Key to encircling and containing China, US sets proxies in motion for color revolution in Malaysian streets
US-proxy Anwar Ibrahim leads a Bersih rally in Malaysia. While Bersih has attempted to claim it is “independent” and simply pursusing “fair and clean elections,” it is clearly a vehicle for returning Anwar Ibrahim back into power. Additionally, Bersih shares the same ties to the US State Department’s National Endowment for Democracy (NED) as its crypto-leader Anwar Ibrahim – representing a dangerous and seditious conflict of interest.
May 15, 2013 (AltThaiNews) – US-funded opposition fronts have vowed to overthrow the Malaysian government via disruptive and potentially violent street protests in the wake of general elections that saw their leader Anwar Ibrahim soundly defeated despite massive support from Western media, NGOs, and direct government intervention. Free Malaysia Today (FMT) reported in their article, “‘BN will be toppled this year’,” that:
Pro-Pakatan Rakyat groups have vowed to overthrow the Barisan Nasional government this year through a massive street rally.
Speakers at a forum held yesterday unanimously agreed that waiting for five years until the next general election was too long, and vowed to overthrow BN this year through “force”.
FMT also added that:
Electoral watchdog group Bersih 2.0 steering committee member Hishamuddin Rais pointed out that it was useless to take their unhappiness to the courts as he claimed the justice system was being controlled by the government.
“That is why we must take to the streets. We have to come out. What Najib likes is wrong, and what he doesn’t like is what we have to do,” he said.
“We will mobilise a big group and rally on the streets. This is not a threat, this is a promise,” he stressed.
Bersih, of course, is a US State Department-funded opposition front aimed to bolster US-proxy candidate Anwar Ibrahim, formerly of the IMF and World Bank, and a frequent visitor to the insidious National Endowment for Democracy (NED) in Washington D.C. It is in fact, NED that funds Bersih through its subsidiary, the National Democratic Institute (NDI).
The Malaysian Insider reported on June 27, 2011 that Bersih leader Ambiga Sreenevassan:
“…admitted to Bersih receiving some money from two US organisations — the National Democratic Institute (NDI) and Open Society Institute (OSI) — for other projects, which she stressed were unrelated to the July 9 march.”
A visit to the NDI website revealed indeed that funding and training had been provided by the US organization – before NDI took down the information and replaced it with a more benign version purged entirely of any mention of Bersih. For funding Ambiga claims is innocuous, the NDI’s rushed obfuscation of any ties to her organization suggests something far more sinister at play.
In addition to Bersih, other faux-electoral monitors are also directly funded by the US government. While the Western media attempts to portray such organizations as “independent,” the Merdeka Center for Opinion Research, for example, is likewise funded directly by the US through NED.
Anwar Ibrahim himself was Chairman of the Development Committee of the World Bank and International Monetary Fund (IMF) in 1998, held lecturing positions at the School of Advanced International Studies at Johns Hopkins University, was a consultant to the World Bank, and a panelist at the Neo-Con lined National Endowment for Democracy’s “Democracy Award” and a panelist at a NED donation ceremony – the very same US organization funding and supporting Bersih and so-called “independent” election monitor Merdeka – paints a picture of an opposition running for office in Malaysia, not for the Malaysian people, but clearly for the corporate financier interests of Wall Street and London.
Photo: Taken from the US National Endowment for Democracy’s 2007 Democracy Award event held in Washington D.C., Anwar Ibrahim can be seen to the far left and participated as a “panelist.” It is no surprise that NED is now subsidizing his bid to worm his way back into power in Malaysia.
Without a doubt, this premeditated sedition aimed at Malaysia’s ruling government has been designed, funded, and directed from Washington on behalf of Wall Street and London, not by the Malaysian people on behalf of Malaysia’s best interests.
The street protests conducted by Bersih have all the hallmarks of US-backed “color revolutions,” and this recent attempt to overturn election results that do not favor an overt US-proxy, foreshadows the same destructive, divisive, violent, and regressive unrest that has plagued Tunisia, Libya, Egypt, and Syria after US-engineered uprisings have left each in turn destabilized, failed states overrun by extremists, dictators, and traitors many times worse than the governments activists sought to overthrow.
And with Tunisia, Libya, Egypt, and Syria in hindsight, will Malaysians fall into this same familiar trap? Whatever discontent Malaysians may have with the current government, it is all but assured Bersih and US-proxy candidate Anwar Ibrahim will compound perceived injustices while compromising Malaysia’s political, social, and economic stability, and begin channeling Malaysia’s resources and energy toward foreign interests and designs, particularly those involving the encirclement and containment of China.
An Alternative to the Tired Ploy of “Street Protests”
For the average Malaysian seeking progress, a better bet than joining US-funded sedition would be to turn their attention toward organizing locally and focusing on pragmatic, rather than political, goals. Education, local economic development, health, and local infrastructure are all areas Malaysians, regardless of political affiliations, can work together on and improve regardless of who holds public office.
And while special interests, both foreign and domestic, can indeed hinder such progress, they do not make such progress impossible. What is certain, is that corruption amongst Malaysia’s ruling party pales in comparison to that of Wall Street and London – and Malaysians will place themselves in the path of guaranteed destruction by inviting in the very people who dominated them before achieving a hard-won independence.
Democracy, in reality, is supposed to be a bottom-up exercise drawn from the grassroots. Bersih is clearly a vehicle for Anwar Ibrahim and his political machine – one whose message is funded, crafted, and declared from Anwar’s political advisers and foreign backers, and disseminated across the movement – however cleverly “democratized” Bersih may attempt to appear.
Malaysians do not need a political party to improve education, to grow their own food, to develop business locally by leveraging technology, or to improve local infrastructure and strengthen local communities. The time being wasted to assist Anwar Ibrahim’s worming back into political power at the cost of peace, stability, and prosperity could be better spent developing truly grassroots pragmatic power.
Real revolutions do not happen out on the streets – they are manifested in our schools, across industry, and within our communities. They are marked by pragmatism and true, enduring technological and socioeconomic progress – none of which are even promised by Bersih and Anwar Ibrahim’s “People’s Alliance.”
If the people of Malaysia truly want “change,” they are going to have to do it themselves by building local institutions that technologically and pragmatically solve real problems rather than simply craft slogans and campaign promises that merely pander to the concerns of the people. Following the flags of Bersih into the streets will undoubtedly begin instability and division across Malaysian society that will jeopardize, not spur, real and very necessary pragmatic progress.
This week we would unveil the rooted foundation of the failing management in Malaysia Airlines.
We would begin unveiling the wicked structural planning by Ahmad Jauhari; episode-by-episode containing the factors corrupting Malaysia Airlines for Tony Fernandez.
This first episode distress one of the leads we believe is Hayati Dato Ali.
A double degree holder graduated with BSc in Finance and a BA in Economics from California State University before proceeding with an MBA from the same university. She started her career in Malaysia Airlines as Market Planning Analyst in Corporate Planning Division in 1986 after a brief stint at a local bank.
Correction : Her father; was Dato’ Ali Ahmad; the late Minister of Agriculture that perished on that ill-fated hijacked plane in Tanjung Kupang, Johor, Malaysia on December 4th; 1977. (Thank you to our readers for correction)
Do we remember Danny Rashdan? The former MAS deputy CEO who was asked to resign after he illegally upgraded his nanny to MAS first class cabin; has a cousin-sister i.e. Hayati Dato’ Ali; still working for Malaysia Airlines.
