Naim 6 Report post Posted May 10, 2012 Capt Radzi, tell the Unions and Associations the Fat Lady have not yet started to sing. Kinda like a Cobra recoiling for the next strike. Collateral damage for the innocent will be massive. Better hold the purchase of the new car until the end of the year. Good Luck. Sounds like a horoscope (horrorscope?) reading. Share this post Link to post Share on other sites
flee 5 Report post Posted May 11, 2012 (edited) The share swap would have allowed TF and KM to hive off MAS engineering and pilot training (both have excellent reputation) and use it to help AK cut costs. Well I think that whether there was a share swap or not, JV companies would be established to handle these. So all parties involved will be able to reap the benefits. MAS can then downsize and cut costs as these activities will be transferred to the JV companies. The JV companies will benefit from the increase volume of business - so economies of scale will be better. Net result will be lower costs for their customers. MAS to secure RM1.5b bridging loan from CIMB, say sources KUALA LUMPUR, May 11 — Malaysia Airline System Bhd (MAS) is close to securing a RM1.5 billion bridging loan from CIMB Group Holdings Bhd (CIMB), which sources say will be used to finance daily operations. According to a report by the Edge Financial Daily, three sources were quoted as saying that the bridging loan would give MAS ample time to structure a RM3 billion bond for its long-term needs. “This would give MAS some time to structure the bonds,” said one of the sources. The sources told the business paper that CIMB could be the frontrunner for the RM3 billion sukuk offering, since it has provided the bridging loan to MAS. The national carrier is looking to issue RM3 billion worth of bonds this year in order to bridge the funding gap for its capital requirement of RM6 billion. MAS needs RM6 billion to finance its new fleet, which includes the Airbus A380, Boeing B777 and B737 aircraft. Malaysian sovereign wealth fund Khazanah Nasional Berhad had entered into a share-swap deal with AirAsia boss Tan Sri Tony Fernandes in an effort to turn around the national carrier, which lost RM2.52 billion last year. But the share-swap signed last August faced fierce opposition from some politicians and the flag carrier’s unions, which represent the majority of the 20,000-strong airline staff, pushing the government to abort the deal on May 2. Source: http://www.themalaysianinsider.com/business/article/mas-to-secure-rm1.5b-bridging-loan-from-cimb-say-sources/ Edited May 11, 2012 by flee Share this post Link to post Share on other sites
S M Tang 0 Report post Posted May 11, 2012 @AirAsia If U guessed FREE SEATS, then U R RIGHT! We wanna thank U for yr support with FREE SEATS! More @ on.fb.me/KUFfL3 !RT to share! #AirAsia Now that the AK-MAS share swap is called off, FREE SEATS FOR EVERYONE! Share this post Link to post Share on other sites
flee 5 Report post Posted May 11, 2012 Now that the AK-MAS share swap is called off, FREE SEATS FOR EVERYONE! Yes, we did not have mega sale for some time already! Share this post Link to post Share on other sites
BC Tam 2 Report post Posted May 11, 2012 Hey, B777 is in new fleet plan And they have secured money for it - hooray ! Share this post Link to post Share on other sites
Johan Z 0 Report post Posted May 11, 2012 Hey, B777 is in new fleet plan And they have secured money for it - hooray ! Refurbishment of old 777 or 777-8X? Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted May 11, 2012 (edited) Hey, B777 is in new fleet plan And they have secured money for it - hooray ! The Malaysian Insider - not really the world's most trustworthy source now is it? Edited May 11, 2012 by Mohd Suhaimi Fariz Share this post Link to post Share on other sites
flee 5 Report post Posted May 11, 2012 Hey, B777 is in new fleet plan And they have secured money for it - hooray ! Don't be so happy yet - it could be a typical Malaysian reporter error. There are still many A330-300 deliveries to come and there was no mention of those! Share this post Link to post Share on other sites
