The above describes the new business model. It attracts many adherents who are mesmerized by Ithe consummate salesman. Only anointed people are allowed to make money. Others must never be allowed. The doubters and cynics are just envious. Maybe closet racists.
I see some bloggers are now ganging to demonize Tony F. I support them. But I am also somewhat bemused. Some of these writers met up with Azman Mokhtar and Danny at an appointed place sometime ago. The purpose of the arranged meeting was to allow Azman Mokhtar and Danny explained what they have done.
To me it’s simple. What they have done is an unpatriotic act to dismember and cannibalize MAS so that AA alone can prosper. While doing that they make money. It was a sting for some people to make tons of money.
I was also invited to come. But because of the presence of some right wing and morbid bigots, I declined the invitation. Also, I may have been watching the Godfather movie too many times. I remember the Don saying to his son (played by Pacino) to remember that the first person to arrange a meeting between the Corleone family with the other Mafia families, is the traitor!
Some of us are sanctimonious hypocrites about this thing. When Khazanah came out with the idea of aligning shareholders in the infamous share swap we were all singing praises. But some of us were also able to see the end game.
I have written a number of articles about this. I even mocked Bung Mokhtar and his friends who lambasted Azman Mokhtar and Tony F but stopped short of mentioning the other member of the troika because he is the brother of the PM. When I last met the banker, I told him directly that he what he was doing is downright unethical. Hamman, the minister during Paharoh’s time did consulting work only for the Pharoah. The modern Hamman does consulting work for both Paharoah and Moses. We hunt with the dogs and run with the hare.
Despite that, I am not going to take away my admiration that the guy is a workaholic and a good banker. He doesn’t shun away from meeting up and explain his actions. Whether the listener chooses to believe or not is a separate matter and is irrelevant to him. But as far as MAS is concerned, I am less merciful about his role. The whole thing, (this slipped from his own mouth) was planned as early as 2 years ago. Where? While rowing on the rivers Cherwell or Thames in Oxford? Vacationing at the Lake Districts?
When I asked the Oracle last time about the MAS-AA deal, he immediately said it’s an insider trading case. Pure and simple. MAS has to pay more to acquire 10% of AA’s share while MAS own shares dropped. Tony F and friend got MAS shares on the cheap. Investors holding AA shares saw their value dropped just after the so called merger. After the transaction was finished, MAS shares got up again. Tony F and Friend then were able to make another round of financial killing when the shares they got cheap, now went up.
So when Tony F the consummate marketer and bull-shitter carried out his guerrilla tactics by putting up posters( stickers) all over the place denouncing MAHB’s decision to raise airport taxes and so forth- it was actually a simple issue of muscling in. No need to say Tony F bites the finger of his master of whipping the master. These descriptions made his actions looked as a respectable exercise. There was even a more pathetic dog lapping gesture- imploring the CEO of Asia X to please not call us names. We are hurt you know, because we supported Tony F all the way. See? We are starting to cry.
The real issue here is this and Azman Mokhtar and his band of financial re engineers countenanced this- that the only people who can make money nowadays in Malaysia are the owners of Air Asia. Other people cannot make money too.
I am not going to defend the bosses of MAHB. If they are weak and can’t put their foot down, they are not worth defending. If they are inefficient as bosses of GLCs normally are, remove them. Bashir or no Bashir. Give them the boot. They should be let off to greener pastures. Show us la- you have the balls to compete and defend your turf.
You have a piece of asset that you can capitalize on- the airport and all the services therein. If you have to invest in the best automated system in baggage handling and all other things such as buying tickets by placing your hand phone over reading-machines, you invest in all these things because you can make people pay for all these conveniences. The problem is you are not using the material between your ears to the fullest. And I am not taking about your bulbous noses!
Azman mokhtar will now have a new case to present the PM perhaps through his main backer- the CIMB Boss. Since the people at MAHB don’t know how to run airports maybe in the interest of efficiency, we allow Tony F to make his own airport. Or allow his to acquire shares in MAHB. You will complete the vicious circle them. From airlines to airports.
Better still- make the airport in a god forsaken place- or a far flung place- Tebedu or Gua Musang, just construct a few shed with zinc roofs and people walk across an open field, no tarmac even, no aerobridges, no baggage handling machines, no cargo handling and everyone can fly. Everyone lugs their baggage and cargo themselves. That will lower costs.
