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.
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$12.6 Billion dollars at list prices.[71] Air Asia plans to fly these larger aircraft to airports that have infrastructure constraints.[72] AirAsia received its first A320neo In September 2016.
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What is 50M vs US$ 18 Billion?
That is 0.2% margin impact.....
what fcuking non-sense bribery and shareholder value you all talking about....
"Posted by 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.
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.
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
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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.
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.
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.
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.
The offsets given is actually contribution pay by airbus for sponsorship, advertisement & promotion given to support the F1 and QPR football company loh...!!!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,490 posts
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