Is this what you wish on us?

-Remember folks, that is only with 2 aircraft!! Happy investing & have a nice day, folks!!!


How? Like this?


http://www.youtube.com/watch?v=8kXUfwXZY4I

Please?


Some one?


Some answers?

Wowwwww, the figures above would account for 16% and 18% of AA’s FY13 revenue and EBITDAR respectively – possibly representing one of the biggest route earnings contributors.

But with Malindo Air in the picture soon, estimated a base scenario would see yields from these two routes compressing by 15 per cent and loads at 67 per cent given Malindo’s small fleet size, which would see its EBITDAR from these two routes dropping to RM185 million.

-Quote from someone.....

Do you want your loved ones "compressed" at the back of a plane? regardless of EBITDAR?

http://www.youtube.com/watch?v=8kXUfwXZY4I

Come on, team

[Sindo Siang] Suasana dalam kabin pesawat Lion Air yang tergelincir.

http://www.youtube.com/watch?v=8kXUfwXZY4I

Please. Some one? Answers?

Am I wrong?

Post removed.Why?

Lets put aside shares for a moment.


Lets put safety first.


I'm all for cheap fares. But at what price?

Will any politician gladly send their family to Indonesia on a Malindo/Lion flight?

Regardless of party?

Does anyone want their loved ones in this situation?


http://www.youtube.com/watch?v=8kXUfwXZY4I


Am I wrong to ask questions?

Am I wrong in asking these questions?

Why is everyone so quiet?

http://klse.i3investor.com/ moderators....am I wrong?

Please. If anyone thinks I'm being unreasonable.

I stand to be corrected.

I stay well away from ALL property stocks. If you like property buy

1. Plantation (West Malaysia) - Landbank play

2. REITs - Its already built. Collect rent.

3. Concrete - Only two publicly listed players (west malaysia):
Lafarge, Tasek (take your pick)

5. Steel isn't doing well. Don't ask me why. Please

So far. No insider is selling. Just adding to collection?

Maybe to prevent takeover?

They should release cash to shareholders.

This company reminds me of TSENG, except they represent more of a real company.

As I said. I hope there is a happy ending here for GP shareholders and company. But its difficult so see that under current conditions.

I am currently a customer. For how much longer, I don't know.

Please improve QoS GP.

I really don't want to switch again.

Thanks for providing a service where there is none.

And:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?company=2607&category=SH&sub_category=all&alphabetical=All

30.4.12???

1. Have you seen how many shares CEPCO has bought since then?

2. Have you noticed how many shares INCKEN has bought back since then?

3. Will have to email bursa for latest list. Will get back to you.

5. For those who can't wait:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?company=2607&category=SB&sub_category=all&alphabetical=All

Again I reiiterate

1. I have only recently been made aware of Lion Air's safety track record. So pardon the emotion.

2. Why haven't Malaysians be made aware of this by the mainstream news outlets? Haven't even read anything on Malaysiakini or other news outlets on this

3. If NADI/Airod is to partner with an airline, wouldn't it be prudent to do a background check, due dilligence first?

5. Isn't it in the interest of the Malaysian Govt to protect it citizens, by issuing licenses to reliable and safe airlines only?

4. I don't recall, SIA, Quantas, MAS, Thai, AirAsia having such a horrendous track record.

5. Lion Air is older than AiAsia. Started in 1999. Is it normal for an airline to have this many accidents? Or is it just an Indonesian thing?

6. Where is Malindo conducting its interviews? In Pelita, Kayu or Seri Melur?

Seems like i3 deleted my post with the video.

[Sindo Siang] Suasana dalam kabin pesawat Lion Air yang tergelincir.

http://www.youtube.com/watch?v=8kXUfwXZY4I

Take care guys.

Wow. 25 of my posts deleted. All the political ones. That was fast.

As at 26/01/2012 - GENESIS: 146,029,781 5.26%
As of 31/01/2012 - GENESIS: Cease as substantial Sahreholder (latest).

OH NO! They bought the hype. They're boarding a Malindo flight (CHEAP TICKETS! Free Wi-Fi!) ! Stop them before its too late!

