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Old January 8th, 2006, 07:36 PM   #321
hkskyline
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Malaysia Airlines to shift headquarters, building on sale: report

KUALA LUMPUR, Jan 7 (AFP) - Loss-making national carrier Malaysia Airlines will move out of its landmark headquarters in the capital, heightening speculation that it will sell the building, a report said Saturday.

A memo issued by new managing director Idris Jala said the shift was aimed at "managing costs" and "streamlining operations," the New Straits Times newspaper reported.

Idris wants Malaysia Airlines operations to be concentrated in two main areas -- Subang, just west of Kuala Lumpur, and at Kuala Lumpur International Airport, south of the capital -- it said.

A Malaysia Airlines official declined to comment on the report.

The bulk of airline's staff numbering a few hundred in the 35-storey building Kuala Lumpur's prime business area would move to Subang.

But the airline would continue to maintain its ticketing and other related services in the building, it said.

Malaysia Airlines staff would be moved in two phases, the first from this month to March and the next in June.

Last month, the carrier came under fire from the upper house of parliament after it proposed to sell the building to raise funds and trim losses for the airline.

The national carrier ended 2005 in a troubled state after posting two consecutive quarters of losses and facing calls for costs to be slashed and better contingency plans made for rising fuel prices.

Last month Malaysian Premier Abdullah Ahmad Badawi said the government was willing to extend loans to Malaysia Airlines to help it return to profitability, but ruled out a bail-out.

The government owns at least 69.3 percent of the airline through the state investment arm Khazanah Nasional. The government has bailed out the ailing airline in the past.

In 2001, following allegations of mismanagement, the government controversially bought then-chairman Tajudin Ramli's stake in the carrier for more than twice the market value, a move followed by a restructuring exercise.
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Old January 9th, 2006, 02:01 AM   #322
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Malaysia's AirAsia Nov Passenger Traffic Up 44% On Yr
6 January 2006

KUALA LUMPUR (Dow Jones)--Malaysia's AirAsia Bhd. Friday said it carried 44% more passengers in November compared with a year earlier, due mostly to contributions from its fledgling Indonesian operations.

The airline - Southeast Asia's biggest low-cost carrier in fleet size terms - carried a total of 738,915 passengers in November, AirAsia said in a statement.

AirAsia's 49%-owned associate PT Indonesia AirAsia carried 108,524 passengers in November, less than a year after AirAsia bought into the company.

AirAsia's 100%-owned Malaysian operations carried 451,127 passengers in November, up 22% on year.

Traffic in November may have also been boosted by increased travel during the Hindu Deepavali and Muslim Hari Raya Puasa holidays in Malaysia, analysts said.

Its 49%-owned Thai AirAsia associate carried 25% more passengers at 179,264.

Analysts expect AirAsia's traffic to continue rising steeply in 2006 as it receives the new Airbus 320 planes it has bought. Each A320 can carry about 27% more passengers than AirAsia's existing Boeing 737 planes.

AirAsia has bought 60 new A320s and has the right to buy another 40 such planes. So far, two new A320s have been delivered, and one new plane will be delivered every month this year.
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Old January 11th, 2006, 06:36 PM   #323
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OH NOOoo...They are selling itttttt,
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Old January 11th, 2006, 06:55 PM   #324
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Can you show me the picture of it?? I wanna see. Thanks.

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Old January 12th, 2006, 04:53 AM   #325
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Thursday January 12, 9:00 AM
MALAYSIA PRESS: Malaysian Air To Have MYR1B Loss In FY05

KUALA LUMPUR (Dow Jones)--Malaysian Airline System Bhd. (3786.KU) suffered a MYR1 billion loss in the financial year ended Dec. 31, and will incur another MYR1.2 billion of losses in 2006, the New Straits Times says, citing company officials.

The paper also reports the airline has come up with a turnaround plan focused on improving cash-flow, generating positive returns and getting its people to be more efficient.

In the first two financial quarters of the year ended Dec. 31, Malaysian Air suffered total losses of MYR648.4 million. Due to a change in its financial year-end to Dec. 31 from March 31, the airline will only have three quarters in the financial year ended Dec. 31. Results for the final quarter of the financial year ended Dec. 31 will be reported by Feb. 28.

