Mohd Saat 0 Report post Posted August 9, 2011 (edited) From Uncle Tony Twitter Pardon me, what is "DY"? Danny aka Rashdan I dare to guess Edited August 9, 2011 by Mohd Saat Share this post Link to post Share on other sites
Naim 6 Report post Posted August 9, 2011 Maybe the 'plan' to move HQ to Jakarta part of the shadowplay for this? Hey, somebody actually writes about this conjecture: http://sakmongkol.blogspot.com/2011/08/sting-job-in-air.html Share this post Link to post Share on other sites
M. Sofian H. 0 Report post Posted August 9, 2011 Danny aka Rashdan I dare to guess Rasdhan will lead MAS... :-( Share this post Link to post Share on other sites
S M Tang 0 Report post Posted August 9, 2011 It's official! @tengkuazmil I am leaving @MAS and wish them the best of luck for the future. Share this post Link to post Share on other sites
Keith Ng 0 Report post Posted August 9, 2011 (edited) Getting interesting. Edited August 9, 2011 by Keith Ng Share this post Link to post Share on other sites
Johan Z 0 Report post Posted August 9, 2011 Who's this Danny guy? Share this post Link to post Share on other sites
V Wong 0 Report post Posted August 9, 2011 (edited) Azmil out of MAS in share swap with AirAsia By Jahabar Sadiq EditorAugust 09, 2011KUALA LUMPUR, Aug 9 — MAS managing director Tengku Datuk Azmil Zaharudin lost his job today after the airline’s shareholders finalised a share swap with Asia’s largest low cost carrier, AirAsia. The Malaysian Insider understands that an executive committee led by Tan Sri Azman Yahya will manage the state carrier while day-to-day operations will be handled by Khazanah Nasional Bhd executive director and MAS board member, Mohd Rashdan Mohd Yusof. Azmil will join Khazanah as an executive director effective September 12, 2011. Under the share swap, AirAsia’s main shareholder Tune Air Sdn Bhd will swap 10 per cent stake in the budget carrier for 20.25 per cent share of the ailing flag carrier in the agreement called a “Comprehensive Collaboration Framework”. Before the share swap, Tune Air was the biggest shareholder in AirAsia with 26.28 per cent stake while Khazanah held a total of 69.33 per cent share of MAS. The MAS board will also see some new faces, namely former IJM chief executive Datuk Krishnan Tan, Astro chief executive Datuk Rohana Rozhan and David Lau from Shell Malaysia. Rashdan, popularly known as Danny, was part of the BinaFikir consultancy that engineered the wide asset unbundling (WAU) restructuring that made MAS a virtual airline in 2002. BinaFikir was then led by Tan Sri Azman Mokhtar, who is now managing director of Khazanah, the majority shareholder in MAS. latest news from malaysianinsider.... i don't know what to make out of this... Edited August 9, 2011 by V Wong Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted August 9, 2011 Tan Sri Anthony Francis Fernandes and Dato' Kamarudin Meranun has been named to the board, and will be part of the EXCO running the airline until the new MD is named. Several new directors have been also named including the CEO of Astro, director of Axiata, and the Executive Deputy Chairman of IJM Guess its a good time to buy a lottery ticket. Share this post Link to post Share on other sites
Ikman Ikreza 0 Report post Posted August 9, 2011 Tan Sri Anthony Francis Fernandes and Dato' Kamarudin Meranun has been named to the board, and will be part of the EXCO running the airline until the new MD is named. Several new directors have been also named including the CEO of Astro, director of Axiata, and the Executive Deputy Chairman of IJM Guess its a good time to buy a lottery ticket. Yup, my friend said emailed already circulated to MAS staff. Share this post Link to post Share on other sites
flee 5 Report post Posted August 9, 2011 BTW, this Govt interference allegations on MH policies and operations, is it a convenient Red Herring frequently bandied around as an excuse acceptable to the public? I know its overplayed. The Govt does have interest in MAS for obvious reasons, and its up to the CEO to navigate his way around such obstacles. When you have CEOs with backbones made of jelly, with extremely polite and accommodating attitude for the political masters, then the specter of Government interference becomes real. You cannot have this "Sit, RollOver, Beg & Fetch " type of canine Management leading MH. You gotta have Management with conviction, one who will say " I'm ready to leave if you interrupt my policies often enough. " BTW, Apart from the few I know are good, I will not touch any of the MH Higher Management with a 10 foot pole even if they offer their services for free in my Charter company. Agree with your astute assessment. Petronas is a good example - its previous CEO was very independent and did not allow the govt. to dictate Petronas' policies. I think Petronas might be the next GLC to go to the dogs with the new CEO. Share this post Link to post Share on other sites