Miss Hayati Dato Ali has been a circulated object serving as Executive Vice President for MAS In-flight Service since September 2006 and was removed from In-flight Service to Airport Operation in 2011 where she previously had served before as Assistant General Manager of Airport Operation for MAS.
Our reliable sources affirmed after Danny Rashdan tendered his resignation; Hayati Dato Ali pursued her appeal to Ahmad Jauhari to get transferred back to MAS In-flight Service where she could carry on what’s left designed by Danny Rashdan; which is to reduce manpower in Cabin Crew by means of forcing the senior staff to voluntarily resign under extreme pressure.
During her short stint with MAS Airport Operation; she had introduced ‘OUTSOURCING’ as way out supposedly for cost efficiency but ended with double costing for Malaysia Airlines. She had caused MAS Airport Operation incurred higher cost with inconsistency services where massive delays in delivery were the end of her career with MAS Airport Operation.
Knowing Hayati Dato Ali has defective leadership skills; Ahmad Jauhari the clueless MAS CEO went ahead approving her running MAS In-flight Service division only with “this time” she is mission-ed to depress and contaminate the entire MAS division.
MAS in-flight services have been the main attraction for frequent travelers of Malaysia Airlines. By contaminating the main services; it would destroy the entire company where-thence a prescribed alternative will be to OUTSOURCE the entire In-flight division gradually which is already in process with one of the vendors designing MAS Cabin Crew’s roster is India-based company owned by Tony Fernandez.
Miss Hayati Dato Ali is famously known for her intoxicating conversation – an orthodox idiotic streak. She has the quality of being down straight idiotic, very intellectually challenged chosen as the representative of the middle management for Malaysia Airlines by Ahmad Jauhari – The Greatest Con-artist.
Her recent decision for reviewing all contracts with MAS long-term suppliers has cause an internal upheaval boycotting in beverages supply for both MAS First and Business Classes. It looks like this could be the latest inclination from Miss Hayati Dato Ali that is to sabotaging MAS loyalty program via the shortchange for the In-flight service that MAS is well renowned for.
Either Miss Hayati is planning to sabotage Malaysia Airlines or she is down straight intellectually challenged.
Our readers have informed Malaysiaairlinesfamilies that MAS loyal travelers were amazed when being served with those beverages ordered for Economy class. We are informed there were no supply of higher grade wines for first and business class travelers routing to Australia and Europe. If this is true; we ask for MAS TOP MANAGEMENT to end this immediately before all loyal travelers cease their memberships with Enrich Loyalty Program.
Hmm..is this what Malaysia Airlines made of with such a quality management for an Executive Vice President? Or could this be one of the destructive plans driving away MAS loyal travelers?
The Oneworld strategic planning for its alliance is QUALITY TRAVELING EXPERIENCE and there you go Malaysia Airlines with the dumbness running to reducing the quality in-flight service for it; we doubt the alliance with Oneworld would be of LONG-TERM planned.
From our gathering sources, Hayati Dato Ali has two daughters whom she intends to recruit into Malaysia Airlines to carry on her legacy contaminating the entire division.
We hope Malaysia Airlines will be stringent in screening cronyism and nepotism from being carried on to the next MAS generation.
We appeal to our readers to come forward with more internal true stories exposing the intellectually challenging middle management of Malaysia Airlines.
On our next episode we would expose Miss Hayati Dato Ali’s cronies from the opposition party and their failure in coordinating MAS In-flight Service division. Get ready to unveil more of Hayati’s impaired coordination / sabotage inside Malaysia Airlines.
Stay tuned to Malaysiaairlinesfamilies for best insight true stories!
A story about the BUDGET CEO – Tony Fernadez goes to a Budget Pub…
“Spare a thought for Uncle Tony Fernandez, 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 RM1 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. Now Everyone Can Drink!”
“That is admirable and your drink a remarkable value”, Uncle Tony comments, smiling delightedly.
“I see you don’t seem to have a glass, so you’ll probably need one of ours. That will beRM3 please.”
Uncle Tony scowled, but paid up. He took his drink and walked towards a seat.
“Ah, you want to sit down?” asked the barman. “That’ll be an extra RM2. 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. Could you sit in this one please?”
Uncle Tony attempts to sit down but the seat is also too small and when he can’t squeeze in he grumpily complains “Nobody would fit in that little seat!”
“I’m afraid if you can’t fit in the seats we have you’ll have to pay an extra surcharge of RM4 to sit in one of our adjustable luxury hotseats, Sir.”
Tony swore under his breath, 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 RM3.”
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 RM2 please.”
Uncle T’s face was red with rage.
“Do you know who I am?”
“Of course I do. You are Mr Fernandes.”
“I’ve had enough. What sort of hotel and bar is this? I come in for a quiet drink and you treat me like this. I insist on speaking to your manager!”
“Here is his e-mail 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 our Hotel Tunes Talk. Using any other mobile carriers would incur our normal charges of 30 sen per second.
“That’s preposterous! It’s impossible to even complain like this! I will never use this bar again.”
“OK Uncle, it’s up to you. You are free to use or not to use this bar. But remember, we are the only bar in Asia selling pints for RM1. Now Everyone Can Drink”.
Now here is the story of Tony Fernandez cheats his potential investors published in our next Episode – Stay tuned for exciting news and secret recipe of Tony Fernandez’s success in his scams saving his little AirAsia from bankruptcy status.
In early 2011, AirAsia’s Tony Fernandes was waiting to meet officials in the civil aviation ministry in New Delhi for talks on starting flights to India from Kuala Lumpur. On the wall of the room he was waiting in was a poster of J.R.D. Tata, founder of Air India. He says he sent a text to Tata group chief Ratan Tata: “This is a sign, let’s do it.” Fernandes had met J.R.D. Tata’s successor as Tata group chief at a Formula 1 race in 2005.
Fernandes recalled, in a phone interview from London, the events that led up to Wednesday’s announcement about the joint venture plan with the Tata group and Telestra Tradeplace Pvt. Ltd. Edited excerpts:
What was Ratan Tata’s reply to the text message?
He was very keen about it. He knew AirAsia, he saw what we had done in the market. He obviously had a passion for aviation and all the stars aligned at the right time.
Both partners have a sporting background also. I met Mr Tata through the Formula 1 business. When Tata was a sponsor, Narain and I made contact with Mr Tata (Tata group sponsored race driver Narain Karthikeyan for F1 in 2005). When the Indian government started liberalizing, I talked to him straight away. I said, look it’s time we look at this and I can’t think of anyone else I would like to do this with. That was six months back.
In the last six months since the government opened up foreign direct investment (in India’s airlines by overseas carriers), you made several trips to India and tweeted about your excitement regarding the Indian market. How did those trips go?
All the times I have come to India, I was kind of teasing a bit because at all times you were in discussion on this. And the driver (he hired in India) made the biggest impact on me.
This man took 40 hours to get from Madras to Delhi in a train and we were talking about fares (as he drove him around for meetings in Delhi) and how much he would pay to fly and that gave me the confidence to change many people’s lives in India and really create a product which could really be low-cost and make an impact.
Did you meet Ratan Tata at Bombay House?
I have met him in various places and yes Bombay House is one of them.
But yes, when I finally presented it to the Tata Sons board, it was in Bombay House. It was about two months ago.
