Posted by probability > 2020-02-06 16:12 | Report Abuse

Time to whack AirAsia......

Dr.M can turn potential PM to convict and back again to a PM
..................

His words are final:

PM on AirAsia-Airbus scandal: It’s normal to have ‘offsets’ in business

Posted by warchest > 2020-02-06 17:05 | Report Abuse

Is not an offset as the payment was to his sports team, which has nothing to do with Air Asia Group. And it was not used as a rebate or discount for Air Asia future commitments.

Posted by supersaiyan3 > 2020-02-06 21:19 | Report Abuse

Yeah, Jho Low also same mah, goes into his company, not his own pocket mah. Lol!

Posted by probability > 2020-02-06 22:09 | Report Abuse

In June 2011 AirAsia ordered 200 Airbus A320neos at the Paris Air Show.[67][68] The planes were originally due to become available in 2015, and the deal was one of the largest ever for commercial aircraft in a single order.[67] The deal was worth US$18 billion at list prices, although AirAsia will have obtained a substantial discount from those prices.[68] The deal makes AirAsia Airbus' single biggest customer.[69] On 13 December 2012, AirAsia placed an order for an additional 100 Airbus A320 jets, splitting it between 64 A320neo and 36 A320ceo.[70] At the Farnborough International Air Show in 2016, Air Asia ordered 100 A321neos at an estimated cost of US$12.6 Billion dollars at list prices.[71] Air Asia plans to fly these larger aircraft to airports that have infrastructure constraints.[72] AirAsia received its first A320neo In September 2016.

................


What is 50M vs US$ 18 Billion?

That is 0.2% margin impact.....

what fcuking non-sense bribery and shareholder value you all talking about....

Posted by probability > 2020-02-06 22:15 | Report Abuse

yes Fortune...double whammy event...you can never find such cheap sale ever for AA!

Posted by stockraider > 2020-02-06 22:20 | Report Abuse

Is the act of Airasia buying airbus aircraft subject to the condition of Tony and Kamaruddin own company must get sponsorship from Airbus leh ?

If no, to the fuck of macc & other corruption investigations, where is the fucking corruption leh ??

Posted by DickyMe2 > 2020-02-06 22:20 | Report Abuse

"Posted by warchest > Feb 6, 2020 5:05 PM | Report Abuse
Is not an offset as the payment was to his sports team, which has nothing to do with Air Asia Group. And it was not used as a rebate or discount for Air Asia future commitments."

US50M is offset for AA
Another payment to his sports team, nothing related to AA.
Don't try to mix up and conclude.
Only asses assume.

Posted by Lukey_Greek > 2020-02-06 22:25 | Report Abuse

有没罪老马说了算。就等亚航买马航

Posted by probability > 2020-02-06 22:27 | Report Abuse

TF owns 1/3 of AA....he is more concern on "shareholder's interest" than any other fcuking shareholders here....

Posted by newbie911 > 2020-02-06 22:33 | Report Abuse

Different business entity...how to offset.
Offset his head ah?
Anywhr...main motive is to make tony heart soft and slowly he has to agree with tun to merge with MAS.

Posted by probability > 2020-02-06 22:33 | Report Abuse

what is 50M shared between 2 person indirectly versus the Billions ringgit interest they have on AA.........

That 50M did not even went to their pocket...may be RM 1k went in

you think all other companies in Bursa are held by "Puritans"?? They dont buy anything for their customers??

fcuk the hypocrisy....

market really need to wake up leh!
.................................

Posted by probability > 2020-02-06 23:24 | Report Abuse

Look at the cost they incur for buying the planes from Airbus below:

https://en.wikipedia.org/wiki/AirAsia

On June 2011 AirAsia ordered 200 Airbus A320neos at the Paris Air Show.[67][68] The planes were originally due to become available in 2015, and the deal was one of the largest ever for commercial aircraft in a single order.[67] The deal was worth US$18 billion at list prices, although AirAsia will have obtained a substantial discount from those prices. The deal makes AirAsia Airbus' single biggest customer.