flee 5 Report post Posted May 11, 2012 SEPANG, May 11 (Bernama) -- National carrier Malaysia Airlines (MAS) is upgrading its cabin baggage policy and golden lounge waiting room facilities to cater for the anticipated increase in business class passengers. Golden lounge manager Mohd Husaini Ariffin said the improvement included major renovation at the lounge, from May 9 to June 18, with the addition of new features such as sports bar, kids room and games room. "The improvement is part of the airline's preparation to receive its first Airbus A380, which will contribute a higher number of business class passengers, as well as its entry into the oneworld alliance by year-end," he told reporters during a media tour here today. Among the requirements of oneworld alliance was the sharing of golden lounges between its members as well as check-in counters and expanded services such as more facilities at the waiting room and bigger cabin baggage capacity per passenger. Mohd Husaini said after the renovation, the seat capacity for business class in the golden lounge would increase to 320 passengers from 230 currently while that for first class would reduce to 50 passengers from 90 at present. During the renovation, he said the airlines would place the business and first class customers in three alternative lounges. The lounges are regional lounge at the main terminal for first class guests and China Airlines lounge and Malaysia Airport CIP lounge at mezzanine floor, satellite building for first class and business class guests. Meanwhile, airport operation division executive vice president Hayati Ali said the revision of the cabin baggage policy, streamlined for customers in all class effective May 15, were in line with industry best practices, apart from complying with the oneworld alliance requirements. Under the new policy, baggage weight for customers in the economy and business class was raised to seven kilogrammes per baggage from five kilogrammes per baggage previously. The airline had also reviewed the exempted items that can be brought inside the cabin apart from cabin baggage such as stroller, which was previously only allowed for passengers with infant but was now permitted to toddlers as well. With the new policy, she said the airline would enforce a stringent cabin baggage allowance to avoid congestion in the cabin baggage space as well as to give customers more comfort during flights. Share this post Link to post Share on other sites
Radzi 2 Report post Posted May 11, 2012 No, no new B777 plan as as of now, to my knowledge. But MH should be ordering some Boeing aircraft soon, before it is too late. Share swap may be off, BUT......... Share this post Link to post Share on other sites
Isaac 0 Report post Posted May 11, 2012 No, no new B777 plan as as of now, to my knowledge. But MH should be ordering some Boeing aircraft soon, before it is too late. Share swap may be off, BUT......... Boeing aircraft ? Share this post Link to post Share on other sites
Zamir 0 Report post Posted May 11, 2012 Boeing aircraft ? 787 or 747-8i Share this post Link to post Share on other sites
Isaac 0 Report post Posted May 11, 2012 787 or 747-8i I'm rooting for either 788/789 or 77W. Ordering the 748 is quite a gamble. If there aren't many enough airlines ordering that aircraft type, the resale value is going to be terrible. Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted May 11, 2012 I'm rooting for either 788/789 or 77W. Ordering the 748 is quite a gamble. If there aren't many enough airlines ordering that aircraft type, the resale value is going to be terrible. With the A380 - 77W is redundant. The 789 or A359 is a prefect replacement for the 772. Share this post Link to post Share on other sites
Waiping 12 Report post Posted May 12, 2012 Perhaps more 738 or 739. Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted May 12, 2012 Malaysian Close To Bridging Loan - Report May 11, 2012 Malaysia Airlines is close to securing up to MYR1.5 billion ringgit (USD$489.08 million) in a bridging loan from CIMB Group, according to a report in The Edge Financial Daily. The loan would give the airline ample time to structure a MYR3 billion ringgit (USD$978.15 million) bond for its long-term needs, the newspaper said. According to three separate sources, the one-year bridging loan is intended to finance the national carrier's daily operational needs. "This would give MAS some time to structure the bonds", said a business executive familiar with the matter. (Reuters) Source: http://news.airwise.com/story/view/1336739550.html Another RM1.5 billion to be gone down the loo...... Share this post Link to post Share on other sites