Raymund Yeoh 1 Report post Posted August 9, 2011 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.... Share this post Link to post Share on other sites
Mohd Suhaimi Fariz 2 Report post Posted August 9, 2011 Agree with your astute assessment. Petronas is a good example - its previous CEO was very independent and did not allow the govt. to dictate Petronas' policies. I think Petronas might be the next GLC to go to the dogs with the new CEO. Well, the Goverment needs Petronas's money. If you needed someone more than they need you, certainly a little leeway could be given. In the end, the independent CEO went by the wayside too. Share this post Link to post Share on other sites
flee 5 Report post Posted August 9, 2011 Tune Air to take 20.5% of MAS shares SEPANG: Tune Air Sdn Bhd and Khazanah Nasional Bhd, the major shareholders Air Asia and Malaysia Airlines (MAS)respectively, have agreed to buy from each other existing shares of both companies. As a result, Tune will hold 20.5% of shares in MAS and Khazanah wil hold 10% of shares in AirAsia. MAS, AirAsia and AirAsia X has also entered into a comprehensive collaboration framework today that includes a collaborative agreement to explore opportunities to cooperate on a broad range of areas. The collaboration agreement shall be for a five-year period with an option for a further five-year renewal. Source: http://biz.thestar.com.my/news/story.asp?file=/2011/8/9/business/20110809172418&sec=business Share this post Link to post Share on other sites
Fahiruz 0 Report post Posted August 9, 2011 MH reminds me of the old Bank bumiputera Share this post Link to post Share on other sites
Nik H. 3 Report post Posted August 9, 2011 And Azmil is parked as Executive Director in Khazanah after what has happened.....God.....Is there no maruah at all........??? Share this post Link to post Share on other sites
flee 5 Report post Posted August 9, 2011 (edited) MAS and AirAsia's new appointments SEPANG: The board of Malaysia Airlines (MAS) today announced the appointment of Tan Sri Wan Azmi Wan Hamzah, Tan Sri Tan Boon Seng @ Krishnan, Datuk Rohana Rozhan and David Lau Nai Pek as independent non-executive directors. Mohammed Rashdan Mohd Yusof will be redesignated as an executive director of the company and Tan Sri Tony Fernandes and Datuk Kamarudin Meranun as non-independent non- executive directors of MAS The Board also announced the resignation of MAS managing director Tengku Datuk Seri Azmil Zahruddin effective August 9. Azmil will leave MAS to join Khanazah Nasional Bhd as executive director of investments effective Sept 12. The MAS board also announced the establishment of an executive committee to be chaired by Tan Sri Md Nor Yusof. The exco will comprise of Datuk Mohamed Azman Yahya, Mohammed Rashdan Mohd Yusof, Tan Sri Tony Fernandes and Dtk Kamarudin Meranun. The exco wil oversee the management of the company until such a time when a new managing director is appointed. AirAsia Bhd's board also announced the appointment of Datuk Mohamed Azman Yahya as a non-independent non-executive director while Mohammed Rashdan Mohd Yusof will be appointed as his alternate director. Source: http://biz.thestar.com.my/news/story.asp?file=/2011/8/9/business/20110809170043&sec=business Edited August 9, 2011 by flee Share this post Link to post Share on other sites
Mohd Saat 0 Report post Posted August 9, 2011 (edited) Well, the Goverment needs Petronas's money. If you needed someone more than they need you, certainly a little leeway could be given. In the end, the independent CEO went by the wayside too. Where do you get these thingS? Tan Sri Merican exCEO of Petronas reached his mandatory retirement age and was immediately snapped up by a Singapore O&G conglomerate. I dont call that falling by the "wayside" Edited August 9, 2011 by Mohd Saat Share this post Link to post Share on other sites