On 13 December 2012, AirAsia placed an order for an additional 100 Airbus A320 jets, splitting it between 64 A320neo and 36 A320ceo.[70] At the Farnborough International Air Show in 2016, Air Asia ordered 100 A321neos at an estimated cost of US$12.6 Billion dollars at list prices.

Air Asia plans to fly these larger aircraft to airports that have infrastructure constraints.[72] AirAsia received its first A320neo In September 2016.

With this, the total number of orders that AirAsia had placed for the Airbus A320 family had gone up to 575, reaffirming the carrier's position as the largest airline customer for the Airbus single aisle product line.[73]



(1) WHAT AIRBUS GAINS?
.......................


say Airbus hikes their margin by 0.5% by bribing TF and KM with US$ 50M:

Airbus cost of 300 Units: US$ 18B + US$ 12.6B = US$ 30.6B

Airbus gain:

= 0.5% x US$ 30.6 B
= RM 650 Million

Net Airbus gain:

= RM 650 Million - RM 200 M (bribery)
= RM 450 Milliom




(2) WHAT TF & KM GAINED?

.........................


What TF & KM gained from bribery of US$ 50M:

= RM 200 M

loss in AA with combined stake of 32%:

= 32% x 650 Million (cost hike)
= RM 210,000

Net gain by TF & KM:
= 200 - 210
= - 10 Million

...................

From the above, i cannot see any logic even if 100% of the bribery amount of 200 M went into their pocket...

will Airbus just for the sake RM 450M gain bribe RM 200M?
If Airbus benefited more by hiking more on their planes price....TF & KM will definitely suffer greater loss...

I hope the above rational, logical argument sinks to everyone's head.

==========================================================

Posted by stockraider > 2020-02-06 23:35 | Report Abuse

Airasia whether good time or bad time always buy airbus & never other aircrafts all this while mah.....!!

Even airbus sponsorship of Tony & Kamaruddin company has no bearing on airasia buying decision mah...!!

Thus MACC no case loh...!!

Posted by newbie911 > Feb 6, 2020 10:33 PM | Report Abuse

Different business entity...how to offset.
Offset his head ah?
Anywhr...main motive is to make tony heart soft and slowly he has to agree with tun to merge with MAS.

Posted by Lukey_Greek > 2020-02-07 21:20 | Report Abuse

成龙说他犯了全男人都会犯的错。如果他们都知道有被抓的一天，试问有谁敢犯？难道他们都不懂家庭比外边的野花更重要？

Posted by Lukey_Greek > 2020-02-07 21:27 | Report Abuse

RM200m is a ‘gift’ given by Airbus. It’s up to you to spend it on your luxury hobbies, or declared & spent the money on the companies, especially when the company did not do well at that time.

Posted by i3lurker > 2020-02-07 21:33 | Report Abuse

you mean its a donation?

coz majority of AirAsia customers 99% are in the UK and

AirAsia operate out of Heathrow flying from London to New York
majority of AirAsia staff are also UK citizens
Board of Directors of AirAsia are all British as well.

so must advertise in UK

its all perfectly legal.

Posted by icecool > 2020-02-07 21:40 | Report Abuse

offset the new definition for donation hahaha

Posted by stockraider > 2020-02-08 17:49 | Report Abuse

The offsets given is actually contribution pay by airbus for sponsorship, advertisement & promotion given to support the F1 and QPR football company loh...!!!

Thats a bribery or a business deal leh ??

Posted by EngineeringProfit > 2020-02-08 17:51 | Report Abuse

Contribution or donation?

Posted by stockraider > 2020-02-08 17:52 | Report Abuse

Definitely contributions mah....bcos these are commercial orgainizations & not charitable organization loh....!!

Posted by EngineeringProfit > Feb 8, 2020 5:51 PM | Report Abuse

Contribution or donation?

Posted by Up_down > 2020-02-08 19:12 | Report Abuse

Next time, many listed entities in Bursa would exploit this exclusive 'offset' method to siphon money out of the companies. Malaysia Boleh!