The MAHB can make money through baggage fees and cargo handling. While these items stay on the premises of the airports, airport owners have the right to make money. If they raise the fees unnecessarily, the consumers will vote them out. Now, when these are on the planes, the plane owners make money.
Here the case is, plane owners can make money and want to, airport owners cannot.
Plane owners know baggage fees and cargo handling are significant contributors to the income of their companies. These are even described as gushing streams by Tony F. Maybe in private, they are described as squirting streams.
The problem is Tony F doesn’t want Malaysian Airports Holdings Bhd to be part of that "gushing stream". Only AA wants monopoly over the squirting sources of revenue. Otherwise plane owners only make money on top of the charges levied by airport owners and Tony F knows that that each cent added to "his" "gushing stream" means an additional burden on passengers who are then likely to revolt against all charges. This could in turn lead to a forced scaling back of charges, causing the "gushing stream" to weaken, possibly to a point where AirAsia cash flows will be adversely affected.
When Tony F launches his guerrilla tactics, how are people taking that? Perhaps that feeling is best represented by a short e mail to me, sent by a person using the name of JL.
“What is this chap from AA trying to prove? Who is he to declare war on the authority? If he cannot accept the increase, move to somewhere else where he does not even require to pay anything for that matter (that is if he can find such a place). How about Indonesia that he has been harping about? Go man, go, nobody is going to stop you from moving away. He only knows how to pin-point on others, what about himself e.g. all those unreasonable charges that he has imposed on the travellers? Aren't all these increases from his end driving the cost of travelling up too? His agenda is very clear i.e. to make as much as possible at the expense of others including MAHB. Only AA can increase on anything that this bloke and his team can think of as and when they like but not others!
Over to MAHB, please do not let this bloke from AA get away scot free. Nail him by his balls. Make him move his outfit out of MAHB premises the sooner the better. His throwing of insults via his tweet & Facebook should not be tolerated. Should MAHB remains unmoved, MAHB will be sending the wrong message to all and sundry on the type of government we currently have. MAHB will directly or indirectly encourage others to do likewise. MAHB, please take action where necessary. MAHB is in business to make money (always remember that). Tax payers are already fed up with all the bail outs.
Will Tan Sri Basir Ahmad please put your feet down once and for all to shut this AA bloke for good. Do not even border who is or are behind this bloke. He needs to be humbled in a big way and urgently too
This chap from AA is getting out of control and his behavior is real teruk to mention the least. He may think that he has some big guns behind him that is why he is getting uncontrollable which is bad for the rakyat and the world at large.
Please Dato' we have to collectively bring this guy down to eat his humble pie failing which I am sad for the government of the day and the GLC involved.
Thank you very much”.
I have reproduced the e mail verbatim. Certain parts I don’t agree. For instance, about being sad for the government of the day and the GLC involved. These are emblematic of a government and GLC who don’t know how to handle things.
Tony F has strong backers in the government - UMNO to be precise. So who dares to take him on?
ReplyDeleteRest assured nothing will happen to the bloke, like you said in your title plus those who benefit from the bloke. The cowgate is a good example. Free big money privy only to those in power - this is according to umno delegates at the recent general assembly.
ReplyDeleteP.S. Its okay for others to suffer but not the Don and band of crooks!
Dato,this Tony F is getting to be a real pain in the ass.His gimmicks are making him look like a fool.In fact he is the laughing stock of his employees in AA.The only thing is that they are laughing at this fool from the behind.
ReplyDeleteHe is just a puppet of some politicians.If he really is such a big guy like people assumed him to be,where is his class.No standard at all.Acting like a crybaby and spoilt brat,just because he got some Umnoputras behind his fat ass,he thinks that he wants to control every body including the guys at MAHB.
He is just a clone of Donald Trump.
Everybody assumed that he is fully loaded.But like the Wall St guys like to say 'too big to fail type'.The banks are afraid that these guys will go pokkai,not the other way around.That is how these pretenders survived.
Would it surprise us to know that The Govt of Malaysia (GOM) and by extension UMNO (or vice versa) are full of traitors? Traitors who have no qualms whatsoever to betray this nation and its people as long as they receive their 30 pieces of gold or in current practices, millions of RM and to some, billions. The answer is NO! It wouldn't surprise me one bit and so does many millions of Malaysian.
