data is as of 1st quarter 2011
Airasia
|
Mas
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Share increase better than MAS
|
an asset backed corporation
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paid up capital stands RM 2.76
billion with RM 54 billion as Capital Commitments.
|
paid up stands at RM 3.384 billion n a fixed asset
value of RM 8.4 billion: net asset is at RM 6.962 billion, where cash
constitute RM 2.086 billion (an asset backed corporation)
|
debts 7.7 billion with cash balances 1.7billion
(when its capital commitment is 19 billion)
cash trove raised 6 fold from approximately 300
million to 1.7 billion but its debts skyrocketed from 1.05 billion in 2006 to
7.7 billion in 2010, an increase of 700% in 4 years’ time.
|
..
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owed Malaysia Airports over RM 65 million. Not yet
paid to the government. cannibalizes the government subsidies. when Air Asia
FAKS gave up Rural Air Services (RAS) PREMATURELY, Khazanah did not demand
for the return of the subsidy of RM65 million from FAKS. Khazanah did not
demand for the payment of RM35 million, which was incurred by MAS to make the
7 aircraft airworthy for RAS, from Air Asia FAKS
|
prohibited to lower down its fair. MAS were not
allowed to compete with Air Asia because of its different class and
capabilities. Tony was quick to protest of MAS plan to start their own low
cost carrier as it would not be fair to Air Asia.
|
annual turnover only about RM1.1 billion and annual
operating turnover is RM 3.948 billion
|
annual operating turnover is RM 12.98 billion
|
operating revenue from airline operation is at RM
2.839 billion.
|
operating revenue from airline operation is at RM
11.649 billion
|
For the second quarter ended June 2010, Air Asia
posted a net income of RM198.93 million
|
MAS suffered a net loss of RM532.73 million.
|
Tony become the single biggest shareholder in MAS
with 20.5%
|
Through Khazanah(GLC), hold only 10% share in Air
Asia
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make so much net money in shorter time
|
bigger network, higher standard of service, three times
more operating revenue, stronger assets, lesser debts, more cash and better
paymaster track record
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