Posted by strattegist > 2020-01-20 10:51 |

Post removed.Why?

Posted by strattegist > 2020-01-20 10:52 | Report Abuse

tayar bocor kasik tampal laaaa weiiii...

Posted by apple168 > 2020-01-20 13:47 | Report Abuse

Come on, give me less than 1....

Posted by Kelvin Jing Wei > 2020-01-20 13:58 | Report Abuse

Airasia finish already OMG !!

Posted by sokowanda > 2020-01-20 14:00 | Report Abuse

follow con boss mostly death gao gao

Posted by MillionMindset > 2020-01-20 14:39 | Report Abuse

Yup, Plane not departures yet. Need to on hold..

Posted by Kendo Ken Hz > 2020-01-20 14:49 | Report Abuse

Most stocks having a good time now, except AA

Posted by Kelvin Jing Wei > 2020-01-20 15:28 | Report Abuse

Only AA stock cannot grow up ...

Posted by jgb349000 > 2020-01-20 15:47 | Report Abuse

Tf sleeping.

Posted by shortinvestor77 > 2020-01-20 15:53 | Report Abuse

https://klse.i3investor.com/blogs/kianweiaritcles/2020-01-20-story-h1482865952-AirAsia_appears_in_the_lead_to_take_over_Malaysia_Airlines.jsp
Khazanah’s management said that a merger between MAB, AAGB and its long-haul sister AirAsia X (AAX) should be the way forward. The reasons were that the fund deemed the consolidation as the best foot forward in resolving domestic industry capacity, thus placing MAB on a more financially sustainable path.

Posted by shortinvestor77 > 2020-01-20 15:53 | Report Abuse

GOOD OR NOT?

Posted by shortinvestor77 > 2020-01-20 15:55 | Report Abuse

It is also understood that AAGB requested a list of exemptions that would have to be borne by Khazanah should both AirAsias buy MAB, including giving up the golden share.

Posted by Perfectly > 2020-01-20 17:14 | Report Abuse

1.63 1.63 1.63

Posted by stockmarket101 > 2020-01-20 17:17 | Report Abuse

Merger will be most wonderful and the correct strategy as long as AAGB is in control of management and the board of the new company.

Posted by freddiehero > 2020-01-20 17:19 | Report Abuse

wat is merger for ?

Posted by freddiehero > 2020-01-20 17:20 | Report Abuse

huhu.. i have said MAS rich of cash..

Posted by freddiehero > 2020-01-20 17:20 | Report Abuse

i hope MAS buy airasia ?

Posted by freddiehero > 2020-01-20 17:20 | Report Abuse

can it be?

Posted by Springtime > 2020-01-20 17:21 | Report Abuse

So the strategy is to push down or push up the price of AA to merge with MAB?

Posted by freddiehero > 2020-01-20 17:23 | Report Abuse

tony should b take rest and enjoy life style wif beatiful korean wife!

Posted by freddiehero > 2020-01-20 17:24 | Report Abuse

all the best for family

Posted by freddiehero > 2020-01-20 17:27 | Report Abuse

is time turn back MAS strong... Malaysia Boleh time liao...

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-01-20 17:40 | Report Abuse

https://klse.i3investor.com/blogs/kianweiaritcles/2020-01-20-story-h1482866858-Mavcom_slaps_RM2mil_fine_each_on_AirAsia_AirAsia_X_MA_Sepang_for_RM856_.jsp

Posted by enigmatic ¯\_(ツ)_/¯ > 2020-01-20 17:40 | Report Abuse

deswai today kena

Posted by Victor Yong > 2020-01-20 22:16 | Report Abuse

Mas and AirAsia X? :)

KUALA LUMPUR (Jan 20): Khazanah Nasional Bhd says it is still in the midst of identifying the best solution for Malaysia Airlines Bhd (MAB), neither confirming nor denying speculation that the proposed merger of the national carrier with AirAsia X Bhd (AAX) is back on the cards.