ReplyDeleteWhat does surprise me is the sheer lackadaisical attitudes of Malaysian especially the Malays towards these traitors. Is it because those traitors are majority of them Malays and elected Malay leaders at that? It's okay for those Malays leader (political and business leaders) to be traitors as long as they keep shouting "Ketuanan Melayu" or some similar bovine excrement? But then again, what can you expect from a drunk and stupor race?
The real problem is not the traitors! The real problem is the Malay themselves. They are so drunk and stupor over the "ketuanan Melayu" liquor that they are oblivious of anything else except the need to stay intoxicated and feeling drunk happy in "limboland". That's why, last weekend, PWTC was the place where the flow of "Ketuanan Melayu" liquor was unbridled and gushing. It was truly "Happy hour" for the Malay masses and the drinks are aplenty and especially strong too!
TDM know this (so does his successor) and that's why he and UMNO repeatedly offered the Malay masses this powerful drink albeit in different bottle and brand such as PERKASA and now maybe PEKIDA. TDM and UMNO know that as long as the Malays are kept drunk and stupor, they and their band of warlord can keep on controlling this nation and deploy their many traitorous thieves to rob the nation wealth as they please without fear and restraint.
The thieving has started decades ago and what we are seeing right now with AA, MAS, FELDA and especially PETRONAS are not an exception but merely the norm (it's business as usual for the thieves and their masters!) The only "fly in the ointment" so to speak in this tragedy is that the Malays maybe develop higher tolerance to the liquor and maybe, just maybe no amount of the liquor could send the Malays into drunkenness stupor ever again. I hope!
Nick.
Dato', Tony is ready to move AA HQ to Indonesia. With that goes huge amount of revenue for the airport. He has MAB and the government by their balls. That is a fact. They will play ball the way he wants them to play.
ReplyDeleteDato',
ReplyDeleteAA is thinking ahead on how to deploy his soon to arrive 300 planes on order. Killing off MAS to take over new routes is definitely a way to it.
Hi Dato,
ReplyDeleteSorry Dato' I disagree and here is my explaination.
From economic theory even though one can pass through the tax through pricing, there is a deadweight loss, which will be shared by consumers and supplier i.e Air Asia. In simple English, AA's profit will suffer due to the additional tax placed by MAHB
Frankly speaking, I think discount airline is a "scrappy business" where the Airline CEO has to be obsessed with safeguarding his Airline i.e the wealth of AA shareholders. For that matter, just see how ferociously Steve Jobs attacked HTC through lawsuits to protect his Apple iPhone. This is business, not soap opera.
In this regard TF is engaging in a fight with MAHB. Lets leave perceived morality out for a minute and ask ourselves one question: If we were a shareholder of Air Asia would I rather have TF meekly submit and say "saya yang menurut perintah" or fight MAHB.
That should be the only question every CEO should ask themselves, not whether they are upsetting the feelings of other CEOs.
Think for a moment why we have to spend money and read about Jack Welch, Steve Jobs and Bill Gates or pay millions to McKinseh. Like it or not, TF has managed to do what nobody in Asia has done, run a profitable discount airlines business. Why is it ok for us to accept what that these white man are obsessed about maximizing shareholder wealth but force local businessmen to be obsessed about satisfying the feelings of others?
This is the game of who blinks first, both with equal formidable backers!
ReplyDeleteTF is right to worry about the ever increasing external cost of running an low cost airline.
Meanwhile he is already squeezing a lot of his profits from incidental passenger charges, which many a airline passenger is been dis-orientated to pay. What r a few RMs more for creditcard payment, priority booking, exorbitant F&D sold on board etc etc, when u r already paying big portion of the money for just the bare fare, which has been artificially marked low through marketing gimmicks.
Any additional external increase, such as extra airport tax, would certainly blows its bag of marketing tricks.
TF foresees that coming, thus the planned move to Jakarta, where the cost of running a normal airline is very much lower. Hence even more profit for a low cost airliner with just the right marketing plan.
Any wonder why low cost airlines can NEVER make BIG money in matured economy? Simply bcoz any marketing magics can quickly be turned on themselves by the matured users.
Meanwhile, MAHB is just like a sleeping ..well GLC. Nothing moves when there is zilch personal gain, either by the backers &/or the operators.
