TAWAU: Member of parliament Datuk Chua Soon Bui questiened how long and how much more could the government afford to continue subsidizing AirAsia and MASwings.
Chua said in a short span from 2008 to 2010, the government through the Ministry of Transport, had subsidized RM400 million for its Rural Air Seivices (RAS) in Sabah and Sarawak.
Showing posts with label AirAsia. Show all posts
Showing posts with label AirAsia. Show all posts
Wednesday, 9 November 2011
Wednesday, 17 August 2011
Air Asia - MAS share swap deal - Is it win-win for the people?
It took everyone by surprise when a share swap deal was announced between Khazanah Nasional Bhd and Tune Air Sdn Bhd. Under this deal, Tune Air, holding company of AirAsia, will own 20.2% shares of MAS, whereas Kazanah will have a 10% stake in AirAsia. Before the share swap (presently), Khazanah owns 69% of MAS, which will be diluted to 49%, post-share swap. The deal came about when Tan Sri Azman Mokhtar and AirAsia’s group CEO Tan Sri Tony Fernandes had a long chat on a flight to the US a few months ago.
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