The Never Ending Story of Mas-AA…
Will the ending of this secretive corporate deal be like this? – Air Asia buys over MAS? No, not even that- its finally give Tony what he has always wanted- own a piece of our national airline. That will make him a Prime Minister in the airline industry. Sometime in the future, the Khazanah people together with CIMB I suppose will lend Tony’s Tune Air a lot of money to mop up the entire shares in Air Asia. Then Air Asia will be injected into a listed vehicle like MAS feeing Tune Air from debt. Tony’s share via Air Asia which will then be injected into MAS will be converted into substantial shareholding in our national carrier. Maybe from 20% to 40 pct.
So let’s go back to retrace our steps. Khazanah and Tony and CIMB takes us through the motion making magic before the public eye. They are allowing Tony and company take up 20% of MAS shares under the pretext that Tony and that accountant Meranun can do their magic for MAS. Stupid MAS’s capitalization is at RM 5 billion while Air Asia stands at RM 11 billion. So how can MAS with a shotgun compete with Air Asia which has a rocket launcher? Air Asia is fully loaded firing live ammunition while MAS fires blanks.
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