Sunday, June 17, 2012

Tony Fernandes Says He's Relieved

AirAsia boss Tony Fernandes implied in an interview published on Friday that he was glad the MAS-AirAsia tie-up was unknotted. With a straight face, he described the collapse as a relief that will free him up to focus on his fast-growing budget carrier. “I was off blood pressure pills as soon as the swap was off. I’m serious,” he said.

Yeah, rite… why did he go into the deal in the first place – if not to feed his ego and milk MAS as much as he could? He is so smooth-tongued, smug and spurious; this man who has a sanctimonious attitude about him. That’s Fernandes alright!

Last Friday, Media Prima – Radio Station CEO, Seelan Paul came to Sunway University to give a talk to students and staff – there were seven SUBS faculty members who came by at the Graduate Center Hall 2. I must say it was really interesting and even the Q&A session saw active participation. A few photos to capture this one-hour dialogue:

And immediately after that, the seven of us plus others were at Sunway Pyramid to host a farewell lunch for two staff members who will be leaving us soon, i.e. Esther Wang and Ann-Marie. And of course, more photos:


Glam said...

I can think of a few reasons why he went into the deal in the first place.

1. He may have been ‘requested to’ by the powers that be and acquiesced knowing that they effectively control the regulatory environment for the aviation industry and MAB have made his life miserable in the past, and;
2. He is a business man, so he ought to make money from the deal. It would also make a change from the other big cronies of BN who have been milking the system for years, no names mentioned! Genting, Berjaya, spring to mind.
3. He may have been able to turn it around at he did with Air Asia and save many jobs. As it is MAS is on the road to nowhere with the current ‘ineffectuals’ at the helm.

It’s no wonder he is breathing a sigh of relief, who in their right mind would want to take over a company with the kind of civil service mentality that MAS has and one where his hands are effectively tied in trying to do anything. I am all for responsible business, etc. but entering into this kind of deal was suicidal if not idiotic.

Ann Marie

Via Email dated June 18, 2012, 10:21 AM.

Glam said...

Would such an agreement be in violation of the newly minted Competition Act 2010?

For details on the Act:

Via Email from Paul Linus Andrews dated 18 June 2012, 10:45 AM.