MAS and AirAsia Shares Swap

[michgyver 0]

JAKARTA–Tiga pesawat Indonesia AirAsia digrounded atau dilarang terbang sejak Jumat malam hingga kini, yang menyebabkan penumpukan penumpang di Terminal 3 Bandara Soekarno-Hatta.

“Memang ada pesawat kami yang digrounded, kami terlambat menyelesaikan proses administrasi spare part sehingga pesawat kami digrounded,” kata Humas AirAsia Indonesia Audery Progastama Petriny kepada Bisnis, Sabtu siang (21/7).

Kepala Pusat Komunikasi Publik Kementerian Perhubungan Bambang S. Ervan mengatakan setelah melakukan pengecekan, dilaporkan bahwa tiga pesawat Indonesia AirAsia dengan nomor registrasi PKAXG,PKAXS, PKAXM disegel oleh Bea dan Cukai.

“Alasan penyegelan belum diketahui. Dampaknya terjadi penumpukan penumpang di B Lounge,” kata Bambang.

Dia menambahkan pihak langkah tindak lanjut yakni telah berkoordinasi dengan pihak Air Asia. “Kami meminta untuk menempatkan petugas di B Lounge guna memberikan layanan informasi kepada penumpang,” tuturnya.

Bambang menjelaskan pihak Indonesia AirAsia juga sedang mengupayakan penyelesaian dengan pihak Bea Cukai.

“Info terbaru, satu dari tiga pesawat yang disegel sudah diberangkatkan, ini di bawah wewenang Bea Cukai, Angkasa Pura II juga tidak bisa melepas,” ucap Bambang.

Salah satu penumpang Indonesia AirAsia, Agung mengatakan penumpang sempat mengamuk di Terminal 3 Bandara Soekarno-Hatta karena tidak diberikan penjelasan alasan keterlambatan. Dirinya saja yang harusnya terbang ke Yogyakarta pukul 09.55 WIB dengan nomor penerbangan QZ 7552, hingga kini (pukul 11.30 WIB) belum ada kepastian kapan diberangkatkan.

“Tadi penumpang yang ke Denpasar harusnya berangkat pukul 08.00 WIB marah-marah. Namun baru saja ini mereka dipanggil untuk naik pesawat,” kata Agung.

Dia mengaku sempat bertanya kepada petugas di bandara alasan keterlambatan, menurut petugas karena ada masalah spare part, sehingga pesawat dilarang terbang oleh pihak Bea Cukai bandara. (faa)

 

TF is no king in indonesia.

[Fairul 0]

The list of secondment crew from MH to QR has just been released. Quite a number of them will be leaving.

[Mohd Azizul Ramli 2]

Who will pay their salary during the secondment - MH or QR? How's the other arrangements like accommodations and all? How long is the secondment period? Can you try to steal/copy one agreement from the MH crew who has arrived in DOH under the same arrangement so that we could analyse it? Confidentiality guaranteed of course.

[Fairul 0]

During the first secondment of crew to QR back in 2006, quite a number of them refused to return back to MH after the secondment period expired and they join QR officially. So I'm not surprised if this happens again later on.

 

MAR, I'll try my best to get more details.

[Amirul Mazlan 0]

thanks fairul. Doha is not cheap, but i guess Qatar will foot all the bills.

[KK Lee 5]

During the first secondment of crew to QR back in 2006, quite a number of them refused to return back to MH after the secondment period expired and they join QR officially. So I'm not surprised if this happens again later on.

 

MAR, I'll try my best to get more details.

 

MH is very kind to train crews for QR. On the other hand, MH saved on VSS payout.

[Mohd Azizul Ramli 2]

How likely is this livery is going to be adopted?

 

 

I think this one is the best one to replace the current one. It looks like the modernised version of MH's original livery post MSA breakup.

 

 

Or a big no no since there is just too many red?

[Isaac 0]

Somehow the colors used don't stand out.

[Mohd Suhaimi Fariz 2]

How likely is this livery is going to be adopted?

 

 

 

 

Quite unlikely since this is the stillborn MAS shorthaul livery.

[KK Lee 5]

 

After MH 90% par value reduction, the original AK-MH share swap of 1 AK for 2 MH share would become 5 AK for 1 MH share.

 

Who on right mind would keep MH share?

 

Edited November 27, 2012 by KK Lee

[flee 5]

This closes the chapter on this saga.

 

From The Sun: http://www.thesundaily.my/news/625632

 

 

MAS, AirAsia no longer in talks to work together

 

PETALING JAYA (March 1, 2013): Malaysia Airlines (MAS) group CEO Ahmad Jauhari Yahya has confirmed that the national airline and AirAsia Bhd are no longer in talks to work together in the areas of aircraft maintenance support and repair services, and procurement.

 

Two memoranda of understanding (MoU) were signed on May 2, 2012 when the share swap deal between Khazanah Nasional Bhd and Tune Air Sdn Bhd were cancelled, for MAS and AirAsia to continue to work together.

 

One MoU was to focus on the setting-up of a joint venture company to provide aircraft component maintenance support and repair services.

 

Another was for the establishment of a special purpose vehicle by MAS, AirAsia and AirAsia X to improve value for money and to increase competitiveness through procurement synergies.

 

Speaking at a media briefing yesterday, Ahmad Jauhari gave no reason for the end of talks between the two airlines, except to say that MAS is always open to opportunities to work with AirAsia or any other parties.

 

On the airline's proposed rights issue to raise up to RM3.1 billion, he said it will leave it up to shareholders to approve it.