Case in hand - every frequent KLIA users know that it's a VERY under-used white elephant. Then why the hell that part of the under-ultilised KLIA cannot be redesigned to cater for the use of an low cost airliner? More so when that airliner is the major users provider to the airport facility.
Could it be bcoz, of the usual GLC money-spinner - not project no undertable. The biggest the project, the fattest is that bag under the table.
This is despite the fact that KLIA is been slowly running down by poor maintenance work! Make one wondering how those winning awards that KLIA claimed to be won were been awarded.
BTW, '..the airport in a god forsaken place- or a far flung place- Tebedu or Gua Musang, just construct a few shed with zinc roofs and people walk across an open field, no tarmac even, no aerobridges, no baggage handling machines, no cargo handling and everyone can fly. Everyone lugs their baggage and cargo themselves. That will lower costs.'
is a fair description of many of the airports been managed by MAHB. But the low cost part? Then one need to re-read & fine-comb the published a/c to see the true picture.
For MAHB, the sad fact is - it's depended on AA to bring in the money. otherwise it's a financial poison. That also explain why TF can be so openly critical about MAHB's poor management records.
All said and done, I still support Tony. Period.
ReplyDeleteOur authorities are just useless.
I flew with Air Asia three times, and twice the flights were delayed - by hours. And as stated in the terms and conditions, there is nothing much the passengers can do. To me, 2 out of 3, that's 66% failure. I have never flown Air Asia since. I will only use them if it absolutely necessary and there is no other options. Otherwise, I would rather revise my traveling plan in order to fly another airline. There are a lot of things that I do not agree with Air Asia - hidden charges, for example. Most of them has already been discussed publicly on the net. And what amazes me is how the government sided with him on many occasions. But this time, he has gone too far with MAHB (which is owned by the government). But like Khrisna mentioned above, who dares to take him on?
ReplyDeleteIt started with MAS losing monies and keep losing until the powerful ppl in the gomen felt that this entity really need some makeover to allow it to breathe easier.
ReplyDeleteThe gomen is more worried on the future of those MAS employees than anything else. Which entity is going to accept these fat monkies who have been having a joyful time working in MAS expensive and elegant cars and benefits to go with it.
what does JL mean by saying declaring war on authority? MAHB is a PLC in the business of airport management. They currently monopolize the market of airport management in Malaysia operating almost all the major airports except Senai. How do we know for sure that MAHB isn't abusing their dominant position by hiking the rate too high?
ReplyDeleteTheSeer: When the Government falls,or when it has to compromise and share power with the Opposition,that is when Tony F will be in trouble.
ReplyDeleteDear Sakmongkol
ReplyDelete“Only anointed people are allowed to make money.”
Ah, you have waded into a vexing issue of great public interest. If we ask Malaysians what sort of economy do we have, we would get a range of answers. Many might think we have free market capitalism. In effect we have a rojak sort of system, where corporate capitalism - some might even call it crony capitalism – bumps up against free market capitalism.
In many areas of commerce and industry, setting aside Bumi-quota requirements, special licence-type businesses and other NEP related issues, Malaysians are quite free to use private capital to do business and compete against each other. However, in many other areas, the government through GLCs gets into business, creating in the process monopolies or quasi-monopolies. The Malaysian Airport Holdings Bhd – a government-private sector company – is one of them. MAHB is a monopoly. Every economic student is taught that monopolies seek to maximize profits not through providing better goods and services, but by dint of its special position as the only provider of that good or service.
Let us leave aside Air Asia for the time being. MAHB has no incentive to minimize capital expenditure in building airports or in keeping running costs down, especially so when there exists opportunities (not necessarily existing, but only possibilities) for managers to make money on the side. This malady does not just affect Malaysian government monopolies but applies to nearly all such monopolies, excepting perhaps Singaporean ones. Although MAHB has private shareholders, they do not control the company or appoint its directors, who are appointed by Khazanah who controls 54% of MAHB.
Therefore given its monopolistic nature, the public has ample reasons to be concerned when the cost of building KLIA2 doubles (for whatever reason, some legitimate, but surely some, not) and airport usage fees goes up. The travelling public has no choice but to cough up more money to travel. If the fees are unreasonable, this amounts to an indirect tax on passengers, and the profits goes 54% to government and 46% to the investing public (not to all passengers). As for Air Asia, its complaint is simple: a higher fee reduces air travel demand – Now Not Everyone Can Fly! It will of course pass this higher fee onwards to us the travelers, but higher cost is anathema to a low cost carrier whose business model depends on keeping all costs down.