There’s some speculation that since L.N. Mittal’s family is connected to the Bhatias of Telestra, the deal was sealed when you were at the World Economic Forum meetings in Davos.
No. It was sealed before. It was a pure sporting deal. Its QPR (Queens Park Rangers, the UK football club that Fernandes owns) on one side Caterham (British sportscar maker and F1 team owned by Fernandes) on the other side. Both were the links to my partners in India. (Arun Bhatia’s son Amit Bhatia is the son-in-law of ArcelorMittal’s L.N. Mittal and serves on the board of directors at QPR club alongside Fernandes.)
And you are not buying Kingfisher?
No. My whole life has been about organic growth. Never say never, but we have generally grown organically because of cultural reasons etc. So, Kingfisher definitely not, I mean (it’s) too far down the wire, I think.
How has the reaction to the announcement been?
We have got an amazing response. The Indians are very excited about it. It’s something I am very proud of, it’s something that’s been long in the making. Obviously, I am of Indian origin so it makes it that much more special. My father, Stephen Fernandes, was an Indian from Goa and mother Ena Fernandes was a Malaysian from south India. I think we couldn’t have found better partners, which is the most exciting thing of this venture. To partner with the Tatas and to partner with the Bhatia family is something very special, I think. We have studied this market for a long, long time so this is not something we have jumped into and I feel we can produce a product at the right cost structure which will then give the right fare to really stimulate the Indian market and create some real economic growth in the Indian market.
When is AirAsia India likely to start services?
I think it depends on all the approvals but I hope sometime this year.
What’s the vision that you and the Tata group have for the airline two years down the line?
I am never good at that. If you would ask me a few years ago, when I started AirAsia, we had all these planes, we just ploughed on. But vision? Take India, one step at a time. It’s important. India is too big a country to try and do everything. We will take India one step at a time. We will do region by region. Our main vision is a lot of new routes, a lot of connectivity that’s not been done before.
That’s only flights within India?
Yes only within India. We are not allowed (to fly on international routes) until the laws are changed, so we will be only focused on domestic. (Indian rules require an airline to complete five years of domestic operations before starting overseas flights.
Will AirAsia India have only Airbus A320s or ATRs also?
No ATRs. Only A320.
So it will be a pure-play, low-fare airline?
Yes, it would be.
Stay tuned for more updates from malaysiaairlinesfamilies who were once the victim of Tony Fernandez and airasiafamilies who are the worst paid workers in Malaysia, Thailand, Indonesia and Philippines. In AirAsia, the workers are far treated like peasants doing all dirty cleaning for Tony Fernandez for free. Read here on how Air Asia treated its workers.
By JASON NG And SANTANU CHOUDHURY from Wall Street Journal
More than 80 years after former Tata Group head J.R.D. Tata piloted the first scheduled flight in India, the conglomerate is seeking to re-enter the sector by investing in a low-cost airline.
AirAsia Bhd, the largest discount carrier in Southeast Asia by fleet size, said Wednesday it has signed an initial agreement with Tata Sons Ltd. and another Indian investor, Arun Bhatia of Telestra Tradeplace Pvt. Ltd., to establish a budget airline in India.
Overcrowding Clouds Indian Aviation
The proposed partnership comes after a September decision by the Indian government to open the aviation sector to direct investment of up to 49% from foreign carriers.
AirAsia said the three parties have applied to India’s Foreign Investment Promotion Board–the government agency that clears foreign investments–for the Malaysian carrier to hold 49% of the proposed Indian joint venture company. Tata Sons will have a 30% stake, with Mr. Bhatia holding the remaining 21%. AirAsia plans to hold the stake via its investment arm AirAsia Investment Ltd.
If the government gives its approval, the proposed joint venture will seek an operational license from India’s aviation authorities.
Officials at the Foreign Investment Promotion Board didn’t respond to phone calls.
The venture plans to operate from the south Indian city of Chennai and proposes to link smaller cities to the metropolis.
“We have carefully evaluated developments in India over the last few years and strongly believe that the current environment is perfect to introduce AirAsia’s low fares, which stimulate travel and grow the market,” said Tony Fernandes, AirAsia’s founder and group chief executive.
AirAsia has a fleet of 118 planes with more than 350 on order. The company said it “believes Indian aviation has enormous long-term growth potential and is expected to produce tremendous upside for first movers.”
The establishment of an airline will herald the culmination of years of efforts by the Tata Group to re-enter the aviation business–primarily due to its cherished lineage in the sector.
J.R.D. Tata–who founded India’s now-state-run carrier Air India–is considered the father of civil aviation in India. On Oct. 15, 1932, he flew a single-engine Puss Moth aircraft manufactured by the erstwhile de Havilland Engine Co. of the U.K. from Drigh road airport in Karachi, Pakistan, on his flight to Mumbai via Ahmedabad.
The Indian government nationalized Air India in August 1953 and appointed Mr. Tata its first chairman.
The group’s recently retired chairman, Ratan Tata, is also a qualified pilot and flies both planes and helicopters.
In a 2011 interview with The Wall Street Journal, Mr. Ratan Tata said one of his first goals would be to get the group back into the airline business. He is now the group’s chairman emeritus.
The group with businesses ranging from salt to software had planned a venture with Singapore Airlines C6L.SG -0.27% . But, Mr. Ratan Tata said during the interview that aviation ministry bureaucrats held up his application for several years despite his constant prodding. In 1998, he withdrew the application after seven years of waiting.
The group’s plan to re-enter the business comes at a time when most local airlines are making losses, hurt by high fuel costs and airport charges as well as inadequate infrastructure.
The AirAsia announcement is the second investment proposal in India’s aviation sector after the government in September allowed foreign carriers to hold stakes in local airlines. India allowed such investments following lobbying by local carriers, which argued the entry of foreign airlines would allow them to raise much-needed cash.
Jet Airways (India) Ltd., one of the country’s largest carriers, and Abu Dhabi-based Etihad Airways have said that they are in talks for a potential alliance. Etihad plans to buy a 24% stake in Jet for about $300 million, people close to the talks had said recently.
Analysts say for foreign airlines like AirAsia and Etihad, the attraction of India is its large population and the increasing number of Indians living abroad.
The Indian domestic market for air travel is witnessing a downturn this year as airlines have raised fares to offset higher costs, amid a slowing economy. Local air passenger traffic declined 2.9% during January to November 2012–the most recent period for which comparable numbers are available–to 53.41 million, according to government data.
AirAsia currently operates flights from Thailand and Malaysia to five cities in India, including to Chennai.
The proposed low-cost airline will likely be competing with existing budget as well as full-service carriers in India such as InterGlobe Aviation Ltd.’s IndiGo, SpiceJet Ltd. 500285.BY -2.25% and Jet Airways.
Tata Sons, which controls the Tata Group, said it will only be an investor in the joint venture. “The airline will be managed by AirAsia, and Tata Sons will not have any operating role,” a company executive said in a statement.
Explaining the reason for the Mumbai-based group to partner AirAsia, the executive said: “When AirAsia approached Tata Sons with the proposal for a stake in the venture, Tata Sons concluded that given its reputed business model, AirAsia could be a relevant and successful service provider in the domestic sector.”
The executive said the Indian aviation market will grow further with the entry of AirAsia, and will lead to creation of new jobs.
Telestra Tradeplace said it would be purely a financial investor and wouldn’t have any representation on the proposed venture’s board.
