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Showing posts from January, 2015

AirAsia fuel strategy,in collaboration with GE;Did any of these contribute to the QZ 8501 incident ?

With operations so highly regulated by algorithms ,it needs to be asked whether AirrAsia aircraft can deal with the unexpected , for example  ice in the engines.  It also needs to be asked whether AirAsia  pilots have the flexibility they require  to react changing circumstances.In the words of AirAsia and GE:  GE FES collects data generated by the aircraft and its systems and applies proprietary technology to help AirAsia better manage their operations. The best of breed analytical tools deliver actionable insights that save fuel, reduce costs and drive out inefficiencies: One example is the Fuel Management Dashboard, which was rolled out to AirAsia in March 2014. The Dashboard, supported by other analytical tools within the FES suite, has allowed AirAsia to implement a comprehensive program of initiatives that are truly digitally enabled, including:   Optimization of climb profiles;   Single engine taxi operations  Use of  sophisticated stati...

Tune Insurance shares dumped:Forget the QZ 8501 conspiracy theories, and listen carefully to what Tony Fernandes has had to say.....

A week before QZ 8501 went down  AirAsia "group chief executive officer"  Tony Fernandes' investment vehicle Tune Group Sdn Bhd   sold a total of 944,800 shares in Tune Insurance Holdings Bhd . That disposal has led to a slew of conspiracy theories, and probably best treated as such.However, Fernandes has since the crash made some interesting statements which may well explain the reasons for the disposal and provide  some insight into Tune Insurance's medium to long term prospects. Immediately after the crash Fernandes told reporters that climate change may have been the cause. As he put it : "There's a lot of rain, so that is something we need to look at carefully because the weather is changing. The weather is changing . At this point, readers are reminded of the   duty  of disclosure of all risks, that underlie  any type of insurance contract : Insurers need information from consumers to decide whether to offer (and renew) insurance, and to dec...

QZ 8501 -That AirAsia Bhd will escape liability cannot be assumed

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Some examples that cast doubt on the assumption this far that because QZ 8501 is registered to AirAsia Indonesia, in which Air Asia Bhd has only a 49% (as opposed to 51% ) interest ,AirAsia Bhd is immune to  any liability that may arise as a consequence of the crash and resulting loss of life.The analyst community has ignored the probability of AA being found to be a shadow director of AirAsia Indonesia: Holding company directors – potential liability as director of subsidiaries? By  Jonathan Brooks  | 29 Oct 2014 Good Company October 2014 edition The Court of Appeal has recently considered whether a director of a holding company was liable to one of its subsidiaries for breach of fiduciary duties, despite not having been appointed as a director of the subsidiary company. The fiduciary and other duties which a director owes to the company which appoints him apply equally to someone who has not been formally appointed but who nonetheless acts as a director (a "de fact...