Posted by stockraider > Sep 17, 2021 10:46 AM | Report Abuse
Tony better come up with a restructuring scheme for airasia b4 too late mah!
Airasia debt need to pare down substantially b4 it is viable loh!
Posted by Sslee > Sep 17, 2021 8:53 AM | Report Abuse
TF is not helping AA by throwing his tantrum. He is digging his own grave
AirAsia Group CEO Tony Fernandes has spoken out against what he describes as “fair-weather” friends from the corporate world who ditched the company as it goes through its worst financial crisis yet, brought on by the Covid-19 pandemic.
The budget airline tycoon however stopped short of naming who he meant, saying he preferred to reveal them in a “very very strong book” that he is currently working on.
Airlines (Underweight): Domestic air travel on path of strong rebound. Both AirAsia and Malaysia Airlines’ maiden flights from Kuala Lumpur to Langkawi saw a full flight load, signifying a strong rebound for domestic air travel. AirAsia Malaysia CEO Riad Asmat said in less than a week, it has sold over 200,000 seats to Langkawi. It also ready to scale up our operations to meet overwhelming demand. (SunBiz)
PETALING JAYA: When Covid-19 hit New Zealand in March 2020, Malaysian-born Alan Chew, who is a successful entrepreneur there, got a calling to do something for the country that made him what he is today.
Although his educational qualification is in accountancy, he has always been a tech geek with a deep interest in the history of pandemics. This made the 66-year-old technocrat realise that contact tracing was vital in any pandemic.
With his colleague Jeffrey To, Chew burnt the midnight oil to design a prototype Covid-19 tracing technology with the original idea of using QR codes.
“We wanted contact tracing to be adopted rapidly,” he told FMT in a Zoom interview. “With QR code technology, all that is needed is a piece of paper and a mobile phone.
“For me, it was not about money. As the leader of the successful Houston Productivity Solutions, I said, ‘Let’s do something for New Zealand.’
Singapore Govt to reopen borders once 70% of population vaccinated Author: Tan KW | Publish date: Sat, 18 Sep 2021, 10:46 AM
THE government is planning to ease restrictions on foreigners entering the country, possibly within months, once a certain number of its population is fully vaccinated.
Officials though appear to be divided on the number as well as when the border will be reopened.
KL Singapore route used to be expensive and most profitable route.
Many in this AA forum actually do not know how AA earned their money and still think AA is king in the sky ignorance of the fact AA used to be the only low cost airline in South East Asia but no more.
TF holding in AAX is worth zero. Can TF get any bank to lend him money to subscribe his portion of RI?
As investors shared optimism on the future projected returns from the rights issue, a major uncertainty looms. AirAsia has not received the undertaking from its co-founders (and chief executive officer and chairman) Tan Sri Tony Fernandes and Datuk Kamarudin Meranun for their portion of the rights issue.
When it announced the fund raising exercise on Monday (July 12), AirAsia said it intends to secure the undertakings from the duo, who control 26.4% in the company and have the right to subscribe to RM257.27 million or 25.1% of the intended RM1.02 billion fund-raising.
Concurrently, AirAsia also seeks to secure underwriters for half of the rights issue not to be subscribed by the duo – representing RM358.62 million or 35% of the total fund-raising.
Talking nonsense again. AA managed to get airbus to give a price cut and rearrangement of the delivery time of the planes. That is why in the last 10 minutes on last Friday the shares price shoot up once this news was out. If TF is as bankrupt as what the dumb gang here think, airbus will not entertain any of his TF’s request !!!! All indicators show ho say liaw. Get ready . This time it will fly..
Just a question why now TF do not want to do or cannot do what he and Kamarudin did in 2016-17 to inject 1 billion into AA?
This article first appeared in The Edge Financial Daily, on December 2, 2016.
KUALA LUMPUR: AirAsia Bhd’s RM1 billion capital injection from its founders Datuk Kamarudin Meranun and Tan Sri Tony Fernandes through Tune Live Sdn Bhd is now unconditional after receiving Bank Negara Malaysia’s (BNM) approval.
In a statement yesterday, AirAsia said its subscription agreement with Tune Live has become unconditional pursuant to Tune Live receiving its approval from the central bank for its partial offshore funding.