[Sindo Siang] Suasana dalam kabin pesawat Lion Air yang tergelincir.

http://www.youtube.com/watch?v=8kXUfwXZY4I

Thailand

Lion Air faces ownership, safety issues on Thai entry bid
12-Jan-2008 Intellasia | Bangkok Post | 5:15 AM

The plan for Indonesia’s low-cost Lion Air to start operating in Thailand will come under close scrutiny by aviation authorities both in terms of ownership and safety standards. Wuthichai Singhamanee, the deputy director-general of the Department of Civil Aviation (DCA), was responding yesterday to reports that Lion Air would set up a sister carrier in the kingdom by means of a joint venture.

http://www.intellasia.net/en/wp-content/uploads/2011/03/LionAirCrash2004-300px.jpg
Rescuers search for survivors at the plane crash site. An Indonesian Lion Air plane with some 146 passengers and seven crew members aboard, skidded off a rain-slicked runway, killing 31 people and wounding some 60 others, on November 30 2004, at Adisumarno airport in the town of Solo, a tourist town in Central Java province.(Xinhua/AFP Photo)

31 killed in Indonesian plane crash (from Sydney monrning herald)
December 1, 2004 - 7:49AM
Page Tools
http://www.smh.com.au/news/World/31-killed-in-Indonesian-plane-crash/2004/12/01/1101577515548.html

http://www.smh.com.au/ffximage/2004/12/01/plane_wideweb__430x281.jpg

Mana boleh macam ini!!!!

O I remember now...

MALAYSIA BOLEH!

Not GOOD ENOUGH for Thailand.

But welcomed by Najib in Malaysia.

Why? To send VOTERS skidding after G13????

How Lah?

Safety issues in THAILAND?

2008?

http://www.intellasia.net/lion-air-faces-ownership-safety-issues-on-thai-entry-bid-75203

Thailand

Lion Air faces ownership, safety issues on Thai entry bid
12-Jan-2008 Intellasia | Bangkok Post | 5:15 AM
The plan for Indonesia’s low-cost Lion Air to start operating in Thailand will come under close scrutiny by aviation authorities both in terms of ownership and safety standards. Wuthichai Singhamanee, the deputy director-general of the Department of Civil Aviation (DCA), was responding yesterday to reports that Lion Air would set up a sister carrier in the kingdom by means of a joint venture.
Rescuers search for survivors at the plane crash site. An Indonesian Lion Air plane with some 146 passengers and seven crew members aboard, skidded off a rain-slicked runway, killing 31 people and wounding some 60 others, on November 30 2004, at Adisumarno airport in the town of Solo, a tourist town in Central Java province.(Xinhua/AFP Photo)


The deal would either be a partnership with local firms or an acquisition of a Thai airline.
At issue is whether PT Lion Mentari Airlines, as the privately owned airline is officially known, would use nominees to avoid the foreign shareholding restrictions imposed on airlines operating in Thailand.

The DCA does not want the controversial nominee issue to re-emerge after budget carrier Thai AirAsia was plagued by the problem.

In the Thai AirAsia case, foreign ownership exceeded the 49% legal limit following the sale of a 49% stake in the telecom group Shin Corp by ousted prime minister Thaksin Shinawatra’s family to Temasek Holdings, the Singaporean government’s investment arm.

The Malaysia-based budget airline group AirAsia Bhd owned 49% of Thai AirAsia before the Shin deal was cut.

Should Lion Air apply for an airline permit, the DCA would also examine the company’s safety standards including safety records, the types of planes it intends to use, the management and aircraft maintenance books.

The scrutiny is in line with international scepticism over the safety of all Indonesian airlines following fatal crashes over the past few years.

In 2002 a Lion Air plane crashed on take-off but no one was killed, in November 2004, its McDonnell Douglas MD-82 crashed in Surakarta, killing 25 people, in December 2006, its Boeing 737-400 had a hard landing in Makassar, in October 2007 an MD-90 tail struck the ground while taking off, causing a 2.5-metre tear the in cargo area, and in December 2007, an MD 90 engine cover and tailpipe fell off on the runway of Soekarno-Hatta airport.

