Can IAA and PAA fight with the local LCC?

Know how many LCC now compare to when AA just start up?

Why should I be upset when capA is green?

Already make a report to MSWG, SC and Bursa on Serba:

https://klse.i3investor.com/blogs/Sslee_blog/2024-10-08-story-h470973957-Class_action_against_Serba_Dinamik.jsp

I am talking about below:
By the way unlike many hide under user name, can you post EGM questions hiddng behind computer and not using your real name?

Question 10: BOD, In the event of a default of payables, could the Board of Directors of both Capital A and AirAsia X potentially face legal repercussions, such as charges of Wrongful or Fraudulent Trading under Section 540 and Section 539 of the Companies Act 2016?
Wrongful Trading

In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:
“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:
“If it appears… that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”
If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Sleeping on the job and still getting well paid is one of the best job one can hope for.
Kudos to TTB

switch to a320 XLR according to Tony save 15 % cost.
Know what is the seat capacity of a narrow and wide body plane?

Do you want to travel in a mini van for more than 6 hours or prefer to travel in a proper long distant bus?

Did someone read newspaper?
Najib is in jail for what?

Only the cat leno trapped high in Insas.

Aiyoyo is insas a value trap or a value share when TheContrarian can make 4X from trading Insas shares?

I can only hope that his debts disappearing trick will not ended up with capA and AAX BOD in jail.

Or can he pull out one more time of AAX debts restructure trick of paying 0.1 sen for every ringgit owed?

Know how much is net current liabilities of capA aviation?

Don't tell me you do not know what is current mean?
Or when are the payment due date of current lease liabilities, current borrowings and debentures, current trade and other payables, current maintenance and current amounts due to associates/related parties?

What can I say finally abidinaa get it right Capital A will have a fool proof business. Risk free. Recession free. Profit guaranteed. Pandemic free.

All the risk and debts will be transfered to AAX.
The queation is if AAX fail and go into PN17 again. Then what will happen to Stony and CapitalA?

War is cruel, barbarous snd inhumane, avoid at all cost.
Let's live in peace and harmony with others

British contributed the rule of law unlike the rogue USA CIA fanning the war against communist that result in genocide of million innocent Indonesia Chinese.

To fight Japenese during WWII is right but to fight British after WWII and put million of Malaysian Chinese life in danger is selfishness and inconsiderate.

So 3iii anything to thank for to KYY for sharing this articles?

To fight Japanese during WWII and then to fight British after WWII and put million of Malaysians Chinese life in danger is totally selfishness and unacceptable.

LKY is right to stop marxist communism before it can take root in Singapore society.

After 15 years (2019 - 2024), ICIVF [i Capital International Value Fund (ARSN 134 578 180)] delivered a total return of 19.11% to its shareholders (that is, 1.274% return per year).

What are the possible reasons for such poor performance of ICIVF?

Could it be one of the reason is TTB sleeping on the job?

By the way marxist communism is a fail system as it make everyone equally poor except the rulling elite.

Did he know because of geo-political Western democracy angainst China and Russia maxist communism after WWII. Western world fanning anti-communist war had result in genocide of million of innocent Indonesians Chinese?

What happen in the past is a human tragic.

RM ’000
Current year-to-date 30 Jun 2024
Corresponding year-to-date 30 Jun 2023
Net cash generated from operating activities 360,029 297,188
Net cash used in investing activities (114,828) (44,406)
Net cash generated from/(used in) financing activities (195,301) (287,106)
Effect of exchange rate changes 18 184
Cash & cash equivalents at beginning of financial period 194,204 228,344
Cash & cash equivalents at end of financial period 244,122 194,204

After paying off the borrowing jayatiasa should have more FCF to pay good dividend

Pardon my mistake the correct bonds amt:
The revenue bonds comprised US$243 million in Tranche A Bonds and US$200 million in Tranche B Bonds.

The Tranche A Bonds were issued to a group of six leading aircraft lessors to refinance outstanding lease liabilities owing as a result of the Covid-19 pandemic, whilst the new capital received from the issuance of the Tranche B Bonds to the private credit funds will be used to finance the return to service of certain aircraft which have remained grounded since the pandemic.

The Tranche A Bonds USD 200 million were issued to a group of six leading aircraft lessors to refinance outstanding lease liabilities owing as a result of the Covid-19 pandemic.

Do the Sot Sot know all AA's planes owned by lessors and even total of 362 aircraft in orderbook to be delivered in the next 12 years, 73 aircraft have already been secured financing through Sales and Leaseback (SLB) arrangements with several lessors.

And by the way Tranche B Bonds usd 243 million to the private credit funds will be used to finance the return to service of certain aircraft which have remained grounded since the pandemic.