"Further revisions will be made before the final plan is presented to the prime minister," an unnamed airline official is quoted as saying. The airline's newly-appointed managing director, Idris Jala, had previously said the turnaround plan will be presented to the government - which owns 69% of Malaysian Air - in February.

Under the plan, Malaysian Air will sell assets to raise MYR1.6 billion to MYR1.8 billion,, and enhance revenue by MYR500 million to MYR1 billion through price management, fuel surcharges and other marketing efforts.

Some MYR350 million to MYR680 million of cost cuts are also planned, the paper says.
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Old January 14th, 2006, 03:23 PM   #326
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Behold the AirAsia - Manchester United livery on Air Asia's third A320 due to be delivered end of the month !!!! all i can say is ...wow !!!

http://www.jetphotos.net/viewphoto.php?id=5659841
http://www.jetphotos.net/viewphoto.php?id=5659964
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Old January 16th, 2006, 11:49 AM   #327
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MAS HQ - many interested but no sale decision yet
By Isabelle Francis, 16 Jan 2006 12:55 PM
theedgedaily

Malaysian Airline System Bhd's (MAS) property agents are talking to a lot of interested parties wanting to buy its head office building in Jalan Sultan Ismail, but no decision has been finalised to sell it or any other assets, MAS managing director Idris Jala said.

He said the national carrier was still considering all its options apart from selling its assets to raise funds under its turnaround plan.

Denying that MAS had decided on the sale of any of its assets, he told FinancialDaily that there was nothing “conclusive” yet, and “we are still looking at the best options to raise funds and there are still a lot of other options (besides selling them)”.

He was responding to a news report last Friday that MAS had offered the 35-storey head office building for sale under a closed tender with a reserve price of RM130 million. According to the report, the closing date of the tender is Feb 28.

Unable to say how much MAS is looking at to raise from the disposal of properties, Idris reiterated that the final decision on the matter would be announced along with the turnaround plan on Feb 27.

Idris expressed his concern about “a lot of reports made out there quoting anonymous sources” that were not official statements from the company.

'Nome of the information was volatile. I didn’t know that Feb 28 is the submission date.

'I know that the appointed property agents are talking to a lot of interested people (investors), just wait. On Feb 27, we will tell the whole world about it,” Idris said.
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Old January 18th, 2006, 06:16 PM   #328
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AirAsia gains access to 50,000 travel agents worldwide
By Alfean Hardy, 18 Jan 2006 9:52 PM




From left: AirAsia Bhd executive vice president, commercial Kathleen Tan;
AirAsia Bhd deputy Group CEO Kamarudin Meranun; Cendant Travel
Distribution Services managing director Airline Services Asia Pacific Brad
Holman and Cendant Travel Distribution Services director, Airline Services
Asia Pacific Sally Newnham



AirAsia Bhd, which plans to access newer markets, expects a 10% -15% rise in ticketing transactions this year after a strategic alliance with a global distribution system now used by 50,000 tour agencies in 151 countries.

AirAsia on Jan 18 sealed an agreement in its collaboration with Galileo International to offer its flights on Galileo's global distribution system (GDS) platform, Galileo Flight Integrator (GFI).

AirAsia executive vice president, commercial, Kathleen Tan said the strategic move would allow AirAsia to tap into markets whose potential had not been fully tapped.

“Up to now, travel agents have had limited access to AirAsia. Also, a large segment of the global market prefers to use travel agents to make bookings.

"With GFI, we’re offering a neat solution for travel agents who can provide more innovative packages for their customers through Galileo.

“With access to more than 50,000 travel agents, we can expand our reach to a wider audience, gain access to a global market and allow us to be in markets where we are not represented,” she added, citing markets like Korea, Japan, Europe and North America.

Tan said the tie-up with GFI also allowed AirAsia to venture into the corporate block booking market, which traditionally preferred to book its flights through travel agents.

AirAsia deputy group chief executive officer Kamaruddin Meranun said AirAsia had missed out on the corporate traveller and the travel agent booking markets with the direct sale system.

On a separate matter, he said AirAsia was in negotiations with "four or five" countries to expand its routes. "We are always exploring possibilities of exploring our hub but at the current time it is too premature to say.”

He also said it was in talks with Malaysia Airports Holdings Bhd (MAHB) on airport tariff rates and the move to the soon-to-be completed Low Cost Carrier terminal, with decisions to be made by March.

“The new terminal should be ready by March and a move there depends on whether we can finalise the commercial terms. Hopefully, we can settle all the details because it must make sense for us to move, commercially."