Lion Air president director Rusdi Kirana was quoted as saying on Tuesday that Thailand and Australia were chosen because procedures to obtain permits were easier for foreign investors.

He said a partnership with an Australian company for Lion Air Australia was in the making with an Indonesian group taking the maximum legal ownership of 49% and taking control of management.Lion Air would designate six Boeing 737-900ER planes to operate under Lion Australia. Lion Air would base four of its planes in Thailand.

A target date for the establishment of both sister airlines was not disclosed. Lion Air is scheduled to take delivery of its 122nd B737-900ER in 2014 and is receiving aircraft at the rate of one per month in 2008. Rusdi hoped that the joint airline companies in Australia and Thailand would be formed before 2014.

The move would increase capacity in the already competitive domestic markets in Australia and Thailand, said the Centre for Asia Pacific Aviation (Capa), the Sydney-based aviation consulting group.

”The travelling public would be the main winners from further downward pressure on fares, if Lion Air is successful in launching operations in both countries,” said Capa spokesman Derek Sadubin.

Last year, Lion Air said it may invest in Vietnam, Bangladesh, Malaysia and the Philippines.

31 killed in Indonesian plane crash (from Sydney monrning herald)
December 1, 2004 - 7:49AM
Page Tools
http://www.smh.com.au/news/World/31-killed-in-Indonesian-plane-crash/2004/12/01/1101577515548.html

http://www.smh.com.au/ffximage/2004/12/01/plane_wideweb__430x281.jpg
Rescuers examine the wreckage of Lion Air passenger plane after it skidded off the runway in Solo, Central Java, Indonesia.
Photo: AP
A Lion Air passenger plane skidded off the runway and crashed today during heavy rains in central Indonesia, killing at least 31 people and injuring 62, police and airport officials said.

The accident occurred around 6pm local time (2200 AEDT) as Flight JT583 landed at Adi Sumarmo airport in Solo, a thriving tourist town about 500 kilometres southeast of the capital Jakarta, the airline confirmed.

The MD-82 plane took off from Jakarta with 141 passengers and five crew members aboard, airline officials said. It stopped in the East Java town of Surabaya before heading to Solo where it skidded off the runway and ended up in a cemetery next to the airport, airport officials said.

The airplane came to rest about 100 metres off the runway and appeared to split in two.

"The plane hit the tarmac and we all started yelling Allahu akbar (God is Great)," one passenger told Metro TV. "I grabbed a woman near me and just tried to reach (the) emergency exit. Everyone around me was screaming."

Rudi Patrianto, the airport's chief of commercial administration told The Associated Press, that 31 passengers had died. Solo Police Chief Abdul Madjid told reporters that 62 were injured in the crash, nearly 40 of them seriously.

Among them was a Singaporean woman and three children, hospital officials said.

Firefighters and police officers were searching for survivors and removing the injured to waiting ambulances, media reports said. Many were still in the plane nearly three hours after the crash, stuck inside the wreckage, media reports said.

"The evacuation is complete and we've got everyone out of the plane," Patrianto said.

Metro TV showed a chaotic scene at the airport, with dead and injured passengers lying on the terminal floor and crying relatives searching for news of their loved ones. The plane was sitting in darkness.

"My plane crashed. My plane crashed," one passenger screamed into a cell phone. "I've lost everything."

Lion Air spokesman Hasyim Arsal offered condolences to the dead in what is the airline's first fatal crash. He said later that the cause of the accident appeared to be tail winds hitting the plane as it landed but emphasised the actual cause would only be known after an investigation.

Earlier in the day, a passenger plane owned by low-budget Bouraq airlines skidded off the runway in the South Sulawesi capital of Makassar, news reports said. No one was injured.

Indonesia is an archipelagic nation with about 3,000 inhabited islands stretching across 5,000 kilometres.

Previously, travel by slow boat was the only affordable option for most of its 210 million people - who earn an average of $US4 ($A5.11) a day - due to decades of steep fares set by the state-owned airlines under former dictator Suharto.

But when President Suharto's rule ended in 1998 amid the regional economic crisis, the newly elected government quickly deregulated the airline industry.

