While the Muslims worldwide are going thru fasting in the holy month of Ramadan and will be celebrating Eidul Fitri in 20 days, Tony Fernandes, is grinning from ear to ear and seems to enjoy all the jolly good news of AirAsia-MAS deal. It was totally unexpected (well to most of us) and is akin to Tony Fernandes celebrating Christmas in August.While some counterparts and colleagues have been claiming that I am jumping the gun, saying that I should wait for the fine prints of the 'merger' or deal before making any comments or condemning the exercise. Well, one thing for sure, is that Monopoly power is BAD news for the consumers, it is inefficient, any basic text book, or any economic theories (be it classical or neo) will conform to that view.
It seems that Tony Fernandes indeed has the magic wand, he seems to get what he wants, and whenever he wants it ,anybody in aviation sector (except those in AirAsia) would vouch for that. Ask the airport authorities (KLIAB/MAB), how they have to put up with his antics, and imagine if he is control of MAS as well, it will be double impact ........ ...WoW...devastative,,,that is how I will describe that. So far he seems to be the spoilt and pampered son of Malaysia. as a friend of mine commented, "whatever he demanded of LCCT and routes are pure govt handouts to him!!"....It makes me wonders....is he the only one smiling and laughing all the way to the bank, or does he have any partners in crime......
Ciao..........a.h.baharom
Parah parah bila memikirkan satu persatu benda bakal diswastakan dan ada kaitan dengan kroni...ya Ampooooon
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