flee 5 Report post Posted August 9, 2011 All the same, spare a thought for Dato Eddie Leong Actually I think he is a good candidate for the CEO post itself! We need some new blood and FY's CEO is a refreshing new face. Unfortunately if he becomes CEO, the first duty he has to perform is to kill his own baby, FY jet services. Now, that will be a real test of his courage and creativity! Share this post Link to post Share on other sites
khair 0 Report post Posted August 9, 2011 (edited) "Md Nor said Malaysia Airlines will focus on being a full-service carrier, while its budget unit, Firefly, would be relaunched as a new regional full-service airline" http://www.taiwannews.com.tw/etn/news_content.php?id=1675210 MAS chairman Tan Sri said: "We believe that the joint collaboration will help MAS focus on our strengths in our core markets and work towards deriving higher loads and more efficient resource utilisation. "We will also be able to offer services in engineering and other areas to both AirAsia and AirAsia X. Firefly's resources would be refocused to launch a new regional full service airline operation." http://www.flightglobal.com/articles/2011/08/09/360500/airasia-and-malaysia-airlines-detail-cross-ownership.html what is that supposed to mean? FY to be operated solely on turboprop only or a mixture of turbo prop and B738? Edited August 9, 2011 by khair Share this post Link to post Share on other sites
Sharil Abdul Rahman 0 Report post Posted August 9, 2011 From words circulating, FY is not going to be axed, rather its going to be relabeled as a regional carrier - ala silk air. so in one swoop, we have SQ in Malaysia Premium longhaul = MH = SQ Regional = FY = MI Budget = AK = TR Budget longhaul = D7 = unnamed my biggest question is - is the malaysian domestic consumer going to be screwed? I mean,no news on how its going to be like, but word online said that AK is to take the domestic route. FAX again? Share this post Link to post Share on other sites
CH Teo 0 Report post Posted August 9, 2011 Yea, what are they going to do with the domestic sectors??? I think Sabah and Sarawakian don't want to see FAX again... Share this post Link to post Share on other sites
Nik H. 3 Report post Posted August 9, 2011 Eddie Leong? You guys need to dig more. FY lives on MH. If it was on its own from start up do you think it will survive? Do you know how FY started? There was no battle that needs to be fought to put FY in the sky, everything was on a platter. In a word, be very careful what you ask for, you may not know what to do when you get it. Share this post Link to post Share on other sites
khair 0 Report post Posted August 9, 2011 full service regional solely on ATR? what a joke Eddie Leong? You guys need to dig more. FY lives on MH. If it was on its own from start up do you think it will survive? Do you know how FY started? There was no battle that needs to be fought to put FY in the sky, everything was on a platter. In a word, be very careful what you ask for, you may not know what to do when you get it. Eddie is capable in own ways, at least the mh cronies hardly get a hand on it Share this post Link to post Share on other sites
flee 5 Report post Posted August 9, 2011 MAS, AirAsia And AirAsia X To Leverage On Core Strengths KUALA LUMPUR, Aug 9 (Bernama) -- Malaysia Airlines (MAS), AirAsia Bhd and Airasia X Sdn Bhd today entered into a comprehensive collaboration framework to leverage on their respective core strengths. To strengthen the collaboration and to establish a mutuality of interest, MAS and AirAsia are issuing free warrants to each other's shareholders. Independent advisers will be appointed to advise minority shareholders on the proposed warrants. Tune Air Sdn Bhd and Khazanah Nasional Bhd, the major shareholders of AirAsia and MAS, respectively, have agreed to acquire from each other existing shares of both companies. As a result, Tune Air will hold 20.5 per cent shares in MAS and Khazanah will hold 10 per cent shares in AirAsia. Khazanah will continue to be the single largest and major shareholder of MAS. The agreement will come into effect immediately upon its execution and shall remain in effect for five years from the date of the collaboration agreement, with an option for a further five-year renewal. Share this post Link to post Share on other sites
Sharil Abdul Rahman 0 Report post Posted August 9, 2011 full service regional solely on ATR? what a joke Eddie is capable in own ways, at least the mh cronies hardly get a hand on it remember they still have the 738s. Share this post Link to post Share on other sites