It said its participation was due to the Bhatia family’s close relationship with Mr. Fernandes, the AirAsia founder who serves on the board of London-based football club Queen’s Park Rangers alongside Mr. Bhatia’s son, Amit Bhatia.
—Rajesh Roy in New Delhi contributed to this article.
Write to Jason Ng at firstname.lastname@example.org and Santanu Choudhury at email@example.com
In Malaysia, we all know Air Asia has difficulty in its financial capacity and seeking out a victim to inherit its debts. It looks like TATA group is not that strong after many turbulence of hijacking and sabotaging upon its administration. These collaboration will inherit all Air Asia’s debts and it will end with bitter court fight between TATA group, Arun Bhatia group and Tony Fernandez. In one way or another; the Indian society is not a big fool.
However, our advice to TATA group still – be wary of poisonous snake bites from Tony Fernandez where TATA group and Arun Bhatia may end up inheriting all debts incur by Tony Fernandez – Air Asia.
Stay tuned to malaysiaairlinesfamilies as we are about to expose Tony Fernandez’s gimmicks in Indian aviation industry to save its Air Asia that is about to go bankrupt in Malaysia.
The industry view on the National Carrier – The Malaysia Airlines conclusively recommended the investment funds holding Air Asia to switch into Malaysia Airlines (MAS). On a risk-adjusted reward trade, a well-known researcher Morgan & Stanley see limited downside for MAS at the current price. Net cash accounts for more than 70% of market capitalization, and Morgan & Stanley believe the MAS share price could double if the carrier achieves its internal net profit target of RM0.7-1.0 billion for this year. In contrast, Morgan & Stanley (M&S) think Air Asia’s share price could see further downward pressure if oil prices and funding costs stay high.
Where M&S Differ:
While many like Air Asia’s low-cost business model, we think MAS has restructured its operation to be extremely competitive with Air Asia, and the carrier now has much better fundamental operating prospects than Air Asia does. The market appears to believe Air Asia will continue to take market share from MAS.
Malaysiaairlinesfamilies; however, believe drastic changes may affect Air Asia market share from MAS when Malindo Airways took off in March 2013. Many Malaysians are waiting in line to fly with Malindo Airways.
Why Morgan & Stanley Researchers Like MAS over Air Asia:
Disciplined growth strategy;
Sharply improving operating and pretax margin trend;
Prudent fuel hedging strategy;
Strong balance sheet and negative gearing; and
Attractive relative valuation.
Divergence in Relative Valuation: If we subtract net cash from MAS’ market capitalization, its franchise value is less than 1.0x EBITDA. In contrast, EV/EBITDA for Air Asia at 11.5x is expensive, given the inherent risks of potential fuel-hedging derivative contract losses and higher funding costs to finance capital expenditures for the next five years.
“Buy MAS, Sell Air Asia”
Brief notes about Morgan & Stanley:
Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of Morgan Stanley Research. Investors should consider Morgan Stanley Research as only a single factor in making their investment decision.
For analyst certification and other important disclosures, refer to the Disclosure Section, located at the end of this report.
+= Analysts employed by non-US affiliates are not registered pursuant to NASD/NYSE rules
The rating of MAS & Air Asia by Morgan Stanley in April 2008
MAS (RM3.60) is rated Overweight (RM7.00 price target) above;
While Air Asia (RM1.38) is rated Underweight (RM1.20 price target) below
Investment Case – Summary and Conclusions by Morgan & Stanley
In our initiation report on Air Asia, First-Mover Advantage in High-Growth Industry (30 June 2005), we provided a comparative analysis between Air Asia and Malaysia Airlines (MAS) on the domestic operation. Our conclusion was that even though Air Asia network capacity size is about 15% smaller than MAS’, Air Asia has significantly lower unit costs that more than offset its low unit yield when compared with MAS. The net impact was a wide divergence in operating profit: Air Asia recorded an operating margin of 20% while MAS reported a negative operating margin of 21% for the nine months ranging from July 2004 through March 2005.
Prior to MAS’ corporate restructuring exercise in 2006, Air Asia had little competition, and we believe the vastly inefficient and poorly capitalized MAS has made it easy for Air Asia to gain domestic and regional market share at the expense of MAS. We think the picture between the two carriers has changed dramatically since then, and MAS’ fortunes now appear to be rising at Air Asia’s expense. Our preferred aviation play in Malaysia is MAS, and we rate the stock Overweight with price target of RM7.00. We rate Air Asia Underweight and see fair value at RM1.20.
MAS versus Air Asia: Changing Fortunes
We highlight five reasons why we prefer MAS over Air Asia for the Malaysian aviation market.
I. Revenue Growth Strategy
For the past three years (2005-2007), Air Asia grew at an exceptional rate with RPK doubling to 9.86 billion and operating revenue rising 141% to RM1.6 billion at the end of June 2007. In contrast, RPK for Malaysia Airlines fell by 13% to 36.8 billion, but operating revenue rose 22% to RM14.9 billion at end of December 2007. In 2005, the domestic operation was part of the MAS network, but following a major corporate restructuring, the domestic operation was downsized. A significant portion of the domestic routes was transferred to Air Asia in 2006 as part of the government aviation policy of increasing competition. The growth comparison is also affected by the fiscal year changes – MAS changed its fiscal year to December from March in 2005, and Air Asia changed its fiscal year to December from June in 2007. Since we used an annualized 12-month period for our analysis, we think the fiscal year change should not affect the magnitude and direction of our analysis.
We think it is interesting to highlight that MAS was growing operating revenues by enhancing yield (indirectly higher fares) and other revenue sources, particularly cargo, while Air Asia grew its operating revenues sheer by an increase in passenger volume to gain market share.
MAS is expected to continue its steadily growth and path of growing RPK by 15% and operating revenues by 19%.
Malaysiaairlinesfamilies think MAS growth trend has got higher after the carrier took new delivery of its new A380 aircraft.
Of course, Air Asia or Group Tune Air would be recommending Air Asia to buy Tony Fernandez’s pipeline order of A380 aircraft to penetrate into Los Angeles routes competing painfully with MAS. That is what Tony Fernandez is all about in the aviation industry. All he cares is to KILL Malaysia Airlines just to save his stupid LOW CASTE Air Asia.
II. Operating and Pretax Margin Trends Over the 1995-97 period
MAS’ operating margin swung from a loss of 13.7% in F2005 to a profit of 3.0% in F2007. Air Asia’s operating margin declined from 14.1% in F2005 to 12.0% in F2007. The trend was similar for pretax margin. Air Asia’s declined to 17.3% in F2007 from 18.8% in F2005. The swing was more spectacular for MAS, rising from a loss of 13.3% in F2005 to a profit of 5.9% in F2007. A disciplined revenue growth strategy and tight control on operating costs led to the big earnings turnaround in MAS’ operation, and the operating margin gap between the two airlines has narrowed significantly since 2005.
The sharp divergence in operating and pretax margin performance between the two carriers should become more evident in the next two years. We expect Air Asia’s operating margin to rise to 19.4% in F2009 from 12.0% in F2007 but look for the pretax margin to drop further to 9.5% in F2009 from 17.3% in F2007. In contrast, we expect MAS to see an improvement in operating margin to 5.2% in F2009 from 3.0% in F2007 and anticipate a higher pretax margin of 6.4% versus 5.9%. While Air Asia will likely see pretax margin pressure from high net interest expense, MAS should benefit from net interest income primarily due to its huge net cash position.