He hoped that MAHB would offer a lower rate than the current airport tax of RM45. “After all it’s called a ‘low cost terminal’. They (MAHB) are asking for an increase to RM65 (for KLIA main terminal).”
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Old January 19th, 2006, 10:57 AM   #329
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MAS tops new business class in Traveler survey

By JOHAN FERNANDEZ
[email protected]

NEW YORK: Malaysia Airlines may be facing a host of management problems on the ground, but where it matters up there, it is still one of the best airlines in the world.

At the Global Traveler annual awards presentation here on Tuesday, MAS won the award for the best new business class airline for 2005.

Air France came in second in this category, followed by Air New Zealand.

MAS maintained its position as the eighth best airline in the world, third best onboard service, and fourth best transatlantic airline.

Last year, MAS introduced a total cabin redesign for its fleet of 32 Boeing B747-400 and B777-200 aircraft.

New seats, entertainment systems, cuisine, decor, lighting, business amenities and lavatories were included in the RM685mil makeover.

Nearly 5,000 Global Traveler readers, who fly at least 42 round trips a year, took part in the comprehensive survey covering all major airlines.

In the airport category, KLIA was voted the third best, up two notches from 2004. First was Singapore’s Changi with South Korea’s Incheon coming in second.

In Kuala Lumpur, Clara Chooi reports that UK-based Travel Weekly magazine voted MAS the “Best Airline To Asia”.

In the magazine’s 2006 Travel Weekly Globe Awards Polls, the national carrier beat five other nominees from Asia, Europe and the Middle East to clinch the accolade.

Voting was done by travel agents and the votes were collated and audited by data analyst AC Nielsen.

“This recognition by Travel Weekly is testimony to the superiority of our enhanced product and service standards,” said MAS managing director Idris Jala in a press release.
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Old January 19th, 2006, 01:58 PM   #330
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AirAsia appeals for lower airport tax
By KANG SIEW LI
January 19 2006

BUDGET carrier AirAsia Bhd said it has requested Malaysia Airports Holdings Bhd (MAHB) to lower airport departure taxes on passengers departing from the soon-to-be-opened low-cost carrier (LCC) terminal in Sepang.

AirAsia deputy group chief executive officer Kamarudin Meranun however said nothing has been finalised.

"We've done a study and we've submitted a proposed airport tax rate (to MAHB), in comparison with other LCC terminals. The decision is up to them (MAHB to approve)," he told reporters after the launch of AirAsia and Galileo's flight integrator in Kuala Lumpur yesterday.

Also present at the event was Airline Services Asia Pacific's Cendant Travel Distribution Services managing director Brad Holman.

The rate of reduction asked for was not mentioned but he said it is lower than RM45. MAHB officials declined comment when contacted.

Kamarudin expects a decision by March this year, the time when AirAsia will be relocated from the KL International Airport (KLIA) main terminal building to the LCC terminal.

AirAsia's request was made at a time when MAHB itself wants to raise airport taxes from the current RM45 for international passengers and RM6 for domestic departures. It is now awaiting approval from the Government.

"They (MAHB) have asked to raise the international airport tax to RM65 from RM45.

"But I hope we are not affected because it will not make sense," said Kamarudin.

He also believe that MAHB will be able to recover its costs through the volume of passengers passing through the LCC terminal as opposed to charging higher airport taxes.

Hwang-DBS Vickers Research Sdn Bhd senior analyst Wong Ming Tek estimates that a RM20 increase in airport tax to RM65 can raise MAHB's net profit forecast for financial year 2006 by 65 per cent.

On the rationalisation programme for the domestic aviation industry, Kamarudin said only the Government can make the announcement.

Meanwhile, AirAsia executive vice-president (commercial) Kathleen Tan said the carrier expects a 10 per cent to 15 per cent growth in revenue this year, from its collaboration with Galileo International.

"This partnership with Galileo International will enable us to serve an even larger and wider network of markets, not previously catered for. This strategic move allows us to be more accessible," she said.
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Old January 20th, 2006, 12:53 PM   #331
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Spring Airlines flies new routes with Air Asia
19-01-2006


Spring Airlines, China's first low-cost carrier, has partnered with Malaysia-based Air Asia, Asia's biggest budget airlines, to upgrade and expand its services, the Shanghai-based company announced yesterday.

