Amirul Mazlan 0 Report post Posted January 5, 2013 Plenty of my friends got the call. Same info. No black and white yet. Share this post Link to post Share on other sites
Walter Sim 1 Report post Posted January 8, 2013 Rumors and more rumors http://www.thesundaily.my/news/583106 OSK: Talks that Malindo hit by financial constraints PETALING JAYA (Jan 8, 2013): There are rumours that Malindo Airways' major shareholder, National Aerospace and Defence Industries Sdn Bhd (NADI) is reluctant to pour more capital into its joint venture (JV) with Indonesia's PT Lion Grup, said OSK Research Sdn Bhd. "Despite these rumours, we understand that recruitment of cabin crews and pilots is ongoing, with the first batch of 20 fresh pilots coming in this month while some first officers and captains have started work," said its aviation analyst Ahmad Maghfur Usman in a report yesterday. However, due to the JV's limited capital, we gather that Malindo charges a fee for any new commercial pilot licence (CPL) holder with B737 NG type rating who is interested to become pilots. Charges are estimated to be US$30,000 for the first 500 hours, with no salary," he added. Ahmad Maghfur reckons that this could be a sign of Malindo and Lion Air facing some financial constraints. A type rating is a licence to fly a certain aircraft type that requires additional training beyond the scope of the initial licence and aircraft class training. "We understand that AirAsia Bhd does not adopt this practice as it usually bears the cost of type ratings in exchange for a six-year bond. In the case of cadets, we understand that AirAsia provides some kind of financing scheme," said Ahmad Maghfur. He sees Lion Air's attempt to enter the Malaysian aviation market with the setting up of Malindo will certainly see competition intensify in the low-cost segment and pressure yields going forward, but deems concerns over upcoming competition from Malindo denting AirAsia's profits as over-rated. "The key routes Malindo is eyeing in the immediate term are AirAsia's most profitable Kuala Lumpur to Kuching and Kota Kinabalu routes. "We think that as (Malindo's) 10 aircraft -- to kick start the first year of operation -- will be gradually delivered, any impact on AirAsia's overall yields will be mild given that the low-cost carrier is already flying 14 times and 12 times daily to both Kota Kinabalu and Kuching respectively." While a price war may ensue if competition intensifies, Ahmad Maghfur believes that Lion Air has not been aggressive in its promotions in Indonesia and Malindo may adopt the same thinking, with it starting off with a small fleet, its discounts may not be too aggressive. OSK is maintaining a "buy" call on AirAsia at RM2.93, with an unchanged RM3.39 fair value. In a separate report, Ahmad Maghfur is positive on the deferment of the opening of KLIA2 in Sepang to June 28, 2013 from the original May 1, as delaying its opening will ensure that the new low-cost terminal begins operation without any glitches. In fact, he sees any pullback in Malaysia Airports Holdings Bhd's (MAHB) share price in response to the delay in KLIA2's commencement date should open up opportunities for investors to accumulate the stock. The research firm is maintaining its "buy" call on MAHB at RM5.49, with a RM8 fair value, saying the airport operator "continues to be buoyed by resilient demand for air travel as well as its cash generating business". Share this post Link to post Share on other sites
Mike P 0 Report post Posted January 8, 2013 Fraud link??? = http://www.malindoairlines.com/ Genuine = http://www.malindoair.com/ Share this post Link to post Share on other sites
Naim 6 Report post Posted January 8, 2013 Fraud link??? = http://www.malindoairlines.com/ Genuine = http://www.malindoair.com/ See: http://network-tools.com/default.asp?prog=whois&host=malindoairlines.com --> created 11/09/12 -- somebody squatting here. http://network-tools.com/default.asp?prog=whois&host=malindoair.com --> created 04/09/12 -- registrant is lionair.com Share this post Link to post Share on other sites
faiznafi 0 Report post Posted January 8, 2013 First 500 hours with no salary? I dont understand. Can somebody explain to me this please? Thanks. Share this post Link to post Share on other sites
Amirul Mazlan 0 Report post Posted January 8, 2013 It's common practice in Europe and the states.. and Lion Air teamed up with Eagle Jet to offer similar scheme in Indonesia. s#1t happens. Share this post Link to post Share on other sites