Let’s cut to the chase. Does MAHB make unreasonable monopolistic profits, which is more unbearable if it is incompetent at keeping capital and running expenditure down? Does AA also make monopolistic profits because the lame MAS effectively cannot compete and has thrown in the towel and there is not another low cost carrier to give Air Asia a fight? Finally, are these two outfits making money to the exclusion of the other, that is, if one makes money, the other loses? I will not answer the first 2 questions, but for the third, my answer is a clear no. The ultimate losers are we, the travelling public. Anointed people on both sides of this quarrel are making money at our expense.
Dear AK47 & readers,
ReplyDeleteThank you for the write up on the AA-MAS foul deal, the public investors were screwed big time.
However, the title of your piece was about AA's protest over the airport tax and my comment will be within that context.
First of all, I think Tony F probably had a shock of his life when he realized that there are many people, mostly his customers who aren't exactly his admirers. Most of us use AA as there is almost no alternative, considering the lack of competitors. I and many of my friends would rather fly MAS than AA whenever the price difference is negligible, e.g. RM100.00 or thereabouts. Yes, it does happen sometimes.
There are many reasons for travellers disliking AA. First and foremost, the AA crew - both ground and air are infamous for being obnoxious and rude.
Many times they seem to give you the feeling that we owe it to AA that we can fly cheap. I have witnessed this myself many times, when the ground crew tell off foreign passengers who were confused about the baggage rules. Most times the foreign passengers were not conversant in English or Bahasa.
The point is,just because AA is a "cheap fare" airline does not mean that the staff has to be rude or arrogant. McDonalds sells burgers and fries for less than RM10/=, yet their staff are better behaved and certainly more courteous.
Where is the corporate citizen spirit in AA? If anyone had ever witnessed how the AA crew pressure the passengers to walk across the tarmac in a heavy thunderstorm with small red umbrellas, would have been disgusted. There was one occasion when I told the stewardess to ease up as there were quite at least 10 or more very old passengers (Khmer Cham people)who were hesitating to walk in the heavy rain. She snapped at me that I had no business to speak up for the old folks! WTF!
Then, of course not forgetting that AA charges for almost every darn thing except your hand luggage.You are even charged for calling their helpline.
Now lets tackle the MAHB issue.
MAHB is a GLC and that would mean, taxpayers' money are involved, of course through Khazanah. At the end of the day, its our money and we are the ultimate stakeholders in MAHB.
Of course some readers would scream and say that MAHB is another lousy and mismanaged GLC like the NFC etc etc etc.
Mismanagement, bad management and abuse is our problem, the taxpayers' problem. We have to tackle those issues separately, maybe through a change of leadership - at PutraJaya?
But for AA to try and rouse the public to protest against a tax hike by our own GLC is just plain stupid. Its like asking us to cut our noses to spite who? To spite MAHB? Then we are in fact screwing ourselves.
Yes, AA may raise their price to cover the incremental tax, but thats the way business works. In the end the tax goes back to MAHB which is a GLC which is owned by the taxpayers.
So if you have a problem with whether we will see any of the monetary benefits in MAHB or would it be frittered away, now that is a governance issue, and a political problem.
BUT its definitely not a business issue between AA and MAHB for us - the public taxpayers - to fight on behalf of AA.
If AA is unable to sustain an increase in tax and begin to lose passengers due to smaller price differentials with major airlines, then AA would just have to work their management skills to be more efficient and maximize their assets, while also reducing costs in non-critical areas. Thats the way business should be conducted.
So I hope this has been a wake-up call to everyone, to remember that we are all accountable in one way or the other. Even now, many fellow citizens are questioning the way our country has been governed, from purchases of over priced screw-drivers to the moronic behaviour of the BN ministers .....then who the hel does Tony F think he is? God's gift to air travellers?
Thank you AK47 for the space to let off my steam.
Best regards,
Y S Yap
Tony can move to wherever he wants including Papua.
ReplyDeleteShould he do that, we can always review his landing rights etc since i was told that AA is no longer owned by malaysians ( share-wise less than half)
Tony can play ball now.
ReplyDeleteWhat about his mid long term plans?