Spring also said it expects to break even in April after a third A320 aircraft arrived yesterday that will be used to fly new routes and add capacity to current routes.

"The airlines has started cooperation with Air Asia to develop new routes and projects," said Wang Zhenghua, chairman of Spring, which is a subsidiary of the Shanghai-based private travel agency Spring International Travel Services Co.

Spring will operate three round-trip flights from Shanghai to Xiamen and to Jinan starting tomorrow as a way to feed passengers to the southeastern city, where Air Asia operates flights to Southeast Asia, Wang said.

"We hope to use Xiamen as a transfer hub and open more flights from major provincial cities that don't have direct links to Southeast Asia," Wang said, admitting the Jinan-Xiamen service may not be profitable in its early stage.

The carrier's third plane will be used on the Shanghai-Xiamen-Jinan route and also fly from Shanghai to Zhuhai, Tianjin, Wenzhou, Nanchang and Kunming, the airlines said.

Spring which is expecting another two aircraft within this year, predicted it will break even in April when travel peaks starts and a series of technical investments helps cut operational costs.

The carrier has been losing 2 million yuan (US$250,000) a month, except for its first month of operation, since it started service on July 18, Wang said.

To help improve customer service, the carrier said some passengers will be able to print out electronic tickets at home and select seats through its Website starting February 1.

It hopes to use electronic ticketing on all before the end of this year.

"Passengers will be able print out boarding passes at terminal computers by keying in their identity card number and ticket-booking code before the middle of the year," said Wang. "They will no longer have to go to the ticket counter. "Savings in each link of the chain mean lower costs for us in the future."
Source:Shanghai Daily
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Old January 21st, 2006, 03:10 AM   #332
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Malaysian Airlines hikes fuel surcharges for some Asian routes
20 January 2006

KUALA LUMPUR, Malaysia (AP) - National carrier Malaysia Airlines said Friday it will sharply raise fuel surcharges for North Asian and South Asian routes from Feb. 1 as it tries to return to profitability after two straight quarters of losses.

The surcharge will be hiked to US$50 (€43) one-way, up from US$18 (€15) currently, said the airline, which operates Southeast Asia's biggest passenger plane fleet with about 100 aircraft.

Destinations affected by the surcharge increase include India, Pakistan, Bangladesh, Sri Lanka, Maldives, China, Hong Kong and South Korea, it said in a statement.

The move comes amid stubbornly high global oil prices.

The airline said it "has been taking measures to mitigate this (fuel cost) rise by streamlining and matching fuel surcharge rates in line with other airlines."

"With this streamlining and standardizing exercise, which is in line with industry practices, Malaysia Airlines will continue to remain competitive," it said.

It said it also will introduce an administrative charge of US$7 (€6) for international routes and US$3.70 (€3.2) for regional flights from Feb. 1. In addition, insurance charges for all routes will be quadrupled to US$5 (€4.3), it said.

It didn't say how much the new charges would boost its bottom line. Airline officials were not immediately available for comment.

Malaysia Airlines has posted cumulative losses of 648.4 million ringgit (US$173 million; €148 million) in the two most recent quarters, and has warned a turnaround won't happen soon.

Local reports said the carrier is planning to sell most of its local and overseas properties, including its headquarters in Kuala Lumpur, to raise funds.

It is expected to submit a turnaround plan next month to the government, which owns 69 percent of the airline. Prime Minister Abdullah Ahmad Badawi has said the government is willing to give financial aid to the carrier but it should not be construed as a handout.
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Old January 21st, 2006, 10:22 AM   #333
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Your prime minister isn’t seriously called Datuk Seri Abdullah Ahmad Badawi is he?

And your flight attendants don’t really wear headscarfs do they?
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Old January 21st, 2006, 10:30 AM   #334
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Quote:
Originally Posted by Stacy K
Your prime minister isn’t seriously called Datuk Seri Abdullah Ahmad Badawi is he?

