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KK Lee

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Everything posted by KK Lee

  1. Pilferage is likely to occur at departure or transit airport as more time is available. At arrival airport, more likely by customs.
  2. To be competitive internationally, the country need to cut red tapes (hopefully not length wise).
  3. Iran’s Foreign Ministry called in the South Korean ambassador last month to demand payment of 7 trillion won ($6 billion) for oil it sold to the Asian country, Chosun Ilbo reported, citing officials it didn’t identify. Iran expressed “strong regret” over Seoul’s failure to complete the payment, which has been deposited at two South Korean banks without being transferred to Iran’s central bank for years due to U.S. sanctions against the Middle Eastern country, the newspaper said. It added that other Iranian authorities including the central bank also complained. https://www.bloomberg.com/news/articles/2019-12-14/iran-demands-6-billion-oil-payment-from-south-korea-chosun?srnd=premium-asia The trap is clearly marked and U.S won't stop anyone to walk into. When will DoJ sprung the trap depends on U.S administration i.e politics. The longer one spend in the trap, more leverage and damages is expected, which many foreign banks e.g hsbc have experienced.
  4. U.S. economic sanctions against Iran are illegal and Malaysia does not support them, the southeast Asian nation’s Prime Minister Mahathir Mohamad said Saturday in Doha. The curbs have constrained Malaysia’s access to an important market and trading partner, he said at a conference in the Qatari capital. https://www.bloomberg.com/news/articles/2019-12-14/malaysia-does-not-support-u-s-curbs-on-iran-premier-says?srnd=premium-asia If Dr M is encouraging local companies to breach U.S economic sanction, FAA is unlikely to restore CAAM status anytime soon.
  5. Heard CAAM had a lengthy meeting with FBO yesterday afternoon. It seems issues raised by FAA audit was not act upon within the stipulated period. A major concern now is will EASA follow FAA?
  6. A reduction of mavcom expenses is enough to pay for caam's shortfall. Some in the chain of command were arrogant.
  7. "The CAAM chief executive officer has tendered his resignation on the Nov 1 and in the interim, an executive committee of the board has been established to oversee the operations of CAAM. https://www.malaysiakini.com/news/499462
  8. Mavcom is an extended arm of gomen and "the chairman is reported directly to PM", what independent?
  9. T1 pax subsidize T2? this is something new. If klia2 gateway is detached from T2, T2 is no more comfortable than T1 MTB.
  10. To turn around MH need to endure a few years more losses and cost about USD 2 billions. Not easy to convince any sensible airline/CEO to consider unless gomen subsidize substantially or Softbank is a backer.
  11. Even with 3 runways in operation, it is common for MH 9am bank of departure to queue for 20 minutes to take off.
  12. The results of poacher also a gamekeeper.
  13. Unless gomen is willing to subsidize forever, RAS could either terminated or need to change to reduce losses. Believe commuters understand and would accept re-schedule due to weather. There are reasons to keep fixed deposits isolated.
  14. For maswings to stop losing money, the gomen should replace atr-72 with smaller aircraft, ras to operate by single engine single pilot turboprop.
  15. The fewer and smaller gomen agencies the better for taxpayers.
  16. Few if any vvip would notice ict or back office upgrade, hence budget is almost always not available. However, if the project could rise the management profile or please some vvip, for certain budget is available.
  17. The facts remain MH is losing a few hundred millions RM every year in this few years and there is no end in sight.
  18. To turn around MH need to re-fleet and re-fleet take about 3 years, and who is going to bare the losses of about RM 3bn for this interim 3 years? If ceo of lion air is involve in black money, boeing and u.s banks wouldn't have deal with him. MH need not limit to BKK, SIN and CGK alone, KNO, HKT, HDY, BTJ, PKU, BWN, KBV, etc are source of pax. If MAHB is efficiency, these regional could arrive KUL just before 8am. However, if market dictate, MH could shift bank of departure to 1000 hour for a more friendly departure time. LH, KL, BA have their layover regional to arrive FRA, AMS and LHR at about 0900 hour. MH like many Malaysians tend to place the cart in front of the horse. If the route is financially feasible, extra cost on layover, parking fees would be taken care of. A reason why FSC like LH, KL, BA and AF are still surviving.
  19. Most countries need cheap foreign workers to keep the economy buzzing e.g US, UK, Germany, Saudi, Dubai, SG, etc. If MH intend to attract business travelers from neighbouring countries, they should have layover within 2 hours flight time from KUL, so these pax could connect to MH 9am bank of regional flights. The main issue with local workforce is poor productivity and unwilling to learn new skill. Believe there are enough business travellers ex-KUL to keep MH profitable. Unfortunately, MH has yet to understand their needs and how to keep them happy. Airlines business is like hospitality business. Low season is more critical than peak season. Everyone could make a killing during peak season. But whether the business could be profitable for the WHOLE year depends on low season performance. It seems MH management is still don't realize and don't have solution.
  20. Malaysia could have cheaper labour if foreign worker permit and levy is cheaper. Malaysia is also one of the few countries that need AP for many import items. Btw, labour market in Vietnam is tight and some manufacturers find it difficult to recruit enough workers. For reasons, for marginal fare difference, why many pax prefer to take transit or longer flight than MH non stop service. As said, MH shouldn't and need not limit itself to home market alone. There is nothing to stop MH to attract business travelers from other countries where they are flying to.
  21. It doesn't mean KUL shouldn't, need not or couldn't be improved or better.
  22. MH had billions RM of handout too over many years but couldn't sustain. There is no doubt, most malaysians disposable income is relatively poor and trained to be thrifty and would choose price over quality or quantity e.g prefer $9.9/800g rather than $11/kg.
  23. Like MH, TG has too much political interference. However, TG has a wider network and revenue, could sustain abuse a bit longer.
  24. MH365 PKX-KUL is a good example; MAB rather put the cart (i.e saving on parking charges and may be crews layover) ahead of horse (pax convenience).
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