"Khazanah Nasional continues to work closely with the government and Malaysia Airlines in finding the most appropriate solution for the airline to achieve sustainable growth and profitability.

"While there have been several proposals in this regard, a review of the options available to us is still ongoing," a Khazanah spokesperson told theedgemarkets.com in a query.

Besides the marriage with AAX, other proposals that were on the table were from Japan Airlines Co Ltd which proposed a RM1.12 billion injection of funds for a 25% stake, Air France-KLM SA and Malindo Airways Sdn Bhd.

The offers related to AAX and Japan Airlines are said to be frontrunners in the consideration.

In September last year, The Malaysian Reserve reported, quoting sources, that Khazanah was already pushing for the merger but had strong resistance from the fund’s stakeholders due to the lopsidedness of the deal.

The deal was seen as MAB bailing out AAX, which continues to post huge losses.

The report added that the proposal would require the government to inject money to recapitalise Malaysia Airlines and settle all outstanding debts prior to the merger. AAX will then make a bid to acquire or merge with the leaner Malaysia Airlines.

Prime Minister Tun Dr Mahathir Mohamad was reported today to have acknowledged that Khazanah has received five proposals for MAB. Dr Mahathir is Khazanah's chairman.

In December, Economic Affairs Minister Datuk Seri Azmin Ali said the proposals received by the sovereign wealth fund were not “attractive” and therefore, the final decision was likely to be made only later this year.

Azmin, who reiterated this today when speaking to reporters, added: "I'm hoping we will be able to conclude the whole exercise as soon as possible, as we want Malaysia Airlines to be on the growth path to reduce Khazanah’s financial burden."

MAB is wholly-owned by Khazanah Nasional, while AAX is owned by AirAsia Group Bhd.

Posted by icepumpkin > 2020-01-20 22:27 | Report Abuse

Kena trap. Cannot sell. Share keep dropping. So long already.

Posted by Springtime > 2020-01-20 22:46 | Report Abuse

https://focusmalaysia.my/mainstream/airasias-takeover-of-malaysia-airlines-may-cost-khazanah-over-rm8-bil/

Posted by Springtime > 2020-01-20 22:48 | Report Abuse

Looks like AA will acquire MAB. A matter of time and AA shares will goreng up to cover up the acquisition.

Posted by Ron90 > 2020-01-21 00:07 | Report Abuse

khazanah should look at how bad the performance of AAX..which by far WORST than MAS !!.. dont just fall prey to Tont Frenandez lousy and cunning tactics with argument that only he can manage good airline.. when AAX doing WORST than MAS !.

even at Air Asia..we are now left with nothing when all the profits have been siphoned out by him and maranum through payment of fat-fat dividend to their investment vehicle.

Right now, even AA and AAX bankrupt, no harm to both of them as they already pocketed all the profits.

Posted by MrRightTiming > 2020-01-21 00:33 | Report Abuse

AA and MAS combine become monopoly in Malaysia. Just a matter of time to grow stronger. Low cost and Premium Class all belong to AA! Future outlook very strong with TF visionary :D Interesting day today!

Posted by strattegist > 2020-01-21 07:02 | Report Abuse

sawadikappppp

Posted by Aristocats > 2020-01-21 07:55 |

Post removed.Why?

Posted by smalltimespeculator > 2020-01-21 08:13 | Report Abuse

This is obviously a bailout for fellow kronies.

RM 8 Bil to Bailout Airasia and AAX Bhd.

While the major shareholdet already stripped the company clean by selling aircraft and
Paying ownself a big special dividend.

Have you all forgotten about the aircraft painted in Blue with the words Hebatkan Negaraku?

