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Raymund Yeoh

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Everything posted by Raymund Yeoh

  1. Not sure where u r based but CX offers a good connection ex-HKG....If u r in KUL or PEN, should not be an issue....I have been using them for almost 3 years and no complains
  2. Taken on 13th August 2011, while my flight CX 693 was moving down for takeoff. Dragonair B-HSI A320-200 Air Canada C-FNNH B700-200LR as AC016 to Toronto
  3. Taken on 13th August 2011, early morning around 730am. Very bad haze/smog resulting in bad visibility for spotting Capital Airlines B-6401 A319-100 Air China B-2511 B737-800 Air Macau B-MAP "Rio Das Perolas" A321-100 American Airlines N761AJ B777-200ER as AA186 to Chicago
  4. Youre right......Malaysia seems to be the only current where "those who walk along the corridors of power" will want a piece of cake in everything...making our current situation getting worse by the day.....
  5. Very nice, kanehoshi!!.....is this the first time they are flying after so many years......
  6. For me so far no problem when doin OLCI for MI & CX ......I use them every month......
  7. He ain't nuts but not qualified to be a finance minister hence not even qualified to be an MP.....full of nonsence.
  8. Just came back from PEK...will post a few shots I manage to take while my KA flight was queeing up for take off.....I departed from gate E25 at T3....at the end of the E gates, it is a good place for spotting as the glasses are big n very minor reflection....however the ever famous smog/haze prevented me from taking any decent pix of plans taking off runway.....could see the new MH A333 at T2 preparing
  9. Very nice pix of the Hinds and the partially hidden Huey.....Does anyone know when n why they buy Huey's ? Anyone got a frontal shot of the MIL-24 gunships taken by kanehoshi?
  10. well...he's full of suprises.....who knows he may move the regional office to London instead of Jakarta with the pretence of blah blah blah
  11. Since the so called "merger" of AK-MH and dropping of lawsuits against its ex-MD.....anythin is possible these days.....
  12. Putrajaya directs GLCs, Danaharta to drop all claims against Tajuddin Ramli By Leslie Lau Executive EditorAugust 11, 2011 Tajuddin flew high in the 1990s. — Picture courtesy of mykedah.comKUALA 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). 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.
  13. Yes I believe MAS is there for making money but it only goes into the pockets of certain people n their posse of cronies....
  14. Azizul, I'm with u on this and I guess so does most Malaysians who wants MH to be one of the top in the world but as long as our country is run by BOLEHmen .... this will not happen anytime in the near future......even they do select someone non-bumi, he or she will just be a puppet in a nice cushy leather ottoman....in my opinion, the g'ment and all its associated siblings like Khazanah n the rest needs to HANDS OFF MH for it to be off the life support system.....just look at GA......there r improving by the day n I wont be suprised if they overtake MH in due time
  15. I wonder will MH suffer the same fate as AI being "disqualified" for entrance to Star Alliance ..... since all the hoo-hah happening in MH will not end in the short term....
  16. Fr what I see the female uniform kebaya still retains the same design n outlook......i dont really see any difference The male uniform looks light years better than the current bow tie version....I see the male uniform shirt and tie are almost of the same colour and there is a vest underneath the blazer... Correct me if I'm wrong
  17. what lens u used....is it heading to Changi ?
  18. If i remember correctly RJ already flies into BKK...dunno if they still do.....
  19. Simply fantastic pictures !!....
  20. Mushrif, your comments holds water. However IJ and TF are business men and have experience in running multi national companies/conglomorates and turing profits at its max.... Just look at the CV for Munir before becoming chairman of MAS.....his portfolio doesn't really hold much water or in plain simple english have any significant contribution to those companies that hired him I do agree with flee and Mike P....they can have the CEO and chairman being the same person....
  21. Looking at the Munir's previous credentials before becoming MAS chairman, clearly he has no experience in running an airline. Just hope MH or Khazanah or the gomen will be "genuine" & "smart enough" to appoint or hire a replacement who knows how to run an airline and turn around the airline..... I wonder during his tenure here as MAS chairman, does anyone know what he did to help turn the airlines around besides chairing BOD meetings ??....
  22. When will FY flights start earning Enrich miles......this is the only drawback for me taking FY flights....
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