So even the planes belong to lessors capA still need money to reactivate leases planes which have remained grounded since the pandemic and also the lease.

Know how much lease payment capitalA pay to lessors for not active grounded planes? (Just go and read the quarter report)


Posted by abidinaa > Oct 15, 2024 7:19 AM | Report Abuse
Capital* A oso very lucky because they got back the plane leased to My-Airlines with only minor damages, missing landing gears and pilot seats

When someone posted personal attack instead of facts and figures you know he already Sot Sot

Posted by abidinaa > Oct 15, 2024 7:06 AM | Report Abuse

SotSotLee is an ex My-Airlines accountant. That's why My-Airlines got QR full of craps and bunches of Elephant shits

You beleive PN17 is just an accounting issue and Stony can make it go AWAY?

Then why need revenue bonds and disposal of CapitalA aviation to sucker AAX?

If it is just an accunnting issue shouldn't CapitalA suit Bursa SC for wrongful action and billion in compensation in wrongly clasified capitalA as PN17 like what Serba trying to suit external auditor for wrongful audit and billion in compensation?


Posted by The_JQuestion > Oct 13, 2024 6:02 PM | Report Abuse

why dont u and sslee go join bursa and proof it ... if not , just accuse u can join the big 4 and make ur claims TRUE>.. if not they are as good as TRUE
tony told u its just " Accounting " issue , just like PN17 , he can make it go AWAY .... if follow ur rules , ur book , ur law , can go back to timah and padi fields wakakkaka
AA meant to fly , not grounded
Smart money always flow , guess who is benefiting MORE , Market will let u know ... no need think or talk so MUCH
the results will REVEAL shortly

Only suckers giving away their money freely.
Stony is not a sucker that is why he only ready to invest in RCUIDS and so is JrWarren.

Posted by JrWarren > Oct 14, 2024 2:28 PM | Report Abuse
RCUIDS carry 8% interest, I will wait till next year before repayment starts, then convert 25% every year
this will maximize my interest return and capital gain (mother share) as well

By the way why somone link MYAirline to me or capitalA?

The revenue bonds comprised US$243 million in Tranche A Bonds and US$200 million in Tranche B Bonds which are cleared through Euroclear/Clearstream.

The Tranche A Bonds were issued to a group of six leading aircraft lessors to refinance outstanding lease liabilities owing as a result of the Covid-19 pandemic, whilst the new capital received from the issuance of the Tranche B Bonds to the private credit funds will be used to finance the return to service of certain aircraft which have remained grounded since the pandemic.

Are above free money?

I do care how big Insas cash hoard is otherwise I would not had invested in Insas if not for the cash hoard.

Can some accountant enlighten us, is current liabilities mean payment in 12 to 18 years?

Did Stony answer below two questions?

As at 30/6/2024
Total current assets: RM 2,319,481,000
Total current liabilities: RM 15,798,327,000
Net current liabilities: RM 13,478,846,000

Question 1: BOD, can CapitalA generate enough cash flow to pay for all the current liabilities in the next 12 months?

Question 2: If the answer is NO, then how is Capital A/AAX going to avoid payment default especially on trade and other payables, aircraft maintenance, amount due to associate and related parties, borrowings, current portion of long term debentures and lease liabilities?

As at 30/6/2024
RM’000
CURRENT LIABILITIES
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Sales in advance: 2,041,289
Amounts due to associates: 21,297
Amounts due to related parties: 502,283
Borrowings: 809,799
Current portion of long term debentures: 191,518
Lease liabilities: 5,510,697
Derivative financial instruments: 24
Provision of taxation: 45,264

No need to fight it out for who is to be the Top Sucker.
The winner will be the one come out with RM 1 billion for AAX PP.

Posted by Balian de Ibelin > Oct 14, 2024 11:06 AM | Report Abuse
Besides the usual there is a sucker born every second.

From these countless suckers' postings here, you can see that many suckers actually fight it out to be the Top Sucker

Goodwill is subject to annual impairment test. This requires as estimation of the value-in-use and fair value less costs of disposal of the cash-generating units to which the goodwill is allocated. Estimating the value-in-use amount requires the Group to make as estimate of the expected future cash flows from the CGU and also to choose a suitable discount rate in order to calculate the present value of those cash flows. When fair value less costs of disposal calculation is used, management estimate the expected selling price of the assets or cash generating unit less its estimated cost to sell. The objective evidence during our course of audit indicating the recoverable amount is less than the carrying amount of the goodwill, impairment loss is recognised in the P&L. According to MFRS136.124, An impairment loss recognised for goodwill shall not be reversed in a subsequent period

As set out in Section 11.3, Part A of this Circular, our Group will have a pro forma NA as at 31 December 2023 of RM574.97 million and total borrowings, debentures and lease liabilities as at 31 December 2023 of RM 24,492.69 million (gearing ratio of 42.60 times) upon completion of the Proposed Acquisitions.

