flee 5 Report post Posted November 3, 2011 Parliament: SC, Bursa Launch Probe Into MAS-AirAsia Share Swap KUALA LUMPUR, Nov 3 (Bernama) -- The Securities Commission (SC) and Bursa Malaysia have launched an investigation into the swap deal between state investment arm Khazanah Nasional Bhd and Tune Air Sdn Bhd of shares in Malaysian Airline System Bhd (MAS) and AirAsia Bhd. Deputy Finance Minister Datuk Dr Awang Adek Hussin told the Dewan Rakyat today that the probe would also look into the possibility of insider trading. "It will take time because it involves many accounts and a huge value. "In this matter we need to look into it thoroughly," he said when winding-up the debate on the Supply Bill 2012 on the ministry's behalf today. He said if the probe by the SC and Bursa Malaysia found evidence of insider trading, the Malaysian Anti-Corruption Commission (MACC) could also be invited to investigate. Under the deal announced in August, Tune Air and Khazanah -- the major shareholders of AirAsia and MAS respectively -- agreed to swap their shares which resulted in Tune Air holding 20.5 percent equity interest in full service carrier MAS and Khazanah holding 10.0 percent equity interest in budget airline AirAsia. Share this post Link to post Share on other sites
Raymund Yeoh 1 Report post Posted November 3, 2011 Parliament: SC, Bursa Launch Probe Into MAS-AirAsia Share Swap KUALA LUMPUR, Nov 3 (Bernama) -- The Securities Commission (SC) and Bursa Malaysia have launched an investigation into the swap deal between state investment arm Khazanah Nasional Bhd and Tune Air Sdn Bhd of shares in Malaysian Airline System Bhd (MAS) and AirAsia Bhd. Deputy Finance Minister Datuk Dr Awang Adek Hussin told the Dewan Rakyat today that the probe would also look into the possibility of insider trading. "It will take time because it involves many accounts and a huge value. "In this matter we need to look into it thoroughly," he said when winding-up the debate on the Supply Bill 2012 on the ministry's behalf today. He said if the probe by the SC and Bursa Malaysia found evidence of insider trading, the Malaysian Anti-Corruption Commission (MACC) could also be invited to investigate. Under the deal announced in August, Tune Air and Khazanah -- the major shareholders of AirAsia and MAS respectively -- agreed to swap their shares which resulted in Tune Air holding 20.5 percent equity interest in full service carrier MAS and Khazanah holding 10.0 percent equity interest in budget airline AirAsia. 6 months later....it will be swept under the carpet with no news at all Share this post Link to post Share on other sites
flee 5 Report post Posted November 4, 2011 Speed Up Probe Into MAS-AirAsia Share Swap, Says Dr Mahathir KUALA LUMPUR, Nov 4 (Bernama) -- Tun Dr Mahathir Mohamad has urged the probe into the swap deal involving Malaysian Airline System Bhd (MAS) and AirAsia Bhd shares to be conducted as quickly as possible. "If one wants to investigate, go ahead but make sure it doesn't affect the daily operations of MAS and AirAsia," the former prime minister told reporters after delivering a speech at the end of the 3rd World Chinese Economic Forum here. It would be difficult for the carriers to operate if the investigators seized their accounts and kept them for months, he said. Yesterday, Deputy Finance Minister Datuk Dr Awang Adek Hussin told the Dewan Rakyat that the Securities Commission (SC) and Bursa Malaysia had commenced investigations into the swap deal. Pursuant to a collaboration agreement announced in August, Tune Air Sdn Bhd and state investment arm Khazanah Nasional Bhd -- the major shareholders of AirAsia and MAS respectively -- swapped their shares which resulted in Tune Air holding 20.5 percent equity interest in the full service carrier and Khazanah holding 10.0 percent in the budget airline. Dr Mahathir said it supported the deal because it would add value to MAS. "My only complaint was the management. MAS often posted losses while AirAsia had been able to reduce costs without incurring losses. "So AirAsia must know something that perhaps can be applied by MAS," he said. Share this post Link to post Share on other sites
BC Tam 2 Report post Posted November 4, 2011 The whole of MAS will be waiting in anticipation for tomorrow's Town Hall meeting at MAS Academy with AJ So what transpired at the town hall then ? Still standing ? Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted November 4, 2011 So what transpired at the town hall then ? Still standing ? Well, there's mixed feelings. Some have fallen for Tony's charms, others called him a sweet talker & a snake. Personally, I think it's more of a PR exercise to reduce the anger of the staff towards TF. Oh, and the A380's going to have another livery that's not the current Euro-white & the swoosh. I suggested they bring back the Hibiscus, although we'll see soon if they took it into consideration. Share this post Link to post Share on other sites
Mike P 0 Report post Posted November 4, 2011 Is the MAS Union still going for the strike in early December? Share this post Link to post Share on other sites
BC Tam 2 Report post Posted November 4, 2011 Oh, and the A380's going to have another livery that's not the current Euro-white & the swoosh followed by (the confused puppy thing comes to mind again ) Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted November 4, 2011 Is the MAS Union still going for the strike in early December? That is the burning question that's still unanswered. Share this post Link to post Share on other sites