What if the government of the day changes and redo MAS puzzles reharness profits with accountability? Tony would be Fucknandassed by then.
Anon 08:20
ReplyDeleteLet Tony moves his HQ to Indonesia. Do not fret MAHB. Lost revenue? Yes, but over time MAHB can easily recover with efficiency and excellent service process. Do you people at MAHB think you need more AA than Tony F does. I resolutely think Tony F needs more MAHB than you do. Reason? If Tony can survive without trampling over MAHB, why do you think Tony has employed guerilla tactics? He knows where the goose lays its golden eggs. If moving to Indonesia benefits him the most, he would have left decades ago. Patriotism? In business vocabulary there is no such word as patriotic, the least in Tony's mind.Let AA go to Indonesia and you would think Tony will get similar privileges accorded by the GOM if not better, by the Indonesian govt? No? He will get his balls flaming red squeezed by the Indonesian authorities with dry urine dripping out. Do not be fooled by his threats and bluffs. He will one day eat his humble pie whether he likes it or not. MAHB, just do your job.
Frank Zappa
if TF sombong sangat ask the gomen to give another low cost airline licence and see how he can compete....present gomen or new gomen pon bolih.....
ReplyDeleteNo need to argue, all these GLCs are all parasites constantly sucking our blood. Quote a govt project that keep to the original budget. None ! Like to Cow project, Finance ministry pay out before agreement signed. Don't u think the minister concern who happened to be PM should be sacked?
ReplyDeleteTF did not impose upon us to travel his Air Asia. We have a CHOICE and maybe CHOICES! And TF has to work for his rewards.
ReplyDeleteHowever MAHB is a monopoly. We do not have ANY CHOICE except to pay. Any why should we pay for their fancies or inefficiencies.
SDRA SAK MONG KOL AK47
ReplyDeleteIzin saya,
Kepala Tajuk Sdr mendorong saya teringat Tony baca buku George Orwell--di mana dalam babak terakhir ketua kumpulan beristihar
"all men are equal but some are more equal than others"
"Enough has been said = I said the most since MAHB got zero chance to reply therefore enough have been said".
Wah siapa yang bagi dia lesen besar kutuk MAHB selepas ambil alih 25 % share ?
Takkan semua AA damage control experts masuk TV kata "kami ta k tau ....
Semua Media tolong serlah kan TSTF dan Air Asia ,saolaah nya macam semua dah hukum MAHB yang orang jahat ke ?
MAS tak ujud lagi ?
MAHB adalah jekai sangat ke ?
Walau apa pun dalam era ini alam maya sudah catit segala nya , dan alam may akan menghukum kerakusan manusia yang tamak dan tak puas hati dan scheming(blue ocean) dan tidak alan puas sehingga haloba nya membeli segala nafsu mau.
Tapi itu adalah lumrah alam.
Soal nya ada tangan tangan halimunan bekerja di balik tabir .
99 % kepunyaan orang orang yang sama juga.....
No To Tony!!!!!
NO To Tony!!!!!
No To Tony !!!!
No To TONY !!!!
No To Tony !!!!
(saya ta ada kerete warna putih parkir kat airport)
arjuna waspada
changkat lobak.
Dato',
ReplyDeleteReading between the lines, it is becoming clearer that there is a newer and younger model (puppet-master) in town....i.e. from the banking arena. How does this augur with DZ and his crony generation?
If Dato' permits, here is an interesting article with ex-MAS comments.
http://bn.bonology.com/2011/12/confirmed-incompetent-and-idealess.html
MAS cannibalization will very likely see it de-list after the new premier airline starts next year.
On a separate note, I have never had a problem with AA ground or flight crew and I fly AA twice monthly. I fly MAS (long haul) twice annually and face surly crew every time!
Me thinks it is time to spend all my Enrich points and move future bookings to SIA.
Mr YS Yap,
ReplyDeleteGood write-up! Most of the parts I agreed, except this –
‘MAHB is a GLC and that would mean, taxpayers' money are involved, of course through Khazanah. At the end of the day, its our money and we are the ultimate stakeholders in MAHB.’
Yes, we r the ultimate stakeholder of ALL the GLCs. But, these ultimate stakeholders get zilch returns from all these GLCs, except white-eyes!.
