Blogger Big Dog calls the MAS-AirAsia share swap "bleak nine months in Malaysia Airlines' 65 years history".
Khazanah Holdings Bhd. will take back the 20.5% shares swapped with AirAsia’s 10% (via Tune Air). It is also expected there would be changes in the board of directors of the two companies where Tony Fernandes and Kamaruddin Meranun would be expected to leave, as their interest in Malaysia Airlines would no longer be valid.
The CCF, is expected to be continued. The terms of the CCF would expected to be on the usual commercial basis. The objective for the CCF is for both airlines to synergise and to achieve the economies of scale, in preparation of the ASEAN Open Sky policy which comes to force in 2015. A lot of areas of mutual interest and benefit to both airlines, could be forged and worked together.
Definitely, Malaysia Airlines tend to gain the most as it has the mature facilities and advantage. An example is the Malaysia Airlines engineering facility, which could cater the maintenance, repair and overhaul (MRO) needs for both airlines. The combined fleet of over 200 aircrafts, could provide the MRO facility to be more competitive and more importantly, efficient.
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