Chambers (AGC) to not prosecute Tajudin and to NFA the case.
Now, this is the Director of the Commercial Crime Investigation Department (CCID) who is alleging that the Police and the AGC are colluding to cover up a crime -- a crime, according to Tajudin in his Affidavit to the court, done on the instructions of Dr Mahathir.
Was this why they had to NFA the criminal case in 2007 and seek an out-of-court settlement on the civil case two weeks ago? Was it to ensure that the real purpose of the MAS exercise would not become public knowledge? Was it so that Malaysians would never find out that the RM8.8 billion MAS hole was to cover an even bigger RM30 billion forex hole that was created back in 1992 and 1993?
And remember one thing: RM30 billion 20 years ago is equivalent to RM100-RM150 billion today.
This was what the Director of the CCID said in his investigation report:
And this was what he said in his letter to the then Prime Minister, Tun Abdullah Ahmad Badawi.
Join Date: Feb 2008
Location: Up In The Air !
Posts: 35
Likes: 0
Received 0 Likes
on
0 Posts
From TR to TF.....one devil to another ! How can this be allowed ? One fat bangla to have the whole aviation sector in his palms.
I hope that MAPA and the others stand their ground but i guess i will have a better chance to win the sports toto jackpot .
This whole deal just shows how corrupt the Malaysian gov really is, i hope that in the next GE,we the people will stand up and show the world that we are sick of this kind of stuff and we want CHANGE !
TF is so greedy and full of himself that he thinks that he is GOD and we should all thank our lucky stars for him coming down from the heavens to save us.....my only pray is that he suffers in his next life...well if he suffers now that will be great too.
All the sims in subang will be moved to sepang to be housed at the air asia academy once the new sim building is ready....one more part of MAS to be lost to the fat bangla devil...i hope he has a heart attack and DIES !
I hope that MAPA and the others stand their ground but i guess i will have a better chance to win the sports toto jackpot .
This whole deal just shows how corrupt the Malaysian gov really is, i hope that in the next GE,we the people will stand up and show the world that we are sick of this kind of stuff and we want CHANGE !
TF is so greedy and full of himself that he thinks that he is GOD and we should all thank our lucky stars for him coming down from the heavens to save us.....my only pray is that he suffers in his next life...well if he suffers now that will be great too.
All the sims in subang will be moved to sepang to be housed at the air asia academy once the new sim building is ready....one more part of MAS to be lost to the fat bangla devil...i hope he has a heart attack and DIES !
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,212
Likes: 0
Received 0 Likes
on
0 Posts
Malaysia Airlines Records Net Loss Of RM2.52 billion
Malaysian Airline System Bhd (MAS) recorded a net loss of RM2.52 billion, on the back of RM13.9 billion in revenue, for the financial year ended Dec 31, 2011.
For the fourth quarter, the national carrier recorded RM1.28 billion in net loss, on a turnover of RM3.68 billion, said group chief executive officer Ahmad Jauhari Yahya.
He said the bottom-line group losses for 2011 underscored the imperative need for the airline to immediately adopt strong measures to stop the "bleeding".
"These includes staff redeployment, increasing productivity and efficiency, relentless cost control and making further reviews.
"We are also implementing an aggressive sales and marketing strategy," he told a press conference here today.
Ahmad Jauhari said the group's full year performance was severely impacted by a 21 per cent increase in expenditure of RM16.2 billion, from RM13.41 billion in 2010, previously.
He said the higher expenditure was due to a 33 per cent increase in fuel cost of RM5.85 billion and a 15 per cent increase in non-fuel expense of RM10.43 billion.
The rise in non-fuel expense was mainly due to provisions totalling RM1.09 billion made in the fourth quarter for stock obsolescence, redelivery of aircraft and impairment of freighter aircraft.
Ahmad Jauhari said the accounts for the year under review recognised provisions and escalating operational costs which, although painful, provided a holistic snapshot of the organisation and full knowledge of the company's actual position.
For the full year, Malaysia Airlines saw capacity (available seat per kilometre) increase seven per cent, passenger traffic up five per cent but lower seat factor reducing to 75 per cent.
He said revenue and average fares across all classes showed improvement throughout the year, particularly in the front-end cabins.
However, there was an overall drop in seat factor as the airline strived for better yields.
On a regional performance basis, the domestic and short-haul, intra-Asean services continued to be key markets for the company, with these segments reporting positive growth on a quarterly, as well as, on a year to-date basis, he added.
Meanwhile, the cargo division suffered in line with an overall slowdown of the industry, globally.
Revenue dropped 14 per cent, capacity decreased nine per cent while yield increased two per cent.
Ahmad Jauhari also said MASkargo recorded a loss before tax of RM19 million in 2011 compared with a profit of RM141 million in the previous year due to higher fuel costs and impairment of its A330 freighter fleet.
-- BERNAMA
For the fourth quarter, the national carrier recorded RM1.28 billion in net loss, on a turnover of RM3.68 billion, said group chief executive officer Ahmad Jauhari Yahya.
He said the bottom-line group losses for 2011 underscored the imperative need for the airline to immediately adopt strong measures to stop the "bleeding".
"These includes staff redeployment, increasing productivity and efficiency, relentless cost control and making further reviews.
"We are also implementing an aggressive sales and marketing strategy," he told a press conference here today.
Ahmad Jauhari said the group's full year performance was severely impacted by a 21 per cent increase in expenditure of RM16.2 billion, from RM13.41 billion in 2010, previously.
He said the higher expenditure was due to a 33 per cent increase in fuel cost of RM5.85 billion and a 15 per cent increase in non-fuel expense of RM10.43 billion.