U guys are dealing with a big kroni here.

https://focusmalaysia.my/mainstr/airasias-takeover-of-malaysia-airlines-may-cost-khazanah-over-rm8-bil/

Posted by shortinvestor77 > 2020-01-21 08:52 | Report Abuse

AIRASIA Group Bhd’s (AAGB) proposed takeover of Malaysia Airlines Bhd (MAB) will include key exclusions which may take the initial cost to Khazanah Nasional Bhd (which owns all of MAB) to over RM8 bil, documents sighted by FocusM show.

These include an RM5.4 bil financing gap for MAB’s six A380s, the exclusion of an RM2.5 bil sukuk, costs of staff layoffs, and the cost of cancellation of 25 Boeing 737 MAX 8 orders as well as other fleet rationalisation. All these total up to well over RM8 bil that Khazanah will have to bear even if MAB is acquired by AAGB.

The documents showed that last month AAGB chief executive officer Tan Sri Tony Fernandes pitched to Khazanah managing director Datuk Shahril Ridza Ridzuan a merger between AAGB, its long-haul unit AirAsia X Bhd and MAB (MergedCo).

This MergedCo would be listed on Bursa Malaysia and be a “Malaysian/Asean champion.” These were some of the pull factors that entitled AAGB to be MAB’s strategic partner.

It is also understood that Shahril and the Khazanah management were in favour of the deal but it was shot down by the board. It is believed that the proposal is still making rounds and being considered as the fund needs to decide on a strategic partner for MAB soon.

According to Prime Minister Tun Dr Mahathir Mohamad, there are five proposals. Economic Affairs Minister Datuk Seri Mohamed Azmin Ali also said Khazanah is still on the lookout for a strategic partner. The fund will need to settle on a name soon.

AAGB’s bid is one among four bids currently on the table and is probably the leading bid, followed by Japan Airlines, the other two being Air France-KLM and Malindo Airways.

But AAGB had the leg up as Khazanah believes the synergy derived from the MergedCo would amount to roughly RM1.4 bil a year, which is sufficient to cover MAB’s operations of RM1 bil a year.

Here are the salient points of Fernandes’ initial proposal to Shahril:

1) AirAsia Group is in the process of consolidation

AAGB, through AirAsia Bhd (AAB or AK), is in “the process of acquiring” AirAsia X Bhd (AAX or D7). This will see both airlines merge into one airline operation, retiring AK and D7 and only using one IATA code AK.

This enlarged group will serve the low-cost market, covering domestic and international segments, from short to long haul. This is also the crucial step in merging with MAB to form the enlarged MergedCo.

2) MH will be retired and placed under AirAsia group

MAB will be placed under Asia Aviation Investment Ltd (AAIL) which is 100% owned by AAGB. The IATA code MH will be changed to MY but will target the “premium segment” for both domestic and international markets.

AK, which is the merged company between AirAsia and AirAsia X, will aim for the low-cost segment for both domestic and international markets.

Further, AirAsia plans to retain the blue colour of the current MH but “with a refreshed, modern image and branding” while its low-cost offerings under AirAsia Group remains with its red and current branding.

3) No golden share

Post-transaction, the Malaysian government or Khazanah should not have any golden shares, or preference shares in MAB. AAGB also is demanding for complete control of management, including the appointment of key senior personnel, including the chief executive officer.

Fernandes wants “minimal government intervention” as MAB will be under the AAGB umbrella. But Khazanah may be allowed to have a seat on the board of the MergedCo.

4) Khazanah to bear staff layoffs and settle RM2.5 bil sukuk

AAGB wants to have full discretion on who to hire and fire from MAB but Khazanah has to execute the rationalisation exercise.

This includes bearing compensation and costs related to the exercise which may involve voluntary separation schemes (VSS) and/or mandatory separation schemes (MSS).

AAGB might retain pilots and cabin crew for future growth but other divisions are subject to “further deliberation.” AAGB will also not take up the RM2.5 bil corporate perpetual sukuk issued in 2012.