Lock SH 0 Report post Posted January 8, 2013 (edited) First 500 hours with no salary? I dont understand. Can somebody explain to me this please? Thanks. This the way I understand it. It works like this bro, you pay upfront USD 30k ~ RM 90k. Do your ground school, sim, SEP and exams. Subsequently, endorsement, line training and line flying up to 500 hrs total with NO PAY, yes, NO PAY. It normally takes about 1 year to complete the above. After that, you will get your monthly pay as per Ts & Cs. Assuming your monthly basic pay is RM 5k, it takes another 18 months to recover your USD 30k ~ RM 90k that you invested earlier. All in all, you work for FREE (read - 'SCREWED') for about 2.5 years before you are getting your actual salary. This is on top of what you have spent RM 250k for your ab-initio training in flying school. Conclusion :- No matter what do you want to call it (modern day slavery, daylight robbery etc....... etc........), you have to remember that even a prostitute at Lorong Hj Taib get paid everytime she get screwed by 'mat bangla' or 'mat indon'. I guess 'I HAVE PASSION IN FLYING' attitude has blinded most of the 'glam chaser' kids ........... Edited January 8, 2013 by Lock SH Share this post Link to post Share on other sites
Radzi 2 Report post Posted January 8, 2013 It is called "pay to fly" scheme. I think even AK had this scheme sometimes ago. Pay money, get your hours and therefore your experience. After that you can apply with airlines that are looking for those with experience. Among pilot communities, it is equivalent to prostituting the profession. Share this post Link to post Share on other sites
Amirul Mazlan 0 Report post Posted January 8, 2013 the sad thing is there will be people who will 'buy' it. Because of such daft people, aviation is where it is today. Having the money doesn't make one a competent pilot, and there are heaps of good pilots out there that should be in the right seat because they can actually handle a heavy jet. To be fair to AK, they used to make the early batches (around year 2005-2006) private cadets pay for their own rating. Not to the extent of paying even for line training. What more 500 hours. But they ditched the scheme after a while. They chose to invest in human capital. A company that refuse to invest in people.... I'll leave it to you guys to fill the blank One can question their commitment. Either short term gain (500 hrs of RHS occupant for free) or long term gain (training RHS and chosing them by merit, in 5 years time you gonna have captain prospect). But then again, before we pass judgement let's wait for details from successful candidates. The setup might be different from Lion in Indonesia. Guess, we'll find out in few weeks time. Share this post Link to post Share on other sites
Syukri 0 Report post Posted January 8, 2013 No no its not like that Mr Lock S H. If you more carefully, you will notice this Malindo charges a fee for any new commercial pilot licence (CPL) holder with B737 NG type rating, which means, cadet with Type Rating (which is self finance, still need to pay), need to put another 30K USD just to work and get hours. To put in monetary aspect: Flying Courses : MYR 250 000.00 (average) Type Rating : MYR 150 000.00 (average too) Line Training : MYR 90 000.00 (to fly 500hrs Total = MYR 490 000.00 Share this post Link to post Share on other sites
BC Tam 2 Report post Posted January 8, 2013 Can this speculated 'work for no pay' scheme be legally implemented in Malaysia, bearing in mind the recently enforced minimum wage regulations ? Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 8, 2013 Holy Molly Lord.......Since when professional jobs such as pilot became so.....so____________(fill in the blank)? Share this post Link to post Share on other sites
faiznafi 0 Report post Posted January 8, 2013 either way, we havent got the official offer letter from them yet. all that is confirmed for now is we have to pay for our type rating. we should know within weeks time. Share this post Link to post Share on other sites
Ikman Ikreza 0 Report post Posted January 9, 2013 Anyone can confirmed it will be operate and commerce flight on March 2013? Heard they will commerce flight KUL-BKI in March. Thanks. Share this post Link to post Share on other sites
flee 5 Report post Posted January 9, 2013 Last I heard, they don't have AOC - so cannot fly yet. Share this post Link to post Share on other sites
Mike P 0 Report post Posted January 9, 2013 Anyone can confirmed it will be operate and commerce flight on March 2013? Heard they will commerce flight KUL-BKI in March. Thanks. Our poor tiny compact LCCT is already damn packed... if Malindo is going to operate the flight by March and KLIA2 is going to open in June 2013.... wow... Share this post Link to post Share on other sites
dean hizudy 0 Report post Posted January 9, 2013 Our poor tiny compact LCCT is already damn packed... if Malindo is going to operate the flight by March and KLIA2 is going to open in June 2013.... wow... they already stated earlier if they will start operation in March, they are going to operate out of KLIA main terminal building before KLIA 2 start operation Share this post Link to post Share on other sites
Waiping 12 Report post Posted January 9, 2013 Wow! Almost half a millions spent on just getting on level ground. Time to consider becoming a doctor or lawyer instead. Share this post Link to post Share on other sites
Syukri 0 Report post Posted January 9, 2013 This is just a view from the reporter.. It is not been officially announced by Malindo...yet.. Share this post Link to post Share on other sites
