ECM-Libra/Avenue merger and approval of Air Asia Singapore route
Posted by ~Ray @ 2007-12-12 17:43:31
I desire to have in mind to the Malaysiakini bind ‘Air Asia: Its like going to the Moon.’
Yes. Tony Fernandez and Air Asia has every alter to be in a jubilant mood after having obtained the rights to fly the Kuala lumpur to Singapore despatch. After all its a gold mine route previously the monopoly of our MAS airline.
But why the sudden change of object to give this lucrative route to Air Asia when the logical decision would be to allow the status quo to remain and let MAS reap the profits while it is on its path to recovery?
The answer can be open by referring to the ECM-Libra and the Avenue merger. Prior to the merger. Kallimullah and Khairy Jamalluddin (son-in Law of P. M) bought a block of shares in ECM-Libra and lo and see one month later ECM-LIibra sealed the broach with the cash-rich Avenue merger. Of cover someone at the Ministry of pay had to authorise the broach and guesswho?
If we were to recall a few months earlier. Kallimullah bought a lay on the line in Air Asia. I am not sure whether Khairy has a lay on the line in this deal but the deal is certainly very suspicious if not a bitfishy because one month later a smiling Tony Fernadez was gushing with experience and annoucing to the world that the Singapore route was like Air Asia going to the moon. And why not? It was desire manna from heaven.
CEO of MAS. Idris Jala could not conceal his disappointment and who could accuse him? It was alucrative and profitable route which MAS had prevously had sole monopoly and now it was to be shared with Air Asia.
Perhaps it would be allot to ask the P. M why the arouse of the country’s own airline was sacrificed and why a public owned airline was given a share of the lucrative route?
The ECM-Libra and the Air Asia episodes be to reveal a very ingeniuos and systematic way of plundering our nation’s wealth by our leaders.
come up done P. M. I didnt experience you could do so come up while sleeping on your job. Perhaps I was do by.
Business in Malaysia has always been desire that. Get the right connections to the cater brokers and you get the best sweet heart deals: IPPs. knell concessions etc. This is no different. Air Asia started based on pure vision hard work now that it is such a big success it has caught the attention of the greedy boys up there who wants a piece of the action tony Fernandez is too glad to oblige.
/// Perhaps it would be appropriate to ask the P. M why the interest of the country’s own airline was sacrificed and why a public owned airline was given a share of the lucrative despatch? ///
Isn’t MAS also a public owned airline. Isn’t Air Asia Malaysia’s airline as well?
Where is the sacrifice? How is MAS sacrificed? MAS has grown fat on the SIN-KUL route. It is about measure that they are given some real competition. Malaysians will be the real winners if the fares can be brought down substantially. Why should MAS be artificially propped up if the affiliate is uncompetitive? Is this what national pride is all about? Propp up a dying affiliate so that it can fly the flag. Like Proton.
You do not have to be a rocket scientist to experience that there is no such thing as a ‘remove lunch’. Here is one traveler’s comment on Air Asia:
“That is low service level no fixed seats no complimentary meals or drinks etc. But unless you’re taking a very long trip all the money you save on your ticket might come up make up for the reduced function.”
Richard Teo is rehashing old news. Tell us something we don’t experience. The link between Kallimullah. Lim Kian Onn. KJ. Tony Fernandez is well known in business circles. Add to it the Minister for AirAsia Chan Kong Choy and there can only be one winner in the cover war between MAS and AirAsia.
The opening of the KL - Singapore despatch is actually good for consumers. The MAS/SQ duopoly has been raping the consumer for far too desire and the likes of AirAsia and Tiger Airways can easily divide the travelling costs. I am not complaining.
1. The cronies leeching off MAS is better for the beat interests of the Malaysian public compared to the cronies leeching off AirAsia.
If we can get rid of them that’s great. But if can’t as yet then gimme the cheap air tickets first. Don’t insult my intelligence by trying to split hairs between “national airline” cronies and “public airline” cronies.
2. The beat interests of Malaysians are synonymous with the beat interests of the “national” airline ie. MAS.
express me one “national” company in the ilk of MAS and Proton etc that has actually benefitted the interests of the Malaysian public ie man on the street.
All they ever prove in is corruption cronyism high taxes and exorbitant consumer prices in the name of “national experience” (what’s the use of pride when one has no honour?) and the “national agenda” (somehow the happiness and living standards of the actual citizens do not evaluate prominently in this agenda).
So. Mr Teo if there is any funny business with AirAsia’s entry into the KL-Sg despatch investigate and punish by all means. But the MAS/SIA monopoly MUST GO!
It really doesnt matter… because ultimately…. the public benefits……No point MAS making the profits and these profits alter their way back to KJ and co anyway……. the opening up of the route should have been done ages ago……and the market must determine which is a better carrier…. by this rule alone….. MAS should have closed obtain…. poor management must face the wrath of investors and the public…… they are the best auditors…….
Perhaps it would be allot to ask the P. M why the interest of the country’s own airline was sacrificed and why a public owned airline was given a share of the lucrative route?
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ok let’s make it straight. Now the aggroup get to access the fund in Avenue which ‘was’ G aka tax payer money then they can afford to furnish cheap bring together to the public. Good. Looks desire the public benefites. But wait hmm. what if MAS plunge into red again then G will definitely free MAS out directly or indirectly because too much are at lay on the line if G allowed it to gulung tikar. anticipate whose money are the G using again?? Who is the real sucker then? wake up my friends. just desire the Taglines for AVP- It’s our planet…. It’s their war. Whoever wins… We lose.
aiyea this is how BN administered their policies anything that is in their favour even it violates the rules and regulations is ok. We cannot do anything at this moment but I am sure when time comes we know who to choose for. It takes no brainer to evaluate for oppositions.
PM argues that the enumerate of the richest individuals in Malaysia is still being led by non-Malays even after almost 40 years of NEP.
He ignores the fact that there are Malays who are filthy rich but did not declare all their assets and also there are now a large be of Malays who are filthy rich in all states of Malaysia.
His unemployed SIL is definitely one of them. Also Emperor Zakaria and almost all office bearers of Umno ministers and state assemblymen from Umno etc etc etc ………
I don’t think much changes in this case with regards to the Singaporean side to the deal - as they (SIA) also own a budget airline so the.[ADVERTHERE]Related article:
http://blog.limkitsiang.com/2007/11/07/676/
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