KK Lee
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Posts posted by KK Lee
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Talked to someone who is familiar with the klia aerotrain; it seems, different vendors have submitted a number of proposals to mahb in the last few years and mahb ignored them all.
Believe or not; crossover switch between the existing tracks and the Operation, Maintenance and Storage Facility (OMSF) doesn't work. OMSF is practically useless and why aerotrain maintenance is carry out at the satellite station.
Not that current rolling stock from bombardier couldn't be repaired. It is just purely mahb mismanagement and incompetency.
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KUALA LUMPUR (Oct 11): The government remains committed to brand Malaysia as a top destination for tourism, with the Visit Malaysia 2020 (VMY2020) campaign targeting to achieve 30 million tourist arrivals.
To support efforts in making VMY2020 a success, the government said it will continue to allocate 50% of tourism tax to the respective state governments.
The government is also allocating RM1.1 billion to the ministry of tourism, arts and culture, including an allocation of RM960 million to drive awareness, promotions and programmes of the VMY2020 campaign.
The government today proposed an allocation of RM2 billion in 2018 Budget as tourism fund to provide loans for operators next year.
Prime Minister Datuk Seri Najib Razak said the fund to assist the small and medium-scale enterprises would provide loans at subsidised interest rate of two per cent.
“Of the amount, RM1 billion will be allocated for Tourism Infrastructure Development Fund as soft loans,” he said.
Najib said RM500 million would be used for development and promotion activities through improved tourism facilities, homestay and eco-tourism programmes.
https://www.nst.com.my/news/nation/2017/10/295750/2018-budget-rm2b-improve-tourism-industry
Mean substantial amount of federal funding was siphoned off.
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Everyone in mab knows no matter how much losses mab incurred, gomen will bail it out. The only possibility to turn around mab is to replace entire bod and top 3 level of management, contract a management team from me3. similarly for mahb.
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10 hours ago, JuliusWong said:Malaysia Airlines to acquire 20 A330neo for widebody fleet renewal
Mean mas has given up on business turnaround plan, is lacking strategic plan and will remain at current status for foreseeable future.
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Without a realistic strategic business plan, mh is neither here nor there, wanted to compete with lcc but opex is too high, wanted to be a fsc but service level and product is like lcc, is lost in the wilderness, become irrelevant.
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On 7/16/2022 at 5:19 PM, jani said:So we will now see 3x DOH per day? 2x MH 1x QR? Or will QR exit?
Speaking about all these lack of strategy and funding etc, should just ask Qatar to buy MH through IAG, who they own 25% of already 😁
Although half joking, it does make some sense from a network point of view.
mh or kul couldn't add much value to qr network, doubt Akbar Al Baker would even consider.
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8 hours ago, JuliusWong said:If I have paid for for Q Suite, I will definitely be pissed if they put me on MH frame. Both J class are two worlds apart.
QR does advised kul-doh sector is operate by mh.
11 hours ago, jahur said:Doesn't help that the gov is charting our airlines towards very low yielding countries. Luckily it has been beneficial for Airasia as the target market meets theirs. Other govs in ASEAN have very fix distinctive strategy for their flag carriers to leverage on. Even communist Vietnam knows what works for Vietnam Airlines.
Malaysia gov is asking you to fly a330 into chongqing etc expecting full business class by chinese taukehs. Then wondering why it doesn't work while you have mumbai dehli bali overbooked on business class and you are only sending 737s over there.
MOT and PMO is not known to be business savvy; to follow their directive is almost certain to end in losses. type of aircraft deployed is operational, for mot to get involved could only end with bad result, also means mab management is spineless.
11 hours ago, flee said:It would seem that MAB's parents, MAG is only able to receive Khazanah funds and is not able to raise capital on its own. So far, Khazanah seems only prepared to grant funds for operations but not for capital expenditure. Therefore MAB cannot really do much in terms of charting a long term strategy for the airline - not that they have ever been great at that, even in their heydays.
They are only "good" at making turnaround plans. 🤣
Aircraft delivery take a few years. without a feasible strategic plan, mh couldn't ensure long term survival..
heard from a few friends; it seems mh has been cancelling low load flight and combined pax to improve load, also means mh is not dependable. those pax with tight schedule is not advisable and unlikely to book with mh.
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6 hours ago, JuliusWong said:Rafidah has resigned as Chairman of AirAsia X and TF has been appointed as acting GCEO. who replaced Nadda who has passed on (RIP).
Dr. Patima Jeerapaet took over as Thai AirAsia X CEO since April 2022.
Rumour is TF wants to fold AirAsia X into AirAsia mainline service. Same goes to Thai AirAsia X into Thai AirAsia. With that we may not know if their long haul service is making loss or money in near future.
A330neo order is down to 15 and A321XLR order is now down to 20. Delivery from 2026 onwards for A330neo, A321XLR unknown for now.
History proved, D7 business model is unprofitable, make sense to hide under AK.
To improve yield, it make sense to mix a321xlr with a330.