The NA is positive RM 574.97 million because of the goodwill and intangible assets upon completion of the Proposed Acquisitions are RM10,090.74 million and RM2,430.84 million respectively.

If after one year the external auditor will to impair the goodwill and intangible assets most likely the NA will be negative and AAX will fall into PN17 again.

I can't access to Malaysia live streaming from Indonesia telecom.
But no worries will read the EGM minutes.

The last time CapitalA did a cash call RI is RCUIDS with free warrants.
RCUIDS is debt and not equity.
So did Stony promise to convert his RCUIDS to capitalA shares?

If so then where did Mabel get below information on Issuance of Rights Shares?

Issuance of Rights Shares: Approval was granted for the issuance of new shares to raise additional capital

Sometime I wonder whether Mabel is a shareholder of CapitalA?

This announcement is dated 14 October 2024.

Voting Results

1. SPECIAL RESOLUTION 1
Description PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL") TO AIRASIA X BERHAD ("AAX") FOR A DISPOSAL CONSIDERATION OF RM3,000.0 MILLION TO BE SATISFIED ENTIRELY VIA THE ALLOTMENT AND ISSUANCE OF 2,307,692,307 NEW ORDINARY SHARES IN AAX AT AN ISSUE PRICE OF RM1.30 EACH ("PROPOSED AAAGL DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 516 70
No. of Shares 720,249,656 172,535
% of Voted Shares 99.9761 0.0239
Result Accepted

2. SPECIAL RESOLUTION 2
Description PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD ("AAB") TO AIRASIA X BERHAD ("AAX") FOR A DISPOSAL CONSIDERATION OF RM3,800.0 MILLION TO BE SATISFIED ENTIRELY VIA THE ASSUMPTION BY AAX OF AN AMOUNT OF RM3,800.0 MILLION OWING BY THE COMPANY TO AAB ("PROPOSED AAB DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 518 68
No. of Shares 720,254,956 167,235
% of Voted Shares 99.9768 0.0232
Result Accepted

3. SPECIAL RESOLUTION 3
Description PROPOSED DISTRIBUTION OF 1,692,307,692 NEW ORDINARY SHARES IN AAX ("AAX SHARES") ARISING FROM THE PROPOSED AAAGL DISPOSAL ("DISTRIBUTION SHARES"), TO THE ENTITLED SHAREHOLDERS OF THE COMPANY BASED ON THEIR RESPECTIVE SHAREHOLDINGS IN THE COMPANY ON A PRO-RATA BASIS, ON AN ENTITLEMENT DATE TO BE DETERMINED BY THE BOARD AND ANNOUNCED LATER BY THE COMPANY ("ENTITLEMENT DATE"), ON WHICH THE NAMES OF ITS SHAREHOLDERS MUST APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS AS AT 5:00 P.M. ON THAT DATE IN ORDER TO BE ENTITLED TO THE PROPOSED DISTRIBUTION BY WAY OF A PROPOSED REDUCTION AND REPAYMENT OF THE COMPANY'S ISSUED SHARE CAPITAL PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED DISTRIBUTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 526 60
No. of Shares 720,267,324 155,835
% of Voted Shares 99.9784 0.0216
Result Accepted

Science at best can give you a clear cut right and wrong answer.
But in real life things are not as simple as right or wrong so be pragmatism in seeking truth from facts.

Everyone want to go to heaven but no one want to die and go to heaven because no one had come back from dead to tell heaven do exist.

So why wait for afterlife when you can build your heaven in this life?

Someone need to learn how to stand up from where he fall and not finding a sucker to dump all your problems to the sucker.

Come 16th Oct AAX EGM. I will also vote against all the resolutions.

I already vote against the 3 resolutions.
I had done my part.

Inari is associate company of insas. The holding cost of Inari is equity accounting and everytime Insas sold Inari will report big disposal gain and more cash hoard.

By the way omesti is one of the financial assets mark to market value every quarter.

Insas cash hoard is now over a billion. How to drop?

My take sooner or later HRC need to vlose shop.
Quarter end 30/9/2024 wil be another lose quarter.
How many more quarters of losses before finally close shop?

You can build peace/prosperity/haven in this world or war/suffering/hell in this world. The choice is your.

Just a thought had anyone come back from dead to tell you how haven and hell look like in the after world?

But in this world just watch the news and you can see haven (peace & prosperity) and hell (war & suffering) in this world.