Mushrif A 3 Report post Posted November 4, 2011 followed by (the confused puppy thing comes to mind again ) Don't be. It could be the Euro-white MINUS the swoosh, as opposed to " not the current Euro-white AND the swoosh". Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted November 4, 2011 (edited) Don't be. It could be the Euro-white MINUS the swoosh, as opposed to " not the current Euro-white AND the swoosh". It's definitely not Euro-white. Full color on the plane, blue but no red. Apparently the board wanted it. Guess who asked to get rid of the red then? Edited November 4, 2011 by Mohd Suhaimi Fariz Share this post Link to post Share on other sites
GeO 0 Report post Posted November 4, 2011 Where to get latest news on this Sapphire Airline? Share this post Link to post Share on other sites
Mike P 0 Report post Posted November 4, 2011 Where to get latest news on this Sapphire Airline? There's no official announce of this Saphhire Airlines yet. Share this post Link to post Share on other sites
Mohd Azizul Ramli 2 Report post Posted November 4, 2011 Oh, and the A380's going to have another livery that's not the current Euro-white & the swoosh. I suggested they bring back the Hibiscus, although we'll see soon if they took it into consideration. followed by (the confused puppy thing comes to mind again ) Don't be. It could be the Euro-white MINUS the swoosh, as opposed to " not the current Euro-white AND the swoosh". It's definitely not Euro-white. Full color on the plane, blue but no red. Apparently the board wanted it. Guess who asked to get rid of the red then? This new livery will be applied to MNA only or all the 6 A380s? Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted November 4, 2011 This new livery will be applied to MNA only or all the 6 A380s? From what I can tell, all of them will have the same livery. Share this post Link to post Share on other sites
Johan Z 0 Report post Posted November 4, 2011 That means MH will have three separate and distinct liveries at the same time. I'm glad they made this decision. Share this post Link to post Share on other sites
BC Tam 2 Report post Posted November 4, 2011 It's definitely not Euro-white. Full color on the plane, blue but no red Wow, did they manage to secure money from Bank Rakyat for six new logojets ?! Could also be flying billboards for the ruling coalition too ! Share this post Link to post Share on other sites
jackch747 0 Report post Posted November 5, 2011 Any news on the new MAS uniform? Share this post Link to post Share on other sites
jani 0 Report post Posted November 5, 2011 Did I miss something? New A380 will be 9M-MN*? Share this post Link to post Share on other sites
Mohd Azizul Ramli 2 Report post Posted November 5, 2011 From what I can tell, all of them will have the same livery. Wo! I am not sure if it is a good business decision if all 6 were to wear the proposed Heliconia livery, considering the current jet fuel price. The A380 is the biggest and heaviest passenger airliner + Heliconia is a very heavy livery to wear + A380 is a quad engines airliner = MH's fuel bill will be unimaginable. Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted November 5, 2011 Wo! I am not sure if it is a good business decision if all 6 were to wear the proposed Heliconia livery, considering the current jet fuel price. The A380 is the biggest and heaviest passenger airliner + Heliconia is a very heavy livery to wear + A380 is a quad engines airliner = MH's fuel bill will be unimaginable. Heard that's what the board wants so... Share this post Link to post Share on other sites
Ikman Ikreza 0 Report post Posted November 5, 2011 (edited) Wo! I am not sure if it is a good business decision if all 6 were to wear the proposed Heliconia livery, considering the current jet fuel price. The A380 is the biggest and heaviest passenger airliner + Heliconia is a very heavy livery to wear + A380 is a quad engines airliner = MH's fuel bill will be unimaginable. So it would be like this soon on our MH A380? Photo : artist illustrator Edited November 5, 2011 by Ikman Ikreza Share this post Link to post Share on other sites
jani 0 Report post Posted November 5, 2011 Ahh.. Looks great. Hopefully it'll look something like that Even 50% of the beauty pun it's alright. As long as it's not....... this Share this post Link to post Share on other sites
flee 5 Report post Posted November 5, 2011 YB Wee Choo Keong, Member of Parliament for Wangsa Maju has been attacking Tony Fernandes for a very long time and has stepped up his personal attacks recently: His most recent rant I am not sure if he has all the facts since many quotes are just from press reports of interviews. TF has decided to respond to this in his blog, Rural Air Services YB Wee seems to be carrying the grievances of a lot of people. Its very interesting to see the debate. Let it continue! Share this post Link to post Share on other sites
Eugene Koh 4 Report post Posted November 5, 2011 If MAS paints it A380 in 'Freedom of Space' colour, it will surely attracts attn worldwide, and not to mentioned the world biggest and greatest looking plane! Share this post Link to post Share on other sites
Waiping 12 Report post Posted November 5, 2011 Why not paint it in Hibiscus too? Share this post Link to post Share on other sites