flee 5 Report post Posted May 12, 2012 Perhaps more 738 or 739. I suspect that MH has all the long range wide bodied aircraft that it needs now (A380 and B772). The problem with both the B789 and A359 is that delivery dates are far, far away. So unless MH can lease these aircraft, it will have to consider doing short leases of existing aircraft to replace the ageing B772s. On the longer term, it would be ideal if MH thinks about replacing both the A333s and B772s with a single aircraft family, either the B787 or A350 family. With joint procurement with AirAsia, it would appear that Airbus will have a slight advantage - D7's orders and options can be shared with MH and a top up order can be issued too. On the narrow body aircraft frontier, it would be ideal for MH to secure delivery slots for wither the B737 Max or it can tap on AK's A320 NEO order book. But with TF complaining that they don't have enough planes now for AirAsia Japan, it would seem that another order will be necessary to secure additional aircraft, should MH convert from B738s to A320 NEOs in future. In this respect, Boeing will stand equal chance of an order as they will not want to lose out on MH's requirements. Share this post Link to post Share on other sites
Naim 6 Report post Posted May 12, 2012 Lookee here! The Voyage Report on the scandalous “Nanny” Danny http://weechookeong.wordpress.com/2012/05/11/the-voyage-report-on-the-scandalous-nanny-danny/#more-10675 Share this post Link to post Share on other sites
Radzi 2 Report post Posted May 12, 2012 (edited) I suspect that MH has all the long range wide bodied aircraft that it needs now (A380 and B772). The problem with both the B789 and A359 is that delivery dates are far, far away. So unless MH can lease these aircraft, it will have to consider doing short leases of existing aircraft to replace the ageing B772s. On the longer term, it would be ideal if MH thinks about replacing both the A333s and B772s with a single aircraft family, either the B787 or A350 family. With joint procurement with AirAsia, it would appear that Airbus will have a slight advantage - D7's orders and options can be shared with MH and a top up order can be issued too. On the narrow body aircraft frontier, it would be ideal for MH to secure delivery slots for wither the B737 Max or it can tap on AK's A320 NEO order book. But with TF complaining that they don't have enough planes now for AirAsia Japan, it would seem that another order will be necessary to secure additional aircraft, should MH convert from B738s to A320 NEOs in future. In this respect, Boeing will stand equal chance of an order as they will not want to lose out on MH's requirements. My reason why MH should start to order some Boeing is that the country should buy both Americans and European and not to depend on one manufacturer only. <_ i start to sound like msm...> Thanks Naim for the link. Edited May 12, 2012 by Radzi Share this post Link to post Share on other sites
BC Tam 2 Report post Posted May 14, 2012 (edited) Quoted from Flee's reply #1629 previously The sponsorship amount, Fernandes points out, is less than what QPR pays for buying a single football player, emphasizing the view that QPR didn't gain enormously from the MAS sponsorship deal. Source: http://biz.thestar.c...59&sec=business But in October, a different tune Posted 21 October 2011 - 12:14 AM Business is booming for QPR thanks to Malaysian ‘air raid’ Quoted from here: http://www.malaysian...pic=16671&st=60 Well, well, well ....... again Edited May 14, 2012 by BC Tam Share this post Link to post Share on other sites
T Azahan 1 Report post Posted May 14, 2012 The sponsorship amount, Fernandes points out, is less than what QPR pays for buying a single football player, emphasizing the view that QPR didn't gain enormously from the MAS sponsorship deal. You are so ungrateful! Then why you asked for it in the first place?? Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted May 14, 2012 (edited) You are so ungrateful! Then why you asked for it in the first place?? If you asked him directly - he'd probably say "It's Danny's deal." Personally, I think it's still not going to by rosy as long as Danny's still around. He's got to go too. Edited May 14, 2012 by Mohd Suhaimi Fariz Share this post Link to post Share on other sites
BC Tam 2 Report post Posted May 14, 2012 The sponsorship amount, Fernandes points out, is less than what QPR pays for buying a single football player, ..... Unfortunately, said "single football player" was by all accounts a total disgrace to the game behaviourwise in season closing match yesterday - sorry, OT Share this post Link to post Share on other sites
Naim 6 Report post Posted May 14, 2012 Unfortunately, said "single football player" was by all accounts a total disgrace to the game behaviourwise in season closing match yesterday - sorry, OT Last night's games been fixed ... oopss, sorry, bad OT. Share this post Link to post Share on other sites
Waiping 12 Report post Posted May 14, 2012 Last night's games been fixed ... oopss, sorry, bad OT. Share this post Link to post Share on other sites