5) AAGB is seeking government and Khazanah’s help for clearance from the Malaysian Competition Commission (MyCC)

Having a MergedCo consisting AAGB, AAX and MAB is expected to trigger anti-competition problems. AAGB is seeking for the proposed transaction to be approved by MyCC. This is done to protect AAGB and its stakeholders’ interests.

6) AAGB will look to cancel, exclude and retire a number of MH planes

Six Airbus A380-800 are to be sold or disposed by Khazanah prior to the merger transaction. The reason is, according to AAGB, the group does not need to use the A380s as part of its operations.

Also, these six Airbuses have yet to be fully paid for by MAB. There is an RM5.4 bil loan financing gap for the six planes. AAGB does not want to bear that either.

AAGB also wants Khazanah to cancel the 25 Boeing 737 MAX 8 orders. This is to streamline planes to ensure that they originate from a single manufacturer, Airbus. Also, AAGB is worried about “current iss

Posted by stockmarket101 > 2020-01-21 08:55 | Report Abuse

After AA takes over MAB the very first thing TF/Management/Board should do is to fire all those parasites in MAB. Profitability and accountability must be the top priorities.

Posted by dragonslayer > 2020-01-21 08:56 | Report Abuse

Aiyo...sawadhikappp...kap kap kap...arini...plane can depart or not...airport lounge to crowded lah..too noisy ...too many passengers stranded in the airport lounge...cannot fly...due to flight delayed past few days...macam macam passengers all bising bising at the airport lounge...many paasengers very frustrating lah...lol...aiyoyo..kikiki

Posted by shortinvestor77 > 2020-01-21 09:00 | Report Abuse

Departing started today.

Posted by Aristocats > 2020-01-21 09:03 |

Post removed.Why?

Posted by Victor Yong > 2020-01-21 09:05 | Report Abuse

Very likely AirAsia will be chosen. If mas and AirAsia X are profitable, the corporate tax receivable in future will offset whatever coat incurred to sell mas to AirAsia. Also, the govt will stop paying for mas losses yearly.

The offers related to AAX and Japan Airlines are said to be frontrunners in the consideration.

In September last year, The Malaysian Reserve reported, quoting sources, that Khazanah was already pushing for the merger but had strong resistance from the fund’s stakeholders due to the lopsidedness of the deal.

Posted by Aristocats > 2020-01-21 09:11 |

Post removed.Why?

Posted by Aristocats > 2020-01-21 09:15 |

Post removed.Why?

Posted by Victor Yong > 2020-01-21 09:21 | Report Abuse

I think, this time jadi, madey will show that he is stronger than najib who had made a u-turn on AirAsia-mas deal last time.

To recap, in August 2011, the then-listed Malaysia Airline System Bhd (MAS), AirAsia and AAX entered into a comprehensive collaboration framework.

The agreement involved Khazanah and Tune Air Sdn Bhd entering into a share swap agreement, so there will be cross-holding of shares resulting in Tune Air Sdn Bhd obtaining 20.5% stake in MAS and Khazanah obtaining 10% in AirAsia.

The deal was intended to synergise the two Malaysian-born airlines and reduce competition against each other.

However, it was called off in 2012, amid pressure from MAS workers’ union due to fear of job cuts.

Posted by Victor Yong > 2020-01-21 09:25 | Report Abuse

AirAsia will be more actively traded from now :)


After PLUS, Khazanah now has to decide on Malaysia Airlines
Emir Zainul

The Edge Financial Daily

January 21, 2020 08:28 am +08
This article first appeared in The Edge Financial Daily, on January 21, 2020.

KUALA LUMPUR: Just when it is about to close the chapter on the stake sale in PLUS Malaysia Bhd, Khazanah Nasional Bhd has drawn its attention to the ailing national carrier, Malaysia Airlines Bhd in which it injected RM800 million, if not more, last year.

Tun Dr Mahathir Mohamad, the chairman of Khazanah, told the media yesterday that the government received five proposals for Malaysia Airlines.