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4 hours ago, Dr Frasier said:Malaysia Airlines to commence second daily flight to Doha from 01Aug2022
MH164/165 will also be operated by A330
MH164 KUL0255 – 0515DOH 333 D
MH160 KUL2120 – 2350DOH 333 D
MH161 DOH0150 – 1440KUL 333 D
MH165 DOH0805 – 2055KUL 333 DReservations are not open yet so still subject to change
Believe most pax on these flights would be on qr ticket, to allow qr to reassign their aircraft to other routes.
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It seems mab is still largely dictated by the government, don't have strategic plan or realistic business model.
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On 1/17/2022 at 5:39 PM, JuliusWong said:KUALA LUMPUR (Jan 17): MYAirline Sdn Bhd (MYAirline), a newly-established ultra low-cost carrier (ULCC), is expected to be launched soon, sources said, noting that it will challenge AirAsia Group Bhd’s dominance in the budget airline industry.
A check on the Malaysian Aviation Commission’s (Mavcom) website by theedgemarkets.com showed that the new ULCC, which was previously registered as Z9 Elite Sdn Bhd, has been granted conditional approval for an air service licence (ASL) by the commission on Dec 22, 2021. The licence is valid for 12 months from Jan 1 to Dec 31, 2022. An ASL allows the licence holder to conduct scheduled passenger and cargo services like those of Malaysia Airlines Bhd and AirAsia.
MYAirline’s filing with the Companies Commission of Malaysia (SSM) revealed that it has two million shares at RM1 per share, amounting to RM2 million in paid-up capital.
“Credible information that a new ULCC is currently in the process of seeking regulatory approval to set up in Malaysia, having signed deals to lease two Airbus A320s at cheap leasing rates,” CGS-CIMB Research aviation analyst Raymond Yap wrote.
The shareholders made up:
- Zillion Wealth Bhd (88%)
- Trillion Cove Holdings Bhd (10%)
- Rayner Teo Kheng Hock (2%)
Directors are:
- Datuk Goh Hwan Hua - shareholder of both Zillion Wealth and Trillion Cove
- Datuk Abd Hamid Mohd Ali - previously the COO of MAHB between 1992 and 2016.
- Datuk Seri Azharuddin Abdul Rahman - formerly DG of Malaysian Civil Aviation Department (DCA) and former chairman of (CAAM) between 2008 to 2018.
- Rayner Teo Kheng Hock - previously AirAsia’s group head of sales and distribution between 2004 to 2020.
- Jothi Prakash Murugan - has a background in information technology (IT) and serves as a director of Trillion Cove.
Let me see, shall we take a bet how long it will last? The main shareholding companies sound very doggy. Datuk Goh Hwan Hua is the guy behind i-serve raided by BNM 2 months ago. I would say be careful........https://forum.lowyat.net/topic/5215870/+60
On 1/20/2022 at 3:29 PM, michgyver said:Datuk Goh, founder of i-serve scam, raided by BNM 2 months ago for illegal deposit taking. Becareful.
Sound like, smell like, look like
money game -
Granted aoc is probably the easiest and least costly task. many under estimated amount of cash needed to sustain the operation before cash flow positive.
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Believe mas incurred less losses in the last two years than before.
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On 1/25/2022 at 10:24 PM, flee said:I think Malaysia is still in the FAA's Category 2 and I doubt any new routes will be approved. London has never made profits, so unless they make a concerted effort to include more cargo, it will be another loss maker. I think London will need to be a 1 stop flight as the A333 cannot make it without load restrictions.
It will be interesting to see if their A321s will have premium seats and keep the pax limit to about 200 to save on cabin crew.
Cambodia keeps inviting foreign companies to set up airlines - are those set up by Chinese companies are not up to their government's expectations? I wonder what else can an Airasia Cambodia do to improve the situation for a country where the population are too poor to fly on a regular basis.
On 1/25/2022 at 4:16 PM, JuliusWong said:Either, AirAsia X will need to send their aircraft to whichever location the lessor dictates them to do so. Most of them would ask AirAsia X to send to LH Teknik at MNL, once completed fly them to CRK for longer storage. Occasionally lessors do ask for Singapore. If I remember correctly, the A340s previously did their pre-delivery maintenance at SIN and lease return check at MNL. I do think 9M-XBE is gone for good, the last densely configured A330-300ceo.
Based on my insider's news, Tony remains very upbeat on AirAsia X, they are applying for London, New York and Los Angeles now while waiting for the borders to re-open. Not sure if he has woken up and smile the coffee tbh....... They will have around 12-15 A330-300 after lease returns depending on negotiation. They have applied for government grant to support the airline but due to gomen bureaucracy, it is now stuck, so they need to look for new finance source. The 15 A330-900 delivery has been pushed back to 2026-2029, depending on the region recovery. 20 A321XLR delivery from 2024 onwards and will replace all four-to-six hours routes, again depending on the region recovery.
He will visit Cambodia soon to set a new airline there, AirAsia India is in the process of winding down. Some of their A320ceo are now being transferred/ returning to AirAsia Malaysia fleet.
Almost anyone with cable and deep pocket could obtain aoc in cambodia. those chinese funded or controlled cambodian airlines was intended to bring gamblers and investors from prc to sihanoukville. it may be relatively easy to obtain aoc but operating environment is a different story.