Arthur Van Straten 0 Report post Posted January 9, 2013 In a telephone interview this afternoon with Mr. Van Straten, chief analyst aviation of BS International Bank Timbuktu, he maintains a solid performance prediction of both AirAsia and MAS given the fact that the Malindo joint venture will not come to fruition. He based his analyses on the observation that with the Airasia adoptation of the 1Malysia concept as withnesed by the Malaysian PM recently in KLIA, all faces are now looking in the same direction and hence the Malindo variant is obsolete. It has served its purpose. What Pak Rusdie thinks is irrelevant and the few thousand want to bees who have applied for a job are considered collateral damage. All is back to as it should be and everybody knows his place in the present environment. This analyses was given free of charge in connection with the never ending analyses of the main stream Malaysian banks who keep kicking in open doors with remarks on fuel prices and marketing strategies. To give a simple example here, as recently learned from a senior analyst of a well known bank in Kuala Lumpur, and I quote" If the price of crude oil goes up, the price of Jet Fuel will also go up. Now you know. Disclaimer, analyses of BS International Bank of Timbuktu should be consumed with copiees amount of salt. Cheers A.v.S. Share this post Link to post Share on other sites
reezal 0 Report post Posted January 12, 2013 Malindo CEO dismisses talk of financial woesPosted on 10 January 2013 - 05:38am PETALING JAYA (Jan 10, 2013): Malindo Air, a new joint venture (JV) airline between Malaysia's National Aerospace & Defence Industries Sdn Bhd (NADI) and Indonesia's PT Lion Grup, has dismissed rumours it is facing financial difficulties. "We don't have any financial problem. As it is, we are in the process of recruiting cabin crews and pilots and are making preparations to start launching commercial flights tentatively in March this year," Malindo Airways Sdn Bhd CEO Chandran Ramamuthy told SunBiz via telephone yesterday. "We are also working to get an air operator's certificate to operate flights in Malaysia from the local aviation authorities." Chandran declined to reveal the airline's current financial standing, saying: "As a privately-held company, Malindo is not required to share financial information about itself." He was commenting on a report by OSK Research Sdn Bhd on Monday that rumours were circulating that Malindo's major shareholder, NADI was reluctant to pour more capital into its JV with Lion Grup, Malindo is a 51:49 joint venture between NADI and Lion Grup. "It was also reported that we were charging a fee for any new commercial pilot licence (CPL) holder to undergo specialised training to have a valid type rating on Boeing 737 aircraft, but it is industry standard for an airline to charge a fee. "To get a type rating, one has to undergo six months training and the cost of type ratings can be recovered by either (CPL holders) paying upfront or through sponsored agencies," said Chandran. A type rating is a licence to fly a certain aircraft type that requires additional training beyond the scope of the initial licence and aircraft class training. OSK had noted that Malindo charges a fee estimated at US$30,000 for the first 500 hours, for any new CPL holder with B737 NG type rating who is interested to become pilots as opposed to AirAsia Bhd's practice of bearing the cost of type ratings in exchange for a six-year bond. The research firm had reckoned that this could be a sign of Malindo and Lion Air facing some financial constraints, but Chandran said it's nothing like that. "We will commence operations with two aircraft in March and will progressively add more to reach 10 aircraft in the first year of operation. We will start flying out of the KL International Airport in Sepang, and would move to KLIA2 once the new terminal is up and running," he added. SOURCE: http://www.thesundaily.my/news/585318 Share this post Link to post Share on other sites
CH Teo 0 Report post Posted February 6, 2013 Today Chinese Daily says BKI will be the first to enjoy Malindo Airways services starting from next month...flight in the pipeline are BKI-KUL-BKI & BKI-JHB-BKI... And there will be Economy and Business Class for the B739ER... It is just one month plus before March end, but still no sign of announcing fares and etc...hmmm...time will tell... More here for members who are Chinese literated (Sorry to say no sign of equivalent news is English or Malay): http://www.uniteddaily.com.my/?q=node/17300 Share this post Link to post Share on other sites
flee 5 Report post Posted February 6, 2013 Time to plan a plane spotting trip to BKI! Share this post Link to post Share on other sites
Alif A. F. 0 Report post Posted February 6, 2013 "Malindo Air to commence operations in March" - http://www.newsabahtimes.com.my/nstweb/fullstory/65762 Share this post Link to post Share on other sites
CH Teo 0 Report post Posted February 6, 2013 "Malindo Air to commence operations in March" - http://www.newsabahtimes.com.my/nstweb/fullstory/65762 Good, thanks for the English version... Share this post Link to post Share on other sites