Since 1999, the number of carriers has jumped to 25, and the resulting price war has allowed many working-class people to afford air travel for the first time. But the rapid expansion has raised some safety concerns, since many of the airlines are small and lease planes that are decades old.

Lion Air - one of several new no-frills airlines in Asia - has been one of the newest stars in Indonesian skies. It remains unclear how the crash will impact on its bold expansion plans.

The airline announced earlier this month that it was leasing the little-used Halim Perdanakusma airport in Jakarta, purchasing more than 25 new planes and adding new routes.

AP

How to price in this kind of competition lah? With your LIFE?

Lion Air Flight 538
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Lion_Air_Flight_538

Lion Air Flight 538

A Lion Air MD-82 in a special website livery Sultan Syarif Kasim II Airport in 2006.
Accident summary
Date November 30, 2004
Type Pilot error, runway overshoot
Site Surakarta, Indonesia

Passengers 164
Crew 4
Injuries 142
Fatalities 25
Survivors 142
Aircraft type McDonnell Douglas MD-82
Operator Lion Air
Registration PK-LMN

Lion Air Flight 538 was a flight from Jakarta to Surabaya with a transit in Surakarta, Indonesia carrying 146 passengers. On November 30, 2004 the MD-82 plane crash landed in the Adi Sumarmo Airport in Surakarta. The plane overran the end of the 2600 m (8500 ft) runway. Despite a regular night flight, there were wet conditions in the area at the time due to hard rain. The captain, a flight attendant, and 23 passengers died as a result of the accident, for a total of 25 fatalities.

Committee to Investigate Cause of Lion Air Accident in Pekanbaru
February 15, 2011

http://www.thejakartaglobe.com/home/committee-to-investigate-cause-of-lion-air-accident-in-pekanbaru/422830

The National Committee on Transportation Safety will be looking into an accident involving a Lion Air plane on Monday. Flight JT 0392 skidded off the runway of the Sultan Syarif Kasim II Airport in Pekanbaru at about 9:15 a.m.

A team from the committee, also known as the KNKT, is scheduled to arrive in Pekanbaru on Tuesday to investigate the accident, the airport's duty manager, Ibnu Hasan, said on Tuesday.

According to Ibnu, none of the 212 passengers were injured in the accident. However, a middle-aged woman fainted during the evacuation.

The airport was hit by heavy rain, strong winds and thunder when the accident occurred. This caused the plane's pilot, Hambauran Andriansyah, to delay its landing, Ibnu said.

The airplane failed to turn properly on the runway, as it was running too fast, so that its nose wheel reached the overrun area, Ibnu added.

Runways have overrun areas at its end that serve as emergency space to slowly stop planes that overshoot it.

“The cause of the accident will be officially announced by KNKT,” Ibnu said.

I don't find AIR ACCIDENTS FUNNY!

To clarify. I'm not saying AK is connected to Eversendai.

I am saying, he's a master at taking companies private on the cheap.

Like what Mr Al Bukhary is trying to do with Bernas and Tradewinds

Man, Robert Quek has got to be pissed off. First forced to sell to FGV. Then FGV sells cheaply to M al B.

Why can't you keep your accident prone ass in Indonesia!

A gust of wind? Really?

Lion Air blames strong winds for minor plane accident
The Jakarta Post | National | Sun, October 23 2011, 5:38 PM
http://www.thejakartapost.com/news/2011/10/23/lion-air-blames-strong-winds-minor-plane-accident.html

A Lion Air station handling manager at Sepinggan Airport in Balikpapan, East Kalimantan, says that initial investigations suggest that strong winds caused a Lion Air aircraft to slide while landing.

“The plane was already in landing position. It was flying slowly when suddenly a gust of wind blew from behind and pushed the plane off its line,” Rachmansyah N. said Sunday, as quoted by tribunnews.com.

He said that the wind speed was estimated at around 20-30 knots, carrying significant force.

“This is very strong, because the normal speed is only five to 10 knots,” he said.

The accident forced Sepinggan Airport to close for six hours, affecting a number of flights both into and out of Balikpapan.

All 193 passengers were reported safe.

