MAS/Air-Asia deal set for collapse?

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MAS/Air-Asia deal set for collapse?

MAS/Air-Asia deal set for collapse?

Monday, March 12, 2012
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Azman (left) and Rashdan are major players in the entire episode.

KUALA LUMPUR: A blogger has written in support of a call that the controversial share swap between Malaysia Airlines and AirAsia that was announced last August be aborted.

 

The main reason offered by Another Brick in the Wall is that the deal has thus far not shown anything favourable to the national carrier. On the contrary the blogger suspects that eventually the party that will benefit from the alliance through various means will be AirAsia.

 

Apart from quoting an Utusan Malaysia report on the same, the blogger is also critical of the MAS management, both past and present, to the effect of saying that the airline's people at the top are clueless and may have made decisions that will drag the airline further down the abyss.

 

Others picked out for criticisms include Khazanah boss Tan Sri Azman Mokhtar and the No. 2 in MAS, Rashdan Yusof. Both incidentally were founding members of Binafikir Sdn. Bhd., which was involved in consultancy work on matters concerning MAS some years ago.

 

Read more HERE.