REMEMBER, in written record, ONLY Petronas pays DIVIDEND yearly to the govt. & that happens only in the recent past 10 yrs!
Many other GLCs r money suckers. Huge seed money provided, yet zero returns when that particular GLCs is making money, never mind about the money-losing ones.
Some might argue that Maybank pays dividend yearly. But then Does Khazanah pays any dividend to the govt? Bearing in mind that Maybank is operating with public raised fund, while Khazanah is using seed money from govt.
Under such a scenario, the ONLY people who profits from these scheme is the anointed management team that enjoys big remuneration – that’s salary + allowance + ‘side benefits’ etc etc etc. never mind about their ‘gold-plated’ namecard with ‘BIG’ title thrown in.
So, in this regard, TF’s rage against MAHB has my full support, even though I don’t buy his AA’s true & hidden philosophy of sucking dis-orientated users every-which-way possible via a jingoistic ‘now everyone can fly’ catch logo.
In fact all the stakeholders of the GLCs should take the right action by nailing the godfathers of the anointed management team to the wall for all to see.
Only then can we deal with TF twisted business plan of AA fairly.
Salam Dato'
ReplyDeleteThe end game as some of us can see it will be of that Malaysia must just have a one airline monopoly. (No 2 tigers on the same hill?) And all the players as you described it are and have been conspiring their huge self interests in greedy manupulation to finally finish off Malaysia Airlines.
The heavy loss-making and very diminishing assets airline has become poor meat for these well connected pirates to make any more huge bucks off Malaysia Airlines.
Still their plan may not be achieved as to be expected. Today the hidden and not so hidden players are formidable but they are still the cronies and the behests of the vested interests in UMNO.
We may just get to see the surprise factors that will come about following hopefully the game changing GE 13
Datuk, a comment from one of my readers today:
ReplyDeleteRoti Sunshine said...
When the mercurial MGG Pillai was taken home by the Creator, I wondered who else would come forward take his place?
Indeed no one is indispensable, not even those blood-curdling types from the evil empire of rascists, bloodsuckers, Christian-bashers, self-righteous cheapskates,trouble-makers and what not!
And thank God for Sakmongol AK47, a true patriot who doesn't write by plucking words from thin air and an even thinner brain!
When he writes, his pen is like a knife that cuts deep into the truth and makes even the most-devious puke and then swallow his own mess!
Thank you Dato' Mohd. Ariff Sabri bin Haji Abdul Aziz for you were born for such a time like this.
May you live long to bless Malaysians with your wisdom and witty words of truths and honesty!
Rip it into those self-righteous suckers who think they were born to rule forever.
December 8, 2011 11:17 AM
Dato,
ReplyDeleteDengar cerita CEO NFC (suami Sharizat) dpt gaji 100k sebulan, anak sulung (age 31) dpt gaji 45k sebulan, anak kedua (age 27)dpt 35k sebulan, anak ketiga (age 25) dpt 35k sebulan. Jika ini betul, ia sesungguhnya memalukan. Ambil duit rakyat buat bayar gaji besar.
Anak saya pun graduate juga. UPSR, PMR, SPM dapat semua A. Umur 24 tahun. Kerja swasta. Dia pun work hard. Balik kerja paling awal jam 9 malam. Kadang2 sampai 1 pagi. Gaji dia RM2,700/sebulan. Adakah anak saya akan sokong BN/UMNO kalau begini keadaannya? Saya dah tahu jawapannya. UMNO tak boleh kelentong orang cerdik. UMNO is not capable of changing, not with the current leaders.
When more than 50% of our working population is earning less than RM2k/month, tak tahu malu ke mereka-mereka ini. Merompak siang dan malam, 7 hari seminggu. Perompak Ali Baba P Ramli pun ada cuti hujung minggu.
Dato',
ReplyDeleteUncle Tony is only the proxy front for his powerful UMNO godfathers. The UMNO godfathers are the real Mafia Michael Corleones and Uncle Tony is, well, the Mafia henchman who is their hitman. Hitmans are also well rewarded and enjoy fame and fortune at the same time until they fall from grace due to a missed or bungled hit.
Tony is always trying to get everyone fly at affordable rate .... but yet MAHB is charging unreasonable airport tax for AA passengers.