Lion Air Flight 386
From Wikipedia, the free encyclopedia
Lion Air Flight 386

http://en.wikipedia.org/wiki/Lion_Air_Flight_386

Accident summary
Date January 14, 2002
Type Failure to takeoff, Pilot error
Site Sultan Syarif Qasim II International Airport, Pekanbaru, Riau, Indonesia
Passengers 96
Crew 7
Injuries 1
Fatalities 0
Survivors 103
Aircraft type Boeing 737-200
Operator Lion Air
Registration PK-LID

Lion Air Flight 386 was a Boeing 737-200 airliner that crashed on take-off at Sultan Syarif Kasim II Airport, Pekanbaru, Riau, Indonesia, while heading for Batam. The crash occurred at 10.15am local time on January 14, 2002. All passengers and crew survived.
Contents [hide]

On board the aircraft (registration PK-LID) were 96 passengers and seven crew. The weather was good, and the aircraft was within normal operation weights.

The flight crew correctly set their flight speeds then attempted to begin take-off. At rotation speed the First Officer (FO), who was flying the aircraft, pulled back on the control column and lifted the nose up to 18 degrees. However the airplane did not become airborne.

The FO first increased engine power but, when it was clear that the airliner was not going to leave the ground, elected to abort the take-off by selecting full reverse thrust and applying maximum brake. The aircraft overshot the end of the runway, was successfully steered around the landing approach lights, and eventually came to rest 240m beyond the runway.

Both engines had been torn from the wings and the landing gear had collapsed. The right-hand engine was found 50m away, while the left-hand engine had become wedged under the main landing gear bay. The outboard part of the right wing had broken off after hitting a fence, and was leaking fuel. However, there was no fire. The underside of the tail cone showed scratches consistent with having been dragged along the runway due to a high aircraft pitch. The fin was cut off the aircraft shortly after the crash in order not to obstruct landing aircraft's view of the landing lights.

Inside the aircraft the left front door had opened itself when the aircraft's nose had come down hard from the 18 degrees pitch up position. Two trolleys also became free of their safety restraints and blocked the cockpit door.

When the aircraft came to rest the head flight attendant looked through the open front left door but saw that it was blocked by trees. Through the right front door the fourth flight attendant saw smoke, and decided to keep that door closed. The head flight attendant then used a megaphone to ask the passengers to keep calm and evacuate through the over-wing emergency exits.

In the rear of the aircraft the third flight attendant fell from her seat when the aeroplane stopped. The second flight attendant, with her, checked the left rear door but saw that it was too high from the ground. The second flight attendant asked the third to block this door and prevent anyone leaving through it, however a man pushed her aside and leapt from it anyway. The rear right door was 2m from the ground and the third attendant deemed it usable, but the emergency slide failed to inflate. Instead, the attendant allowed people to jump from the door to the ground. In the process, a woman broke her leg – the only serious injury sustained in the incident.
[edit]Analysis and conclusions

The accident was investigated by Indonesia's National Transportation Safety Committee.

Both the flight data recorder (FDR) and the cockpit voice recorder (CVR) were recovered, and were sent to the UK's Air Accident Investigation Branch's Farnborough laboratory for analysis. The aircraft was thoroughly examined at the scene, and parts of the flaps system was analysed by Boeing in the United States.

The information from the FDR was consistent with a take-off having been attempted with the flaps stowed, which meant that the lift-off speed was too high to be reached on the runway. It was apparent from inspections that the flap system was functioning normally, except for a faulty circuit breaker in the aural flap warning system.

One track - the cockpit area microphone - was not recorded on the CVR, likely a faulty microphone. The accident investigators came to the conclusion that the flight crew had not followed the pre-flight check list properly, and had failed to set the flaps to their take-off position. The circuit breaker for the flaps warning system had failed before and had not been properly repaired.

What the first flight attendant had thought to be smoke was actually dust thrown up by the impact, and therefore the right front door could have been used in the evacuation. The inflatable slides were later tampered with to make it look as though they had deployed, and so the reason for their failure to inflate could not be determined. However, there were no records that the maintenance the slides required had been carried out.

Could also be a he-she. If so, my apologies.

Some others might want to laugh.