“The funding relates to the proposed issuance and allotment of 559 million new ordinary shares in AirAsia at RM1.80 each,” it said, adding that BNM’s approval was the final condition precedent for the partial offshore funding.
Logically who are you going to believe in, Sslee/some nobody on i3 or David Bonderman? Obviously David Bonderman, billionaire founder of a private equity firm, Harvard Law school graduate etc. He personally chose to invest his own money inside AirAsia so maybe he sees something that we don't in AirAsia.
KUALA LUMPUR (July 21): AirAsia Group Bhd is seeking an extension from Bursa Malaysia to complete the private placement of 198.18 million shares that it has yet to issue.
In a bourse filing, the low-cost carrier said it had submitted an application to Bursa on Monday for an extension of time from Aug 2 up to Dec 31 for the company to implement the private placement.
Who do think we are lol, do you think any of us here manage Tony's personal finances or something? How do you expect us to know his current commitments?
The RM86.81M (USD20.67M) by David Bonderman and several Partners at TPG is small change for them.
In 2008, TPG lost USD1.35 billions in just 5 months.
"Billionaire David Bonderman has been known to find huge profits in scooping up companies on the brink of failure. During the financial crisis, the giant, Seattle-based bank Washington Mutual, or "WaMu," looked like a perfect buying opportunity for Bonderman.
Spearheaded by his renowned investment firm, TPG Capital, investors dumped a total of $7 billion into the bank in April 2008. However, just five months later, the FDIC shut down WaMu and took all its assets, destroying its investment value. Investors lost every dollar they paid, and TPG Capital's own $1.35 billion stake in the bank vanished overnight."
KUALA LUMPUR (July 21): AirAsia Group Bhd is seeking an extension from Bursa Malaysia to complete the private placement of 198.18 million shares that it has yet to issue.
In a bourse filing, the low-cost carrier said it had submitted an application to Bursa on Monday for an extension of time from Aug 2 up to Dec 31 for the company to implement the private placement.
ASEAN Single Aviation Market (ASEAN-SAM) also known as ASEAN Open Sky Agreement/Policy, is the region's major aviation policy has begun since Jan 2015.
With the exception of selected fifth freedom routes, Malaysia's sky is relatively open.
Noticed i3lurker, PSAi3alert and Sslee all post in the exact same counters recently (AirAsia, Serbadk and Insas). Suspicious... Same user with multiple accounts? Almost the same timing as well.
Ha ha ha Ignore the dumb gang Jlee88. No point arguing with the dumb gang. They just pick up one issue out of the many hundreds ones and think they are so smart. What wrong if TF not taking the balance of PP? It is wrong.? We don’t hv access to his privy personal details. Anyway it is his decisions . Looking at all the comments they made here, they are just here to irritate others. Ignore them. Ha ha ha ha
Noticed i3lurker, PSAi3alert and Sslee all post in the exact same counters recently (AirAsia, Serbadk and Insas). Suspicious... Same user with multiple accounts? Almost the same timing as well.
Oh please, all 3 of you are the same person alright. Just look at the comment history lol if that isn't already proof. Exact same views, counters and timing. What are the odds?
Honestly it is really pathetic creating multiple accounts just to reinforce your views.
Jlee88 Oh please, all 3 of you(i3lurker, PSAi3alert, sslee) are the same person alright. Just look at the comment history lol if that isn't already proof. Exact same views, counters and timing. What are the odds? Even going as far as to make "conversations" among each other and agreeing, basically talking to yourself and agreeing with yourself.
Honestly it is really pathetic creating multiple accounts just to reinforce your views.
Jlee88 Oh please, all 3 of you(i3lurker, PSAi3alert, sslee) are the same person alright. Just look at the comment history lol if that isn't already proof. Exact same views, counters and timing. What are the odds? Even going as far as to make "conversations" among each other and agreeing, basically talking to yourself and agreeing with yourself.
Honestly it is really pathetic creating multiple accounts just to reinforce your views.
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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....
Juliana
5,395 posts
Posted by Juliana > 2021-09-17 17:14 | Report Abuse
Rats are coming.