“There are about five proposals but of course some of them are just no go. We need to listen to everybody to find out what is the best solution,” the prime minister was quoted by the media as saying in Langkawi yesterday.

When contacted for further detail, Khazanah told theedgemarkets.com that it is still in the midst of identifying the best solution for its wholly owned Malaysia Airlines.

“Khazanah Nasional continues to work closely with the government and Malaysia Airlines in finding the most appropriate solution for the airline to achieve sustainable growth and profitability.

“While there have been several proposals in this regard, a review of the options available to us is still ongoing,” a Khazanah spokesperson told theedgemarkets.com in a query.

Speculations are rife that long haul low cost carrier AirAsia X Bhd (AAX) is among the airlines that have submitted a proposal.

Khazanah’s spokesperson neither confirmed nor denied the speculation on the proposed merger of both the loss-making airlines.

Posted by Victor Yong > 2020-01-21 09:37 | Report Abuse

Waiting for EPF to enter , more lively :)

AIRASIA Shareholding Changes
Date of change Shares Director/
Substantial Shareholder
19 Dec 2019 Acquired
330,000 Employees Provident Fund Board
10 Dec 2019 Acquired
8,024,935 Employees Provident Fund Board
10 Dec 2019 Disposed
8,354,935 Employees Provident Fund Board
25 Nov 2019 Acquired
480,000 Employees Provident Fund Board
22 Nov 2019 Acquired
350,000 Employees Provident Fund Board
04 Nov 2019 Acquired
223,600 Employees Provident Fund Board
31 Oct 2019 Acquired
448,700 Employees Provident Fund Board
04 Oct 2019 Acquired
200,000 Employees Provident Fund Board
30 Sep 2019 Acquired
300,000 Dato' Abdel Aziz @ Abdul Aziz Bin Abu Bakar
26 Sep 2019 Acquired
125,000 Dato' Abdel Aziz @ Abdul Aziz Bin Abu Bakar

Posted by Victor Yong > 2020-01-21 09:39 | Report Abuse

Najib takut dulu. Madey has nothing to fear :) mas-airasia union :)

However, it was called off in 2012, amid pressure from MAS workers’ union due to fear of job cuts.

Posted by Victor Yong > 2020-01-21 09:43 | Report Abuse

Mas and AirAsia union will make both airlines profitable e.g. reducing overcapacity, streamlining destination served, economies of scale in plane leasing, etc. Malaysia is not a rich country, people are very budget conscious. If a destination is served by budget airlines, majority will choose it

Posted by scholez18 > 2020-01-21 09:44 | Report Abuse

If merger happens, I see only positives. Increased market share, reduce pricing competition, increased profitability, maybe even lesser fighting with the authority given that AA is now carries a "national carrier". Huge, huge synergies in my opinion. Our national pride MAS gets to be saved, and would be managed by a world class airline operator - best for all parties.

Comment on AA needing a bailout is nonsense. Unless we reading different financial statements. AAX maybe, but not AAG.

Posted by newbie911 > 2020-01-21 09:45 | Report Abuse

https://www.bbc.com/news/world-asia-china-51171035

Virus non stop spreading now.

Posted by Springtime > 2020-01-21 09:52 | Report Abuse

If this deal is to go thru, expect Khazanah to own not less than 10% AAG and the price of AAG to be not less than RM10, else how to recover back the 8B spend on restructuring

Posted by Victor Yong > 2020-01-21 09:52 | Report Abuse

Agreed. If some people just focus on the negative, let it be :)

@scholez18 If merger happens, I see only positives. Increased market share, reduce pricing competition, increased profitability, maybe even lesser fighting with the authority given that AA is now carries a "national carrier". Huge, huge synergies in my opinion. Our national pride MAS gets to be saved, and would be managed by a world class airline operator - best for all parties.

Comment on AA needing a bailout is nonsense. Unless we reading different financial statements. AAX maybe, but not AAG.
21/01/2020 9:44 AM