III. Fuel Hedging Policy
We see a sharp contrast in fuel hedging strategies between the two airlines. MAS has adopted a conservative fuel hedging policy whereby it benchmarks its fuel hedging ratio against the average hedged ratio of its regional airline peers. The underlying fuel hedging philosophy is that MAS management does not want its airline operating performance to be significantly affected by volatile oil prices when compared to the other Asian airlines. In contrast, Air Asia takes directional bets on its oil position as part of its fuel hedging policy. In late 2007, Air Asia management sold call options at US$82.60/bbl for 150,000 barrels per month, and the call options will be triggered if WTI crude price averages US$90/bbl for the month. The premium from the call options was used to cover the insurance premium for buying puts at US$69/bbl and selling puts at US$55/bbl for 150,000 barrels per month.
While Air Asia management has effectively closed its directional oil position bet for 2008 by buying and selling more call/put options to neutralize the original fuel hedging contract position, the carrier still has directional bet for January 2009 to June 2010 call option position. If WTI oil prices stay above US$90/bbl during January 2009 and June 2010; the losses for Air Asia are likely to mount between the spot price and US$82.60/bbl. If oil prices trade substantially higher in the current environment due to the weak US$, we see an increasing risk that the derivative loss could be substantial, affecting both the operating and financial position of Air Asia.
Malaysiaairlinesfamilies believe the above is the cause of Air Asia being not sustainable as compared to Malaysia Airlines – the oil prices trade has increased the risk affecting both the operating and financial position of Air Asia which is why Air Asia needed desperately to cheat its customers and swindled the stupid fool in Khazanah – The Men-In-RED who holds the title with Stupid Fool (SF) Azman Mokhtar.
References can be found here;
MAS, however, does not have derivative exposure risk on its oil position. In F2008, the carrier has hedged 43% of its fuel requirement at the WTI crude oil price of US$89/bbl and another 13% at US$95/bbl for its fuel requirement in F2009.
IV. Financial Leverage
At the end of December 2007, net debt-to-equity for Air Asia was 158% (in June 2007, the gearing was 170%), whereas MAS had a net cash position. In F2009, we expect Air Asia’s leverage to rise to 227% as the carrier raises new borrowings to finance the aircraft acquisition.
However, we think shareholders’ equity for Air Asia is inflated with deferred income tax credits and the deferred losses from associates, and if we adjust the shareholders’ equity, the underlying net debt-to-equity for the carrier rises to 372%.
Despite the huge capital expenditure for the new aircraft order — MAS recently ordered 55 B737-800 aircraft for US$4.2 billion with 35 firm and 20 option – we forecast the carrier will still be in a net cash position in F2009, as the bulk of the capital expenditure will be incurred from F2010 onwards.
We believe MAS will raise debt capital in either 2009 or 2010 when capital market conditions are likely to be much improved from the tight liquidity credit crisis where funding costs have increased due to the rising credit default swap risks in the past months.
In contrast, Air Asia will have to raise RM2-3 billion a year for the next five years, and we estimate the carrier will need to raise RM2.8 billion for F2008.
Malaysiaairlinesfamilies saw as analyzed by Morgan & Stanley in 2008 where Air Asia needed to raise a minimum of RM2.8 revenue annually supposedly since F2008 to rescue Air Asia from Act 360 (Bankruptcy Act 1967); however it did not go well as expected due to fuel prices hiked unexpectedly where Air Asia in fact had declared losses consistently for two year from F2007 to F2008. The collaboration with MAS orchestrated by Air Asia was to have MAS profits siphoned out to save Air Asia which led MAS to declare for the first time in Malaysia industry; a mass record of RM2.52 billion loss.
All Air Asia and Group Tune Air board of directors had to have a backup plan saving Air Asia with reason to save themselves from conviction for Air Asia’s Bankruptcy incurring debt without reasonable ground of expectation of paying it.
Morgan & Stanley however think they favor MAS over Air Asia for 5 of the core reasons that included;
V. Relative Valuation
Perhaps the most important difference between the two carriers is the contrasting relative valuation. On franchise value, measured in EV/EBITDA, MAS trades at less than 1.0x compared with 11.5x for Air Asia. More interestingly, MAS’ net cash at RM4.4 billion at end of F2007 comprises about 73% of its current market capitalization of RM6.0 billion, which implies that the current franchise value is less than 1.0x its EBITDA (or cash flow).
Note – EV/EBITDA simply put by providing a simple, though incomplete, ratio of profit to value, EBITDA/EV is often used to estimate the cash return on an investment.
Morgan & Stanley is an international researcher for trading market etc. Even they understood Air Asia’s earnings are boosted by deferred income tax credit and contributed to an artificial strong balance sheet that again boosted by Tony Fernandez.
The public is not a fool and cannot be fooled; not for too long
Below is reply from Air Asia customers to Tony Fernandez above statement
The next remedy for saving Air Asia would be to conquer the Malaysia Aviation Industry by controlling the workers of the main Airlines in Malaysia i.e. Malaysia Airlines; Firefly; Air Asia and Malindo Airways.
Consequently the existence of the National Union for these airlines would save Air Asia but would kill the workers of Malaysia Airlines; Firefly and Malindo Airways. How could it happen? Stay tuned for our next episode.
Cheers from Malaysiaairlinesfamilies!
Finally Tony Fernandez has decided to let the cat out of the bag; openly sponsoring NUFAM & NUFEM- Part II
The future of Malaysia Airlines’ workers is staggering with the National Union for different categories presently being formed by the corrupted Ministers of Human Resources which is; to divide and rule the workers inside Malaysia Airlines ceasing the workers’ rights easily and effectively.
The respect for workers’ rights have never been part and parcel for MAS Human Resource Director – Zahrah Zaid; whose work is to suppress all unions in the corporate company. Before joining Danone Biscuit Company; Zahrah Zaid was from the British American Tobacco corporate company.
Today, British American Tobacco successfully celebrating its 100 years anniversary (thanked GOD) without Zahrah Zaid.
Zahrah Zaid moved on from British American Tobacco (BAT) to finally Danone Group; first at its Malaysia operations before moving on to a larger Asia Pacific-based role where she was appointed as the Director, Learning & Development Asia-Pacific at Danone Asia Pte Ltd.
Zahrah Zaid then took on the position of Executive Vice-President of Human Capital, Malaysia Airlines, effective from 8 February 2012 and promoted to Director of Human Resources Department with a monthly salary of more than a hundred thousands of ringgit increased from her previous monthly salary scale of RM40,000.
She was the asshole promoting herself to the Director of Human Resources taking the exemplary practice from her last appointment as the Director for Danone Asia Pte Ltd by introducing “The Directorship” for Malaysia Airlines. She is the cause to Malaysia Airlines hiking up the salary and wages for MAS ineffective yet most inefficient top management in the entire country of Malaysia.
Getting the salary hiked up was for setting up her early retirement scheme where she would not be able to contribute her failures to any other corporate companies in Malaysia and within Asia-Pacific.
Zahrah holds an MBA and a Bachelor of Science degree from the University of Bridgeport, Connecticut, USA and she also has a degree in Union Busting.
Zahrah Zaid possesses a special union busting skills in dividing the unions and associations for a corporate company and finally conquering and ruling the unions and associations the way she wanted it. For Zahrah Zaid, top management must be well-paid but the bottom level must be terminated for the loss of productivity among those who have high medical leave whilst she allows herself to be on high medical leave program citing health condition.