The rise in non-fuel expense was mainly due to provisions totalling RM1.09 billion made in the fourth quarter for stock obsolescence, redelivery of aircraft and impairment of freighter aircraft.
Ahmad Jauhari said the accounts for the year under review recognised provisions and escalating operational costs which, although painful, provided a holistic snapshot of the organisation and full knowledge of the company's actual position.
For the full year, Malaysia Airlines saw capacity (available seat per kilometre) increase seven per cent, passenger traffic up five per cent but lower seat factor reducing to 75 per cent.
He said revenue and average fares across all classes showed improvement throughout the year, particularly in the front-end cabins.
However, there was an overall drop in seat factor as the airline strived for better yields.
On a regional performance basis, the domestic and short-haul, intra-Asean services continued to be key markets for the company, with these segments reporting positive growth on a quarterly, as well as, on a year to-date basis, he added.
Meanwhile, the cargo division suffered in line with an overall slowdown of the industry, globally.
Revenue dropped 14 per cent, capacity decreased nine per cent while yield increased two per cent.
Ahmad Jauhari also said MASkargo recorded a loss before tax of RM19 million in 2011 compared with a profit of RM141 million in the previous year due to higher fuel costs and impairment of its A330 freighter fleet.
-- BERNAMA
Thread Starter
Join Date: Nov 2008
Location: Flyin' low and feeling mean
Posts: 194
Likes: 0
Received 0 Likes
on
0 Posts
MAS writes down value of A330Fs, blames P2F programme
By: Dominic Perry London
2 hours ago
Source:
Malaysia Airlines (MAS) has been forced to write down the value of its Airbus A330-200 freighters, blaming the airframer's recent decision to launch a passenger-to-freighter conversion programme for the type.
The carrier's MASkargo division will take delivery of the last of four new-build freighters this year, dating from a 2010 order. It also operates a pair of Boeing 747-400 Freighters.
However, in its full-year results for 2011, MAS booked an impairment charge of M$314 million ($104.8 million) against the value of the aircraft, citing losses in the cargo operation and the conversion programme which it said will "depress the value of new freighters".
Revenue at MASkargo fell by 14% in 2011, leading to a pre-tax loss of M$19 million, compared with a M$141 million profit in 2010.
MAS also plans to significantly reduce the size of its fleet by 2014, taking it from the current figure of 91 aircraft down to 80.
This will involve the return of some 58 older airframes to lessors, with the majority of these leaving MAS's fleet in 2012, it said.
Fleet reductions will focus on the "older uneconomical 18- to 19-year-old aircraft", it said. According to Flightglobal's Ascend Online database, the bulk of these are 737-400s, with it operating 33 of the narrowbodies built prior to 1995. Just three of its 36 737-400s were manufactured after this date.
Depending on when the older types are phased out, it could leave the carrier with as few as 33 of its current fleet this year.
Total cost of the retirements will be M$1.03 billion, with a charge of M$602 million booked in 2011's accounts. A further write-down on the value of aircraft spares cost it an additional M$179 million.
Meanwhile in 2012 MAS will receive 23 new aircraft, it said. According to Ascend this includes two A330Fs, eight 737-800s, three ATR 72-500s, four A330-300s and five A380s, with one as-yet unknown, from a total backlog of 60 at the start of 2012.
By 2014 the average age of its fleet will have been cut to 7.7 years, it said.
-
By: Dominic Perry London
2 hours ago
Source:
Malaysia Airlines (MAS) has been forced to write down the value of its Airbus A330-200 freighters, blaming the airframer's recent decision to launch a passenger-to-freighter conversion programme for the type.
The carrier's MASkargo division will take delivery of the last of four new-build freighters this year, dating from a 2010 order. It also operates a pair of Boeing 747-400 Freighters.
However, in its full-year results for 2011, MAS booked an impairment charge of M$314 million ($104.8 million) against the value of the aircraft, citing losses in the cargo operation and the conversion programme which it said will "depress the value of new freighters".
Revenue at MASkargo fell by 14% in 2011, leading to a pre-tax loss of M$19 million, compared with a M$141 million profit in 2010.
MAS also plans to significantly reduce the size of its fleet by 2014, taking it from the current figure of 91 aircraft down to 80.
This will involve the return of some 58 older airframes to lessors, with the majority of these leaving MAS's fleet in 2012, it said.
Fleet reductions will focus on the "older uneconomical 18- to 19-year-old aircraft", it said. According to Flightglobal's Ascend Online database, the bulk of these are 737-400s, with it operating 33 of the narrowbodies built prior to 1995. Just three of its 36 737-400s were manufactured after this date.
Depending on when the older types are phased out, it could leave the carrier with as few as 33 of its current fleet this year.
Total cost of the retirements will be M$1.03 billion, with a charge of M$602 million booked in 2011's accounts. A further write-down on the value of aircraft spares cost it an additional M$179 million.
Meanwhile in 2012 MAS will receive 23 new aircraft, it said. According to Ascend this includes two A330Fs, eight 737-800s, three ATR 72-500s, four A330-300s and five A380s, with one as-yet unknown, from a total backlog of 60 at the start of 2012.
By 2014 the average age of its fleet will have been cut to 7.7 years, it said.
Get out while you can. FireFly is on a road to nowhere, to be overwhelmed by LionAir and Air Asia when Open Skies ASEAN crashes into Malaysia in 2015, and MAS Widebody (soon to be MAS-X) will get you nowhere. P.S. Why was the AAX A-330 on the B Ramp tonight? All of MAS will be with Xanadu by 2015, mark my words....