Personally I find it offensive that someone who has regularly been posting here, has not taken the trouble to WARN others or myself about the dangers of flying Malindo or Lion Air.

Show's how much he/she cares huh?

Team, Its not even about the money. Who care about money when you're
slip-sliding down a runway.

SAVE your Friends, Family, and Loved Ones! WARN THEM!

Along with most other Indonesian carriers, Lion Air (including its Wings Air subsidiary) is on the list of air carriers banned in the European Union due to safety concerns as of February 2012.

Incidents and accidents

On 14 January 2002, Lion Air Flight 386, a Boeing 737-200 crashed on take-off and was written off; no one was killed.

On 30 November 2004, Lion Air Flight 538, a McDonnell Douglas MD-82, crashed in Surakarta, killing 25 people.[23]

On 4 March 2006, Lion Air Flight 8987, a McDonnell Douglas MD-82, crashed after landing at Juanda International Airport.[24] Reverse thrust was used during landing, although the left thrust reverser was stated to be out of service.[24] This caused the aircraft to veer to the right and skid off the runway, coming to rest about 7,000 feet (2,100 m) from the approach end of the runway.[24] No-one was killed but the aircraft was badly damaged.[24]

On 24 December 2006, Lion Air Flight 792, a Boeing 737-400, landed with an incorrect flap configuration and was not aligned with the runway.[25] The plane landed hard and skidded along the runway causing the right main landing gear to detach, the left gear to protrude through the wing and some of the aircraft fuselage to be wrinkled.[25] No one was killed and the aircraft was written off.[25]

On 2 November 2010, Lion Air Flight 712, a Boeing 737-400 (registration PK-LIQ) overran the runway on landing at Supadio Airport, Pontianak, coming to rest on its belly and sustaining damage to its nose gear. All 174 passengers and crew evacuated by the emergency slides, with few injuries reported.[26]

Patimas at 0.00005 sen is still too much.

Share outstanding - 832.9 mil (according to bloomberg)

The calm before the storm. Don't worry. I'm sure the owners are going to make a general offer soon.

If not them, someone else. How much do you think that land in Kajang and Bangi is worth? How can a developer resist. Even MRCB needs to replenish its landbank.

Hotel in Pulau Perhentian....(how many are there in PP)?

Assets - liabilities/Share outstanding = 1.51 per share. Now trading?

Why else has the company been furiously been buying back shares?

Could I be wrong. Maybe. But I'll hang on to my shares for a bit longer.

There isn't enough free float. Between the owner and KWSP, they have about 78-80% of share.

It'll probably go lower, and when low enough, the owner miraculously swoops in with a General Offer, at a premium to its share price of 80 sen.

Seen this game before. I believe T Ananda K is a pro at playing it.

@moneymoneycum: As kcchongnz kindly reminded us earlier -

"If you have been in a poker game for a while, and you still don’t know who the patsy is, you’re the patsy." - WB

The short answer: No. Not even @ 1 sen. Save your sen and self.

Is THIS AirAsia's much vaunted competition. Banned from the EU?

Can't wait to jump on-board. Does the wi-fi work from the tarmac?

Hmmm....

Remember team, safety first!

Maybe some others on this forum (not saying who) might find this funny/amusing and make jokes, but who's laughing when you're skidding down the runway.

One two ringgit cheaper...or your ass on the tarmac.

Your choice.

Safety first!

Along with most other Indonesian carriers, Lion Air (including its Wings Air subsidiary) is on the list of air carriers banned in the European Union due to safety concerns as of February 2012.

Incidents and accidents

On 14 January 2002, Lion Air Flight 386, a Boeing 737-200 crashed on take-off and was written off; no one was killed.

