BIG DOG
Sources within revealed that Fernandes is not happy with Khazanah
Holdings Bhd’s appointment of veteran GLC executive Jauhari to Malaysia
Airlines’ top job. This is despite getting a very good deal in the what
many see as a lopsided ‘share swap’ and ‘collaboration; where benefits for Malaysia Airlines have yet to be demonstrated.
Not satisfied of getting Malaysia Airlines to cough out RM 18 million
for ’away games’ sponsorship in record time for his own personal
venture in English Premier League Queen’s Park Rangers, Fernandes is
said to want more.
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| (Former IPP CEO and now Malaysia Airlines MD Ahmad Jauhari Yahya) |
Fernandes is synonymous with doing way beyond convention and accepted
best practices is his business attitude and mannerism. In 2005, he
managed to bulldoze his agenda incorporated in the ‘Airline
Rationalisation Plan’ where Malaysia Airlines was made to surrender
prized domestic routes and heavily subsidies rural air services (RAS for
Sabah and Sarawak) in 2006 to AirAsia (using the brand FlyAsiaExpress).
Malaysia Airlines was also prohibited to sell their fares below certain
floor rates or flexible schemes, which was seen as the key success
factor for AirAsia’s acceptance in the market. He also managed to build
the numbers from the subsidised RAS routes, which saw the international
confidence on the new-kid-on-the-block.
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