Seemingly Zahrah Zaid is unfair towards the lower grades of workers. Lower grades workers are covered and protected by MASEU and MAS Unions; therefore the need to eliminate MASEU and MAS Unions by Zahrah Zaid is momentous but significant.
Whilst she was still with British American Tobacco corporate level; she proposed the divide and conquer strategy to weaken the unions’ platform by deploying the yellow group to attack the unions that representing the corporate workers where she successfully terminated a few thousands of workers for British American Tobacco.
Her 20-year career in Human Resource spans across Asia-Pacific and Europe. Starting as a management trainee in Sime Darby in 1989, Zahrah worked in Sime Darby Group until 1995 where she met with MAS Human Resource Senior Manager Muhammad Fauzi Mahayudin who also previously worked for Sime Darby Group.
Together MAS Human Resource Director Zahrah Zaid and Senior Manager Muhammad Fauzi Mahayudin signed “The Agreement Letter” with NUFAM President Mr. Lipas man for conducting an election to find out how many MAS Cabin Crew are members of NUFAM.
The signed agreement above is to determine the numbers of MAS Cabin Crew that has joined NUFAM since its inception on 27th January 2012 during the share swap between MAS & Air Asia collaboration framework. Unfortunately, knowing Mr. Lipas man is the twister and the tornado; over a night he start pressuring MAS Cabin Crew who are not even members of NUFAM to vote as a member of NUFAM citing the requirement is set by the deputy Minister of Human Resources with cougar face – Maznah Mazlan who has close relationships with Tony Fernandez.
Cited by Mr. Lipas man that all MAS Cabin Crew must vote as NUFAM members; thus cheating the process to sustain NUFAM entity.
Whilst NUFAM is misleading MAS Cabin Crew of its election via the NO SECRET BALLOT PAPER as appended below as in evidence; NUFAM Union Executive Councils a.k.a. “The Sauna Expert” went on rampage promoting her Culture of Deception directing MAS Cabin Crew mostly are her friends and colleagues to vote as members of NUFAM even though they are not the member of NUFAM.
See below who’s cheating???
Now everybody can learn how to cheat from Sauna Expert – NUFAM
This is an initial stage dividing and ruling MAS workers on the grounds of workers’ rights benefiting the corporate level and that the pressure received from deputy Minister – Maznah Mazlan (who is known very closely linked to Tony Fernandez) to get NUFAM recognized by MAS by hook or by crook even including cheating votes from MAS Cabin Crew.
In Malaysia Airlines; Zahrah Zaid deploys NUFAM manipulating the platform to disrupt the in-house union by employing backstabbing and poisoning strategy to increase the disharmonious working atmosphere for the workers. This is fighting fire with the fire – a crafty way out to resolve internal issues. By this deployment; Zahrah Zaid would have a solid fact to present the evidence of what the workers want – the lower terms and conditions with short-term employment opportunity. We shall have our full-investigation revealed on our next posting on NUFAM brewing plans for MAS Cabin Crew – Part II.
Whilst MASEU is the strongest union in Malaysia and MAPA being the strongest Associations protecting the Pilots of Malaysia Airlines with the remaining MAS unions that are the strongest in supporting workers’ rights; Zahrah Zaid opted to NUFAM for weakening MASEU circumventing MASEU’s existence in Malaysia Airlines.
After she successfully circumventing MASEU, MAS Unions, MAPA, MESA; she would opt for NUFEM to weaken the high demand from MAS Engineering section employing this crafty strategy (Union Busting) by manipulating some of MAS Engineering workers with false promises of promotion just like what Ahmad Jauhari and Azahari Dahlan did. Some of MAS Engineering and Technicians are in the know that Zahrah Zaid, Ahmad Jauhari and Azahari Dahlan are working for Tony Fernandez. Unfortunately, they resort to working with Ahmad Jauhari, Zahrah Zaid and Azahari Dahlan to kill 50% of MAS Engineering and Technician workers to get themselves promoted to managerial level.
Our reliable sources informing us there is also a promise of 2 months bonuses to those who supported Tony Fernandez but limited to only 7 crooks who are willing to sell off the souls of Engineering and Technician crew.
Whilst Zahrah Zaid has health issue that slowing her down and lowering her productivity for Malaysia Airlines which her health conditions now is deteriorating; MAS board of directors is unaware of her mental destructiveness coupled with high sick leave and no-brainier directorship that she now becomes most inefficiently unable to restructure the Human Resources division as directed by MAS board of directors. Instead; she diverted the restructuring into dividing the workers in Malaysia Airlines to leverage her capacity to recruit more espionage in-line from Air Asia that has been sent by Tony Fernandez. So Malaysia Airlines has got to be on ALERT when recruiting the next management for accountability, transparency and integrity approach and succession.
Zahrah Zaid’s plan for NUFAM is very short. Once NUFAM get recognized by Malaysia Airlines through Zahrah Zaid; MAS cabin crew will be the first taken to be laid-off; following by NUFEM that will boycott MAS Engineering and Technician Crew to lay off the other 50% of its total present strength.
Her other plan also includes forming another National Union or NUAOM for the Airport Operations workers to lay off another 1,400 MAS workers station in KLIA airport.
After her success in getting the locus-standi for NUFAM, NUFEM and NUFAOM, she would be promoted by Tony Fernandez as the next future CEO of Air Asia X taking over the young but senile Azran Osman who has lost all his hairs for Air Asia X.
The promises made by Tony Fernandez to Zahrah Zaid and Alzahari Dahlan is the promotional opportunity embarking with Air Asia taking over his CEO-ships. Unfortunately, that is just the promises given by Tony Fernandez and nothing stating in paper for such promotion.
The cat is out of the bag – Tony Fernandez will successfully going back into Malaysia Airlines with the help from NUFAM, NUFEM and NUFAOM; Zahrah Zaid; Azahari Dahlan; Ahmad Jauhari and the traitors from MAS Engineering group who are working for the political party.
Malaysiaairlinesfamilies is very well informed of the active members from NUFAM whom are mostly working group for the similar political party.
Stay tuned to our next posting and prepare to embrace the negative waves of Tony Fernandez’s next directive for NUFAM, NUFEM and NUFAOM with the clue now getting crystallized.
Finally Tony Fernandez has decided to let the cat out of the bag; openly sponsoring NUFAM & NUFEM- Part I
Last week marked the celebration of Malaysian brand Ambassadors at the World Economic Forum (WEF) held in DAVOS Switzerland in which it named Tony Fernandez – Air Asia “Tightwad” CEO and Michelle Yeoh – The elegant rich and famous a.k.a. The Bond Girl as Malaysian brand Ambassadors. The Malaysian Night held on Friday was the highlight of Malaysia’s participation in this year’s World Economic Forum in DAVOS.
The information on Tony Fernandez spoiling the Malaysian tourism industry cheating the public with his low caste airlines was not readily available in the city of DAVOS. Yet, the small fry has the cheek to ask the Bond Girl – Michelle Yeoh to be the next Air Asia’s Embarrassed Public Figure – AK Ambassadress.
THE wicked BEAST AND THE BEAUTY with the brain – two different world!
The Ugly Big Belly Tony and the Beautiful Michelle at the Malaysian Night in Davos
An intelligent matured woman like Michelle Yeoh is not a foolish low caste woman – definitely is not falling for Tony Fernandez’s trap smearing the reputation and goodwill of others after knowing the Caterham group is planning to strike out the low caste “Tightwad” CEO for smuggling drugs into United Kingdom and contributing more losing games damaging its premier reputation.