On 30 November 2004, Lion Air Flight 538, a McDonnell Douglas MD-82, crashed in Surakarta, killing 25 people.[23]

On 4 March 2006, Lion Air Flight 8987, a McDonnell Douglas MD-82, crashed after landing at Juanda International Airport.[24] Reverse thrust was used during landing, although the left thrust reverser was stated to be out of service.[24] This caused the aircraft to veer to the right and skid off the runway, coming to rest about 7,000 feet (2,100 m) from the approach end of the runway.[24] No-one was killed but the aircraft was badly damaged.[24]

On 24 December 2006, Lion Air Flight 792, a Boeing 737-400, landed with an incorrect flap configuration and was not aligned with the runway.[25] The plane landed hard and skidded along the runway causing the right main landing gear to detach, the left gear to protrude through the wing and some of the aircraft fuselage to be wrinkled.[25] No one was killed and the aircraft was written off.[25]

On 2 November 2010, Lion Air Flight 712, a Boeing 737-400 (registration PK-LIQ) overran the runway on landing at Supadio Airport, Pontianak, coming to rest on its belly and sustaining damage to its nose gear. All 174 passengers and crew evacuated by the emergency slides, with few injuries reported.[26]

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1223389

MANILA, 11 MARCH 2013 – Philippines' AirAsia, Inc. (“PAA”) enters
into a Strategic Alliance Agreement with Ambassador Alfredo Yao, who is
the majority shareholder of Zest Airways, Inc. and Asiawide Airways, Inc.
(collectively, the “Zest Air Group”).

In the Strategic Alliance Agreement between PAA and Ambassador Alfredo
Yao, PAA intends to invest in the Zest Air Group by acquiring 49% of
common stock of Zest Airways and 100% of Asiawide Airways, and, in
turn, Amb. Yao will subscribe to shares in PAA. The Strategic Alliance
Agreement contemplates various regulatory approvals to be obtained prior
to completion of the transaction. To further strengthen this partnership,
the shareholders of PAA will infuse funds to augment working capital.

Marianne Hontiveros, CEO of PAA, said, “Today's strategic alliance between
our two local carriers brings pride and joy to Philippines' AirAsia. I am
especially delighted to have Amb. Yao of ZestAir as a partner as he shares
a common vision to provide passengers with the best value fare possible
which enables them to fly to various destinations.”

“This proposed investment in the Zest Group will complement the
strategies for future growth of PAA, which currently operates out of Clark.
This will allow us to leverage on our respective strengths, which in the
case of Zest Air, include its operations out of the Ninoy Aquino
International Airport (“NAIA”), which constitutes a majority of the air traffic
in the Philippines, and a strong domestic network which feeds into its
current international routes. The stockholders of PAA welcome this
partnership with Amb. Yao, a seasoned entrepreneur who is well regarded
in Philippines,” she added.

The investment of PAA in Zest Air also aligns with AirAsia Group’s business strategy. The AirAsia Group consists of existing operations in Malaysia,
Thailand, Indonesia, Japan, the Philippines and, with India to come,
altogether making AirAsia the largest Asian low cost carrier, with a
combined fleet of 120 aircraft, plus over 350 more on order, and operating
over 158 routes spread across 18 countries, of which 56 are unique.
AirAsia sees enormous growth potential in the Philippines, especially with a
population of over 100 million people across an archipelago of just over
7,000 islands, a landscape conducive to air transportation.

Ambassador Alfredo Yao commented, “We are truly delighted with this
strategic alliance with AirAsia, Inc. It provides a great opportunity to
realize both carriers’s common vision to widen the choice of low cost travel
within the Philippines and the region. The goal in ZestAir is driven by my
passion to capitalize on the tourism potential and, hence, our investment
to quickly increase our fleet and expand Zest’s market share."

PAA Chairman, Antonio “Tony Boy” Cojuangco remarked, “I am truly
excited about this alliance as it will take both companies to greater
heights. The Philippines aviation market has tremendous upside potential.
Bringing these two carriers together will definitely realize this potential.”

I'm kidding of course (Not really in some cases). And I'm sure some of you aren't laughing.

The "say no to drugs" applies to M-IPOs - "say NO".

Buy 24 months later @ a 50% discount.

Come on guys. When was the last "good" IPO. Or has everyone conveniently forgotten XOX, Smartag, Ideal Jacobs, Mclean Tech, Eversendai, SIG Gases etc.

Were even FGV, IHH and Astro really that "good"?

@MalaysianKerbau You are right, AirAsia only about a 12% shareholding of AirAsia X. It does not meet the criteria to be called an associate, which is a greater than 20% shareholding.