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6 hours ago, flee said:Yes, they have good examples in VietJet and Cebu Pacific...
More worrying is that they might be preparing to liquidate D7 if the restructuring does not work because Covid is still very much a big problem for international travel.
d7 current business model of operating a333 only is not feasible. for d7 to sustain, a change of business model is essential.
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On 12/31/2021 at 7:17 PM, flee said:Special Report: Malaysia Airlines turns cash-flow positive in October, 2023 breakeven target in sight
Without sharing network planning, it is difficult to judge whether 'cash flow positive in october 2023' is realistic or not. if previous attitude remain, mas will need ltbt x.0.
rm3.6 billion is sufficient to start a new airlines and have a better chance to success.
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2 hours ago, flee said:Malaysia Airlines seeks UK court to complete debt restructuring by 1Q
Either plan a or b, creditors will loss and the management remain unchanged. old wine in new bottle.
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22 hours ago, Chris Tan said:Sounds more like a termination than seasonal suspension....
😨I have substantial credit with BA.
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China’s aviation regulator is recommending cabin crew on charter flights to high-risk Covid-19 destinations wear disposable diapers and avoid using the bathroom to reduce the risk of infection.
The advice comes in a 38-page list of guidelines for airlines to prevent the spread of coronavirus. The sixth edition echoes similar instructions in previous, less lengthy versions.
The Civil Aviation Administration of China said the recommendation applies for charter flights to and from countries and regions where infections exceed 500 in every one million people.
The diaper advice is in a section on personal protective equipment, which also recommends the following for cabin crew:
- Medical protective masks
- Double-layer disposable medical rubber gloves
- Goggles
- Disposable caps
- Disposable protective clothing
- Disposable shoe covers
Flight crew should wear masks and goggles, but they don’t need diapers.
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13 hours ago, jahur said:Might not be as feasible. Infact Saudi Arabian Airlines is the best choice for Indonesians now its direct and cheaper than Garuda and they are allowed multiple frequency into Jeddah compared to other carriers. Might expect them to expand with mab and thai pulling out.
Saudi airlines will face same weight limit.
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2 hours ago, jahur said:Umrah is all year round only Haj is seasonal. Indonesia does occasionally lease a few European based charter like wamos air though its for Haj only. Jakarta 3 runways is still not rated for 340 tonne above weight aircrafts lol. So high density 748s 77w and a380 still cant land there.
744, 77w and a380 could refuel at sin or kul.
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6 hours ago, jahur said:Heard the planes will no longer leased by mab and will be put on long term storage until another buyer or leaser comes(highly unlikely as the spec mab configured is too low spec interested party like Emirates and BA have turned away due to this).
As for Indonesia even with a large bulk of 330s it wont he able to suffice Saudi's strict slot timing restriction. Unless Garuda sends 400++ seaters and reduce the frequency. A big margin of Indonesians have also used Thai airways but now thai is also not keen on doing feeder umrah and haj. Friends in indonesia have complained the haj umrah fares by lion and garuda to be very pricey when compared to flying with Saudia and other Carriers.
As haj umrah is seasonal, wet lease 773, 744, A380 is an option.
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KUALA LUMPUR -- Low-cost carrier AirAsia said it has halved its fixed costs and is exploring its options to raise working and operating capital, including selling spare aircraft engines, as the airline continues to struggle because of travel bans imposed in Malaysia, Indonesia and Thailand -- three of its core markets.
The airline's sales fell 86% to 442.9 million ringgit ($108 million) for the third quarter ended Sept. 30, compared with 3.07 billion ringgit in the corresponding quarter last year. Its net loss widened to 851.78 million ringgit from 51.4 million ringgit previously.
The third-quarter performance brings the airline's year-to-date sales down to 2.87 billion ringgit from 9.07 billion ringgit over the same period of the previous year. It has recorded a net loss of 2.66 billion ringgit for the cumulative nine-month period.
https://asia.nikkei.com/Business/Transportation/AirAsia-seeks-sources-of-cash-as-net-loss-widens
Unless major shareholders like tf subscribed to right issue, not many banks will extend substantial loan to aagb.
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KUALA LUMPUR -- Malaysia's finance minister has sent a strong signal that Malaysia Airlines will benefit from state financial support to ensure its survival, as talks continue over a possible debt restructuring to salvage the national flag carrier.
Tengku Zafrul Abdul Aziz told Nikkei Asia that MAS' sole shareholder Khazanah Nasional -- a state wealth fund wholly-owned by the government -- has been told to put the airline in a "position of strength" to support the domestic economy after the COVID-19 pandemic.
"The Ministry of Finance has spoken to Khazanah and asked them to ensure that MAS continues to be in the position of strength to support the economy when it recovers," said Tengku Zafrul, an ex-banker who was appointed in March.
Funding is guaranteed. old wine in new bottle.
MAHB in final stage of assessing RM400mil aerotrain bids
in General Aviation
Posted · Edited by KK Lee · Report reply
FRA T1 allow separation of domestic, international arrival and international departure pax in a single terminal.