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 Capital A Berhad /AirAsia (5099), Asia's largest LCC group

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Kelapa Sawit
post Jul 8 2020, 06:18 PM

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36 posts

Joined: Dec 2019
QUOTE(Boon3 @ Jul 8 2020, 05:24 PM)
Cos boss 1 and boss 2 each owns for than 30% shares of AA.
Adding it up, they owned more than 60%.
Bailing the company out is like bailing them out.

Less not forget how boss 1 and boss 2 shareholding got so big. They did a 30% placement of new shares to THEMSELVES...
Then started AA on its sale and leaseback.
The money from the sale of planes is supposed to be a safety net but instead they gave out huge dividends which benefited boss 1 and boss 2 since they got a huge chunk of new shares..
Now company is so asset light...
And burning cash so fast...

All the main problem stems from boss 1 and boss 2 piss poor management...
You seriously think they should be bailed out?

I don't.
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You cannot add them up.

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



 

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