MAS is GLC, AA is public listed (privately own), and government is using tax money, they must go through parliament sitting to approve it, must not simply approve by PM and FM.

who dare to place the money which is going to lost about 3.2 billions this year, EPF already cabut long ago.

LOL. Who knows. Maybe boss 1 got die hard fansi?

Anyway, yeah now is different and it's gonna be tough to get financing and this is the bosses fault for adapting the asset light strategy by selling their planes...

SIA got the backing from Temasek, Temasek will undertake the right issues if anybody does not want to subscribe it. Meanwhile Airasia is privately owned and u think Tony able to undertake the right issue?

The way i see Airasia need RM1-2bil to stay afloat, probably by mixture of right issue/private placement and hopefully government loan.

right... AA, a private co. is surely looking at... GOMEN!!

can also persuade gomen to armtwist eeepf or kazanar to lend la...

everyone know 1emdeebee methods.

Of course government will charge interest, maybe 4-5%? Government on the other hand provide SME with SRF with 3.75%, now with this covid-19 airline company also need help, this is not mismanagement by AA, more like macro environment which out of their control.

You cannot add them up.

33% is owned by Tune. Tune is jointly owned by Both Tony F and Kamarudin.

Right issue soon I guess

You got half a point la but AA mismanagement stinks like hell....

How did AA got so big? Borrow, buy planes, use cash flow to pay finance cost and then borrow again.... They used debts to build the company up.
They kept on buying new planes, they kept on borrowing .....

A well managed company would know this, right?

A well managed company would know that they cannot be so greedy and borrow and buy new planes like peanuts, right?

So today. What's their problem?

Have they buy too many airplanes? Yes, yes, yes! Look at the back order for new planes! It's over 110 Billion la.
AA is committed to buy 110 Billion worth of new airplanes.

Why did AA got so greedy buying new planes?
Aha.... I puked here...



Cos I start to recall the USD50million bribery paid by Airbus.

What if that's part of the reason why AA placed such a huge order of over 200 new planes in 2012 (when their existing order of planes were already over 100 planes (pls check exact figures)) ??

Look at it the company now....

whose fault?

Covid 19 only exposed AA to the world that it was swimming naked la... ie... it showed everyone that it's such a badly managed company.

If they were well managed, the money from the sale and leaseback of their planes, would solved all problems, no?
Instead, we know what happened to those money....


Let this company fail laaaa.... cannot meh?

Oh, if wrong.... thanks for correcting.

u described it v well...


executive summary:

a mischievous even devilish child played it to the limit, had great fun, had a wonderful time with his friends.

at the back of his mind, he knows a proven godfather known to help all kinds of rascals.

now, this kid got into trouble... and is looking at the godfather with wet eyes... sob... sob...

do u think the kid will get help or not?!

My devilish thought is this....

Let boss 1 and boss 2 take up a new placement of 30% new shares... just like a couple years ago.


Last time they issue placement of new shares to themselves ma.. then AA started give out those dividends...

So isn't it fair?



walauehhhh... sky also not dark and I am dreaming and talking in my sleep already....

If gomen could spent over RM 8bn and RM 800m p.a in last few years on zombie Malaysia airlines; for certain, the gomen could spare RM 2bn to bail out air Asia.

Like all bailout, existing shareholders will be diluted. Khazanah could offload it's holding in open market later and gradually.

no fire w/o smoke.

Any selling of assets will definitely take time, unless there been planned negotiation from earlier on or they willing to sell on cheap.

Wow I read every post from page 1
-.-

1MDB is backed by assets despite all the negative propoganda. AirAsia doesn't even own a single plane (or already sold off most of it) !

That one line -> Deliberations on the planned rights issue and stake sales are still ongoing and AirAsia may decide not to proceed, said the people.

That's really the lifeline and some of us talked about the possibility of rights issue in this thread itself. However. that above line is rather suggesting in my opinion. Why wouldn't AirAsia would decide not to proceed? My simple guess? Boss 1 and Boss 2 due to the size of their shareholding might not want to forking out their own money to save AirAsia. Rather telling isn't it?

Castle in the air assets.

Didn't know bandar malaysia and TRX can float