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Showing posts from August, 2007

I wish I could believe Raja Nazrin......but cannot.

Regent of Perak, HRH Raja Dr Nazrin has said all groups in society must participate in making decisions that affect their lives; and that institutions of governance must demonstrate norms that are fundamentally efficient, productive and just. http://thestar.com.my/news/story.asp?file=/2007/8/6/nation/18510694&sec=nation He is being hailed a reformer, a seeker of justice, a defender of the common man & woman's rights etc etc etc. To this writer at least, HRH 's actions appear to be noblesse oblige - the perceived obligation of those of high rank to be honorable and generous, but while hanging on to their privileges. 2 examples to make the point. HRH's sister YAM Raja Dato' Seri Eleena Azlan Shah45, is a director and major shareholder of Generasi Setia (M) Sdn Bhd, which is a major shareholder of Gamuda. Her (and Nazrin's) uncle Y Bhg Dato' Ir Kamarul Zaman bin Mohd Ali, also a director of Gamuda, rose from being Quarry Manager, JKR , to some...

AirAsiaX/FAX's financial position-in Tony Fernandes & AirAsia's own words

Point 1 - FAX,which now plans to operate a long haul service, could not run a rural air service for want of funds Financial considerations were the primary consideration of MAS in dealing with FAX, despite this being a national service operation. When FAX was not able to fully meet payments due to MAS as FAX had yet to receive sufficient funds from the Government, critical spares were held back by MAS. .....when FAX was not able to completely acquire MAS' inventory of spares for turbo-prop aircraft due to lack of available capital , MAS physically transferred the spares to Subang, Kuala Lumpur – further compounding the problem of access to spares." Azran Osman-Rani Chief Executive Officer Fly Asian Xpress Sdn Bhd From http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_cece9f2e-cb73c03a-9fdee000-3f717de2 Point 2-Apart from the funds that are said to have been provided by Richard Branson/Virgin and perhaps AirAsia at a later date, which may amount to pe...

AirAsiaX-now everyone can fly,but where to? Are Virgin, AirAsia guilty of market manipulation?

Story now at www.sahathevan.blogspot.com by Ganesh Sahathevan On 6 August 2007, Malaysia's STAR reported : It is learnt that Branson, via the Virgin Group, would take up a 20% stake in the airline's operator, Fly Asian Xpress Sdn Bhd (FAX). .......Sources said plans are also in place for the September take-off and the first destination still being speculated could be either Avalon in Melbourne or Brisbane . In response to that story Virgin's Paul Charles said: Virgin Group is watching the development of FAX very closely, but I can't confirm the story. On 8 August the Wall Street Journal reported: Malaysia's Fly Asian Express Sdn. Bhd., the privately owned carrier launching long-haul budget carrier AirAsiaX, will be profitable in 2008 and start flights at the end of September or beginning of October, co-owner Tony Fernandes said. "We will start flying at end-September or early October. Our first destination will be Australia, followed by China, India, Japa...