The cat is out of the bag – Tony Fernandez has finally exposed his own strategy to which he said he shall conquer all airlines in Asia Pacific by means of controlling all unions in the region. His collaboration with Mr. Lipas man to vanquish the Eight (8) Mas Unions and Associations piece by piece via forming two more National Unions for Malaysia Airlines before Subramaniam and Maznah Mazlan’s expiring their duty as Ministers of Human Resources .
After more than his regular few drinks, Tony Fernandez boasted about his strategy to some of the politicians and celebrities in DAVOS of his ability to conquer the Malaysian’s unions and associations and his greatest dream to control the Malaysian Government for his preparation ably in selling his abnormal large Airbus planes to Malaysia Airlines (besides Air Asia) also to Eagle Express, Firefly and the new Malindo Airways.
Tony Fernandez’s failure in his share-swap strategy with the collaborating think-tank group “BABI” – Brother Anwar Bin Ibrahim which could have allowed him in condition to save Air Asia by swallowing Malaysia Airlines’ profitable assets have re-coursed to employ the National Union’s strategy resurrecting the Militancy returned for his future coalition.
His public confession in Davos of his intimate relationship with the deputy of Minister of Human Resources – Maznah Mazlan and his close fraternity bond with MAS present CEO – Ahmad Jauhari who is still following his lead to break up the strongest workforce of Malaysia Airlines.
Ahmad Jauhari is well-known for heartlessly terminated 1000 workers during his tenure with Malakoff Corp Bhd. He also de-listed Malakoff Corp Bhd before joining MAS. Today, Malakoff Corp Bhd without Ahmad Jauhari is re-listing again.
Ahmad Jauhari says MAS is in a “deep crisis” due to lack of focus on the premium segment and its quality of product fell. Basically the attraction waned because of its pricing, an aging fleet, a stale product and it was not as fast as its rivals to adopt change. Ahmad Jauhari believes that by replicating the “playbook used by Japan Airlines (JAL) and Garuda International” to turn around MAS, there will be success.
“It is naivety at its highest order to do that. JAL’s recovery plan was based on making the Boeing 787 as the workhorse of its fleet, and slashing 16,000 employees 30% of its workforce. What is MAS prepared to do? The airline has close to 20,000 workers; will the company lay off a third of them now that it is downsizing?”
The last National Union for Malaysia Airlines was de-registered in 1979 after the wildcat strike action by a group of workers.
Whilst the opposition PARTY that yearning for Malaysia premiership is ca-hooting with the country’s number one’s enemy – The Unwanted Community residing in Singa-island next door to Malaysia; the top two MOHR is discharging their duty treacherously boycotting the country’s progressive development aiding for the militancy returned.
From another point of view; NUFAM’s President Mr. Lipas man is paid top ringgit by Tony Fernandez to execute Air Asia’s original plan dividing and conquering the workers of Malaysia Airlines from the inside. Mr. Lipas man is presently sitting his ass on a hot sizzling pan facing a possible lifetime imprisonment for the criminal activity misappropriating all union’s funds settling his gambling debts and luxury millions of ringgit lifestyle.
This revenge by Tony Fernandez against the Eight (8) MAS unions and associations for ousting him out as MAS Board of Director is becoming apparent episode by episode ever since the share-swap and collaboration between MAS and Air Asia was cancelled by the Malaysian Prime Minister.
There’s evidence of NUFAM office bearers have tendered resignation with Malaysia Airlines to work for Tony Fernandez quietly.
This con-woman a.k.a. Sauna Expert Woman works discreetly for Tony Fernandez where her main task is to direct cabin crew to cheat votes for NUFAM to win in its election. She is also the mother for fostering the Culture of Deception. A corrupted figure who calls other the corrupted mind. A reliable resource informed us (if accurately) she resigned from MAS after she was caught for having pilfered aircraft stuff and charges was not executed by Zaharah Zaid.
Whilst NUFAM is fighting for securing another voting date from Malaysia Airlines by collaborating with the department Trade Union Affairs’ officers – Roslee Sabarudin and Syahrin Said with the magical wane empowering by Maznah Mazlan ; MAS Group CEO for MAE – Azahari is funding a group of MAS Engineering Crew to oversee the new registration of another National Union for Malaysia Airlines with the backing from Zaharah Zaid.
The mother of all evils – Zaharah Zaid left Danone Factory to join Malaysia Airlines and is tasked by Tony Fernandez to penetrate into MAS strongest union and association as these stumbling blocks were the success to the unbundled of share swap between MAS and Air Asia. She is to terminate 1,800 senior cabin crew-members with the help from NUFAM’s President after which Mr. Lipas man shall make ways for Air Asia cabin crew-members whom are the right hand men working closely with Tony Fernandez shall ascend to take over NUFAM from MAS cabin crew-members in the future.
From the strongest union and association changing into a new union without any affiliation or strong muscle to protect the workers’ rights is seemingly the strategy to conquer MAS by Tony Fernandez. Tony Fernandez’s directive to Azahari – MAS Group CEO for MAE is to find ways to terminate half of MAS Engineering Crew so that Tony Fernandez can plant more of his men into MAS MAE to control the repair and overhaul services for Air Asia and the new future NUFEM for MAS Engineering Crew.
Stay tuned to Malaysiaairlinesfamilies for our next episode.
Behind NUFAM is Tony Fernandez. The evil man who instructed the stupid lipas man to organize against MAS workers burying the strong foothold for MAS cabin crew leaving them without the blanket.
NUFAM is brewing an alternative plan for Tony Fernandez to make his comeback avenging against MAS workers for having overthrown him out as MAS board of director. The evil plan designed for Mr. Lipas man is to execute via his recruited NUFAM soldiers disorganizing MAS cabin crew separating them into two group of workers as orchestrated by DON the willy old fox.
The question is how did the DON the willy old fox get involve in this organized crime? Perhaps it is just DON the hungry fox waiting in line to share a piece of the big fat pie.
DON, DON, DON, we have confirmation that your doctorate-ship is fake and was a purchased item. Isn’t that a crime to use a fake doctorate-ship certificate? Better run before the authority get into checking your background too.
For our readers information – Whilst Ahmad Jauhari is sleeping and forever in clueless state; DON become the consultant for NUFAM assisted by his right hand man – Mr. John Engkatasu. DON is seeking an alternate downgrade to become the next CEO of Malaysia Airlines forcing Ahmad Jauhari opting his early withdrawal from Malaysia Airlines. It’s all about power craziness now brewing inside MAS hottest pot.
As informed by our readers – Mr. John Engkatasu will be retiring in this year; however the DON is going to extend his retirement age to 80 years allowing him to screwing and brewing hot assess inside Malaysia Airlines.
Whilst DON is orchestrating the exit of strong foothold inside Malaysia Airlines that protect thousand of jobs for MAS workers; NUFAM on the other side is brewing poisons domestically and internationally with the advice provided by Zahrah the evil director of Human Resources. We are in the know Zahrah Zaid does not have a degree in Industrial Relation. At the time she had the interview with MAS recruitment department she simply said she has a background in Industrial Relation that fooled Malaysia Airlines management but approved personally by Tony Fernandez.