ReplyDeleteNow..... it seems that Everyone Cannot afford to Fly anymore.
dato', remember what the president said "jadi la orang umno, bukan sekadar ahli/penyokong umno". bottom line, don't betray the struggle for malay supremacy. you must support without, question, all the divine, intellectual, precise decisions made by the government. so jadi lah orang umno. stujuu??
ReplyDeletebtw, tony is laughing his way to the bank, while 29000 of public servants sent home to play with their balls.
Sak enjoy...
ReplyDeleteSpare a thought for Uncle Tony F, Chief Executive of 'Air Asia"...
Arriving in a hotel in KL Sentral he went to the bar and asked for a pint of draught Guinness. The barman nodded and said, "That will be one Ringgit please, Uncle Tony."
Somewhat taken aback, Uncle Tony replied, "That's very cheap," and handed over his money.
"Well, we try to stay ahead of the competition," said the barman. "And we are serving free pints every Wednesday evening from 6 until 8. We have the cheapest draught in Asia."
"That is remarkable value," Uncle Tony comments.
"I see you don't seem to have a glass, so you'll probably need one of ours. That will be 3 Ringgit please."
Uncle Tony scowled, but paid up. He took his drink and walked towards a seat.
"Ah, you want to sit down?" said the barman. "That'll be an extra 2 Ringgit. You could have pre-book the seat, and it would have only cost you a Ringgit."
"I think you may to be too big for the seat sir, can I ask you to sit in this frame please?"
Uncle Tony attempts to sit down but the frame is too small and when he can't squeeze in, he complains, "Nobody would fit in that little frame."
"I'm afraid if you can't fit in the frame you'll have to pay an extra surcharge of RM 4 for your seat sir."
Tony swore to himself, but paid up. "I see that you have brought your laptop with you," added the barman. "And since that wasn't pre-booked either, that will be another 3 Ringgit."
Uncle Tony was so annoyed that he walked back to the bar, slammed his drink on the counter, and yelled, "This is ridiculous, I want to speak to the manager."
"Ah, I see you want to use the counter," says the barman, "that will be 2 Ringgit please." Uncle's face was red with rage.
"Do you know who I am?"
"Of course I do Mr Fernandes."
"I've had enough. What sort of Hotel is this? I come in for a quiet drink and you treat me like this. I insist on speaking to a manager!"
"Here is his Email address, or if you wish, you can contact him between 9 and 9.10 every morning, Monday to Tuesday at this free phone number. Calls are free,
until they are answered, then there is a talking charge of only 10 sen per second provided you use Tune Talk using other mobile carriers would incur our normal charges of 30 Sen per second."
"I will never use this bar again!"
"OK Uncle , but remember, we are the only bar in Asia selling pints for one Ringgit...so that 'Now everyone can drink'. "
Many of us laymen are a bit blur on the MAS-AA tie-up although we suspect that the ruling politicians and Tony Fernandez are in cahoots to strip it bare like Diam and gang did. Reading your article is like a wake-up call. It looks like this is nothing but another scam to strip a GLC assets for personal gain. Another Umno project to milk millions from the taxpayers that is.
ReplyDeleteto be accurate your headline should have read:
ReplyDeleteONLY ONE AIRLINE OWNER CAN MAKE MONEY!
Increase by all means, but sooner or later, there most probably would be a government bailout.
ReplyDeleteIts about efficiency that makes money, not a bloated army of workers .!!!!!!!
Dato'
ReplyDeleteJust a thought. Airports and terminals (low cost or otherwise)should be infrastructure provided by the government, with MAHB implementing and maintaining such infra. The funds for this should be from the government considering the income from the businesses generated from these terminals and the tourism industry. Airport tax can be equaled to the toll as imposed by PLUS and others on our highways. Exorbitant charges will surely bring howls of protest from users.
To blame Tony F for protesting at high taxes, which are in return imposed on the millions of users of the facilities is akin to blaming all and sundry for requesting the abolishment of highway toll.
Furthermore, when part of the taxes collected is used to subsidies YTL's much hyped ERL, even by the millions who do not use them, Tony F is justified in griping about MAHB's unjustified 'toll' collection.
Thank you for allowing me space.
Datok,
ReplyDeleteYou are gorgeous la. Told hammas directly unethical.
TABIK
I wonder why those guys who had failed to use WAU to save MAS is still given the chance to repair the damage they had done. Its going to be worst... .... he had been sacked by Maybank....
ReplyDelete