 

Some quarters have deemed the rights issue unattractive considering the beating that the stock has taken since the announcement was made last year.

 

The stock closed 0.7% higher at 73.5 sen yesterday.

 

Khazanah Nasional, its largest shareholder with a 69.37% stake, has already committed to taking up its portion of the rights issue.

 

The rights issue is a key component of its capital raising efforts. The airline is due to receive 16 new aircraft this year alone.

 

Its cash balance stood at RM2.1 bilion as at Dec 31, 2012.

 

The group's borrowings amounted to RM9.5 billion for 2012, a 69% jump from the previous year due to a RM3.4 billion term loan from Turus Pesawat Sdn Bhd.

 

On another development, Ahmad Jauhari said its sixth A380 will start daily flights between Kuala Lumpur and Hong Kong on April 1, 2013, while its A380 services on the Kuala Lumpur-Paris routes begin today.

 

[S V Choong 4]

Great to hear that MH is putting their A380s on the KUL-HKG route. This makes HKG one of the airports in the world well served by the A380s.

[Sri Ramani K. 0]

http://www.themalaysianinsider.com/malaysia/article/mas-should-be-sold-but-not-at-a-loss-says-idris-jala

 

 

Putrajaya should consider selling flag carrier Malaysian Airlines System Bhd (MAS) but not at a loss, its former boss Datuk Seri Idris Jala (pic) said today.

The Minister in the Prime Minister's Department said MAS was trading at RM6.00 when he was at the helm but currently the share price of the compay has tanked to 30 sen.

The government's state asset manager Khazanah Nasional Bhd is the majority owner of MAS, which has posted losses for its last six quarterly results.

Idris was speaking at the Global Malaysia Series at the Securities Commission today. AirAsia group chief executive Tan Sri Tony Fernandes was also a speaker at the event.

The government should minimise its participation in business and should play the role of a facilitator to businesses rather than have direct involvement, said Fernandes.

He said Malaysian companies should be bold in going global and that AirAsia woud have been “gobbled up” by competitors if it remained inward looking and had not expanded beyond Malaysian shores.

“Malaysian companies should challenge the norm, remove structures that inhibit innovation and have a relentless quest for excellence,” added Fernandes.

 

Wow and really wow.

[flee 5]

Flag carrier Malaysia Airlines (MAS) and AirAsia have been fined RM10 million each for their short-lived share swap which was found to have distorted the domestic aviation service.

The Malaysia Competition Commission (MyCC) said both airlines had infringed section 4(2)( of the Competition Act 2010 by sharing their markets in their eight-month pact.

More: http://www.themalaysianinsider.com/malaysia/article/rm10-million-fine-each-for-mas-airasia-in-anti-trust-case

[Arthur Van Straten 0]

Thats interesting.

 

Honestly, i did not had thought that they, MyCC would come up with something.

Do they have instruments to enforce collecting the fine ?

Can the airlines appeal? What happens with the money when indeed they collect the fine?

 

Thanks.

Cheers

Art

[zamim 0]

MAS made RM8 million in the first half of 2013, but now has to pay RM10 million, so MAS still lost RM2 million

[Naim 6]

I bet they are still laughing ... for this great stunt!

 

[Josh T 0]

The share-swap wasn't even MAS' idea! Why are they being fined?! AirAsia should be the one copping the total fine of RM20million!

[zamim 0]

The share-swap wasn't even MAS' idea! Why are they being fined?! AirAsia should be the one copping the total fine of RM20million!

Perhaps it was true that it wasn't MAS idea but MAS Chairman was 100% for CCF

[flee 5]

It was the PM's idea - so maybe he should cough up!

[Josh T 0]

It was the PM's idea - so maybe he should cough up!

I definitely agree with that suggestion!!

[flee 5]

We always do things in reverse order here in Malaysia. The share swap was proposed and approved by the govt. Then another govt body, MyCC comes along and investigate, then fine, the parties involved. Why didn't the MyCC make noise BEFORE the whole thing was approved? Shouldn't the share swap go to them for approval first?

 

That is the way it is in the US. Now, the AA-US merger is blocked for anti-trust investigations. Why can't we do things like everybody else?

[CH Teo 0]

We always do things in reverse order here in Malaysia. The share swap was proposed and approved by the govt. Then another govt body, MyCC comes along and investigate, then fine, the parties involved. Why didn't the MyCC make noise BEFORE the whole thing was approved? Shouldn't the share swap go to them for approval first?

 

That is the way it is in the US. Now, the AA-US merger is blocked for anti-trust investigations. Why can't we do things like everybody else?

Just because we are in Bolehland, different mindset and different approaches...

[BC Tam 2]

 

AirAsia will defend itself over charges and a RM10 million fine for a monopoly with Malaysia Airlines, saying today anti-trust regulators should instead focus on monopolies, such as Malaysia Airports.

 

from: http://www.themalaysianinsider.com/malaysia/article/airasia-to-defend-charge-and-asks-mycc-to-focus-on-monopolies-instead

Me thinks a can of worms just been opened up ......

[Naim 6]

We always do things in reverse order here in Malaysia. The share swap was proposed and approved by the govt. Then another govt body, MyCC comes along and investigate, then fine, the parties involved. Why didn't the MyCC make noise BEFORE the whole thing was approved? Shouldn't the share swap go to them for approval first?

 

That is the way it is in the US. Now, the AA-US merger is blocked for anti-trust investigations. Why can't we do things like everybody else?

 

Look at this pic again ... you know who these blokes are?