DON is the consultant whilst the ZORO Zahrah Zaid is the director for NUFAM’s every piece of action. The symphony orchestrated by NUFAM is going all out to bury the only in-house union paving ways for Tony Fernandez to crawl back slowly to MAS to save Air Asia. The training for more NUFAM combative is aggressively encouraged by Tony Fernandez with pennies compensating the time spent and the promising reward for Mr. Lipas man.
The manipulation of NUFAM election also very encouraged by both Maznah Mazlan and the paymaster. Look at this NUFAM “No-Secret” Ballot Paper.
Do we remember Mr. Lipas man is working for Tony Fernandez?
Even Tony Fernandez has left MAS as board of director – Mr. Lipas man is still very much intact communicating with him via the third-party and the sponsorship continues till this very day for NUFAM to execute Air Asia’s masterpiece plan to eat Malaysia Airlines burying it alive.
Mr. Lipas man is truly a man who screws many men’s wife and girlfriend too. However; does he also screw Maznah Mazlan for the approval of NUFAM certificate?
We are still investigating the new low-caste terms and conditions that has been laid down by Tony Fernandez for Mr. Lipas man to fool MAS cabin crew where NUFAM will change for greater heights. We have information NUFAM will metamorphose a lower package for cabin crew in Malaysia. Certain grade in Malaysia Airlines would be very happy as the budget for cabin crew would be reduced tremendously.
The initial planning for Air Asia to take over Malaysia Airlines was to sustain Air Asia’s survivability in this region. The proof of Air Asia in-sustainability rose in 2008 where the fiscal year earning dropped drastically (2 billion ringgit loss) complemented with lower revenue of less than 3 billion ringgit and higher debts of 7 billion ringgit.
Air Asia’s debt rose higher by a billion ringgit to 8 billion ringgit from 7 billion ringgit within a year’s window.
Air Asia’s cash flow badly managed since 2007. Henceforth; the only way is to have a bigger revenue corporate to bail out its bad balance sheet. During the share-swap with Malaysia Airlines in 2011; Air Asia’s cash flow suddenly increased to 2 billion ringgit whilst Malaysia Airlines declared a huge 2.52 billion ringgit loss. Air Asia subsequently has its assets increased to another 2.5 billion with its debts reduced substantially by 2 billion ringgit.
The cancellation of the share-swap demanded by MAS unions was to save Malaysia Airlines. We say well done MAS unions and the Prime Minister of Malaysia for saving Malaysia Airlines. The eminent impact on Air Asia after the share swap was cancelled by the Malaysian Prime Minister is the relocation of Air Asia’s headquarter to Indonesia for running away from paying taxes to Malaysian government.
Let’s hope Air Asia’s AOC will only be extended for another 6 months by DCA after March 2013 to prove more of Air Asia’s upcoming failure. Please stay tuned to Malaysiaairlinesfamilies for our next posting.
Air Asia is a bloody cheating low-caste airlines. The frustration by the public flyers have gone viral since Air Asia commenced Incheon flight. A reader who’s also the Air Asia’s passenger shared with us their Air Asia’s flight of horror and fright with terror experience.
Air Asia X Flight D7 from Kuala Lumpur to Incheon; Seoul were always on delayed mode of more than 10 hours. It looks pretty clear Air Asia’s planes are facing a lot of engine problems particularly Air Asia always guarantee late payment for its airplane maintenance services and its specialty nowadays includes flight delay and unworthy treatment.
Now Every Air Asia Flight is Delayed and Everyone Can be RUDE!!!
The only low-caste airlines that guarantee FLIGHT DELAY in the Asia-Pacific region.
The chronology services by Air Asia
D7 2686 scheduled to depart on 23:00 and estimated to arrive next day at Incheon International Airport at 06:00.
At 23:00 – The Captain of the flight announced a delay was due to route change that required the plane to upload more tonnes of fuel given the valid reason that no approval from ATP for clearance to fly over Taipei.
At 00:00 midnight – The Captain further announced another route required the uplifting of a bit more fuel for the plane.
At 01:00 (am) the next day whilst the plane was waiting at the runway for take-off – The Captain made another announcement that there was clearance from Taipei.
At 01:30 am – The Captain parked the plane at the terminal and at 01:50 am all passengers were required to disembark by the Captain.
At 02:30 am – After 3 hours of having stranded inside the plane; the passengers were finally allowed to disembark to the Terminal. Everyone rushed to rest room and purchased food and drinks.
At 03:30 am – Only cold croissant and cold mineral water being distributed to some of the stranded passengers.
At 04:00 am – Some Korean passengers started requesting for blankets be given to their children but Air Asia gave the excuse the plane will be taking off at 05:00 am.
At 05:00 am – New announcement by Air Asia that the plane is rescheduled for departure by 07:30 am.
At 06:00 am – Two of the passengers cancelled their Air Asia flight and left the Terminal.
At 07:00 am – Air Asia’s Manager assuring the passengers of the plane will be leaving by 07:30 am but we were still hanging loose at the terminal. A minute later another Air Asia’s Manager approached us and assured that Air Asia could extend our flight to another day but will not be compensating for our food and accommodation.
At 07:30 am – The stranded passengers had been required to board the plane.
At 08:00 am – Air Asia X’s plane pushed back but parked in the middle of nowhere with only 2 cabin crew on board. One stupid cabin crew sat in the front part of the plane and the other one sat behind the red curtain started laughing and joking.
At 08:20 am – One of the passengers got up from his seat and approached the cabin crew to find out what went wrong and why the plane is not taking off yet? The cabin crew told him there was no pilot and the other new cabin crew said they just arrived from Delhi to take over this flight. The new cabin crew said Tony Fernandez asked them to board all stranded passengers and to sit inside the plane just to show that Air Asia X is taking off shortly. The other crew member said there was no pilot in the cockpit and he had been instructed to push back the plane to the middle of the airport. Although he declined to comment further; it was very clear that Air Asia had the airplane moved without a qualified Pilot on board.
At 09:20 am – The plane finally took for Incheon – Korea.
The stranded passengers were very frustrated of the delaying tactics employed by Air Asia. The passengers were have to tolerate the rude treatment and rowdy behavior extended by Air Asia’s workers. There was a disagreement between two of the passengers which one of the stranded passengers had recorded it was then threatened and browbeaten by Air Asia’s security officer.
Air Asia X’s CEO did not make any attempt to reach out to its customers nor compensating all Air Asia’s stranded passengers for the horror flight experience and terror fright from its Security department and the ordeal those passengers suffered at the wicked hands of Air Asia.
Neither was there any official apology for the delay. We’ve found out someone in Air Asia inefficiently forgotten to ask for clearance to fly over Taipei Air Space which further delayed Air Asia’s flight.
We hope this horror flight and terror fright could be shared with your readers. Was it worthy to go through all the hassles and high stress at the price of a low-caste airfares? Our answer is all the above. A resounding NO and UNWORTHY to travel with Air Asia; NEVER EVER again.
Shall we see what is the authority doing about this especially the DCA of Malaysia? Flying license for Air Asia is expiring on March 2013 and we know very well that Tony Fernandez will be buying loads of goodies for the authority to clear Air Asia’s unaudited safety operation for the last 15 years. We won’t be surprised if the authority will extend Air Asia’s license to cheat for another 20 years on the next license renewal.
Do it right Mr. Authority or else we get to report you to the higher authority.
Stay tuned to Malaysiaairlinesfamilies and AirAsiafamilies for more unbelievable stories yet to be revealed to the public.