And your flight attendants don’t really wear headscarfs do they?

errhhmm...what's your point of saying all that ?
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Old January 21st, 2006, 02:34 PM   #335
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Quote:
Originally Posted by Stacy K
Your prime minister isn’t seriously called Datuk Seri Abdullah Ahmad Badawi is he?
no, Datuk Seri is only a honorary level awarded by the head of state to person contributing to a nation progress...so the PM name in identity card is Abdullah Ahmad Badawi

Quote:
Originally Posted by Stacy K
And your flight attendants don’t really wear headscarfs do they?
no, except in special Hajj flights..but in normal operation they dont wear scarf...
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Old January 21st, 2006, 03:02 PM   #336
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Quote:
Originally Posted by aen
errhhmm...what's your point of saying all that ?
aen, such statement coming out from an ignorant is simply best left ignored...
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Old January 21st, 2006, 06:16 PM   #337
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Old January 28th, 2006, 08:22 AM   #338
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Finance chief quits Malaysian Airline

KUALA LUMPUR, Jan 27 (Reuters) - The finance chief of Malaysian Airline System (MAS) said on Friday he has resigned in a further shake-up at the struggling carrier.

"Today is my last day," Low Chee Teng, 53, told Reuters, adding that he was on leave prior to his departure on Feb. 1.

Low, who was with the airline for 28 years, was chief financial officer for the last three years.

He said he will be succeeded by Tengku Azmil Zahruddin Raja Aziz, currently an executive director at the airline.

State-controlled MAS has put in place wide-ranging measures to cut costs and boost revenue following losses that led to the departure of its managing director, Ahmad Fuaad Dahlan, barely a year into the job.

In November, it reported a net loss of 368 million ringgit ($98.1 million) for the second quarter, blaming higher fuel costs and lower yields.

It has since said it was likely to lose money for a third straight quarter and was counting on a new chief executive, Idris Jala, and a five-year plan, to turn it around.

The government has said it was prepared to support the carrier with a loan.

The government, through various state entities, owns about 92 percent of the airline, which includes a 69.3 percent stake held indirectly by state investment arm Khazanah Nasional.

Malaysian Airline shares closed down 0.34 percent at 2.89 ringgit on Friday. The stock has fallen 33 percent for the past 12 months.
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Old January 31st, 2006, 02:26 PM   #339
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Decision on airport tax for LCCs by March
Updated : 26-01-2006
Media : The Edge
Story By : Isabelle Francis


A decision on the proposal to have a lower airport tax at the Low-Cost Carrier (LCC) terminal at the Kuala Lumpur International Airport (KLIA) should be made before the terminal opens, said Transport Minister Datuk Seri Chan Kong Choy.

¡§No final decision (yet). It's a very complex issue as it deals with many airlines.They (LCCs) have been talking to MAHB (Malaysia Airports Holdings Bhd).

"Any decision should be made before the LCC terminal opens, he told reporters at DHL's launch of its latest gateway in Subang on Jan 26. The LCC terminal is scheduled to open in March.

It has been reported that AirAsia was in talks with MAHB on airport tariff rates and a decision is to be made by March.

Air Asia is hoping MAHB would offer a lower rate than the current airport tax of RM45. MAHB was reported to have wanted an increase to RM65 for the KLIA main terminal.

In 2002, the tax was raised to RM45 from RM40 for international passengers and RM6 from RM5 for domestic departures.

It was also reported that MAHB had asked for an increase in landing, parking and aerobridge charges. Landing and parking charges were last raised in 1982.
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Old February 1st, 2006, 06:17 AM   #340
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Malaysia Airlines adopts "whistle-blower" policy

KUALA LUMPUR, Feb 1, 2006 (AFP) - Malaysia Airlines has invited employees to report corruption, security risks and other bad practices at the national carrier under a new "whistle-blower" policy, a report said Wednesday.

The airline's new managing director Idris Jala has encouraged employees to report any knowledge of graft, negligence, safety and security issues or abuse of power to an independent committee, the New Straits Times said.

"This policy is being introduced to provide a safe and acceptable way for you to raise your concerns about malpractice affecting MAS without fear or repercussions," he said in a circular quoted by the daily.

"It allows you to raise matters in an independent and unbiased manner," said Idris, who took over at the loss-making airline last December.

Idris said employees would not be expected to prove their allegations, and vowed to protect those who passed on information.

"Any attempt to retaliate against, victimise or intimidate a whistle-blower making a good-faith report is a serious violation and shall be dealt with by way of disciplinary action," he said.

Idris has been tasked with turning around the airline, which ended 2005 in a troubled state after two consecutive quarters of losses which triggered calls for costs to be slashed.

He is expected to detail a restructuring plan this month aimed at taking the carrier out of the red.
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