Join politics if you want to swindle people’s money, miffed netizens tell AirAsia X
WITH the Malaysian Aviation Commission (MAVCOM) instructing AirAsia X to reimburse its customers for the air ticket purchased, the public took to social media to laud the agency and took the budget airliner to task.
Another netizen, Zulkafli Yusof reminded AirAsia X that travelers using the latter’s services are not wealthy and the budget airliner must return the money the soonest.
“The passenger is not rich people that why they take low cost flight. Air Asia must return their money.”
AirAsia X, which had not been doing well even before the COVID-19 crisis, restructured its debt with creditors in August last year as local and international border closures devastated the aviation industry.
Its sister company, AirAsia Group Bhd, also had to restructure its outstanding new fleet orders with Airbus, with reports saying the two reaching a deal in September.
AirAsia X has been receiving brickbats from its customers since then for failing to reimburse their ticket payment, repaying them only 0.5% of the ticket value instead.
In September, Air Asia CEO Tan Sri Tony Fernandes drew public ire after purchasing a new Tesla Model Y and posted its picture on social media, with the public saying “this is where their refund money went”.
Yesterday, MAVCOM called on AirAsia X to reassess its proposal to treat its customers as creditors and urged the airliner to provide refunds to them.
“If AAX fails to reimburse the affected air travel consumers accordingly, MAVCOM will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 771),” the civil aviation regulator said in a statement.
Will MAVCOM really act?
However, several users were not confident that MAVCOM will act decisively against Air Asia X, citing their personal experience with the agency.
However, user Syed Ahmad Syed Tahir told MAVCOM not to drag its feet on the matter and impose a deadline on AirAsia X.
“Warning is not enough. Give them deadline to refund or else take action to justify you as regulator!” the user demanded. – Nov 13, 2021
“If AAX fails to reimburse the affected air travel consumers accordingly, MAVCOM will not hesitate to exercise its powers under the Malaysian Aviation Commission Act 2015 (Act 771),” the civil aviation regulator said in a statement.
Will MAVCOM really act?
However, several users were not confident that MAVCOM will act decisively against Air Asia X, citing their personal experience with the agency.
However, user Syed Ahmad Syed Tahir told MAVCOM not to drag its feet on the matter and impose a deadline on AirAsia X.
“Warning is not enough. Give them deadline to refund or else take action to justify you as regulator!” the user demanded. – Nov 13, 2021
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kt notes:
It's not that MavCom won't or can't act - it's the eff-ing "Godfather" who may/might not allow MavCom to act.
RM30 billion of taxpayers money to bailout MAS multiple times since the 90s, all during the time when BN was gomen, Toonsie 1.0, Badawi and Jibby were PM and Transport Ministers all coming from MCA.
ReplyDeleteSince inception Air Asia did not ask or receive a single sen from taxpayers. But they were financially successful.
Give Air Asia a bailout too. Otherwise MAS will have monopoly again. Wee KHAT Siong was so concerned about protecting Malay-sian jobs in shipping, insist on Cabotage Policy, how about protecting thousands of Air Asia jobs?
Mana Keluarga Malay-sia?
aiseh you must have shares in AA, wakakaka
DeleteI have contributed to the 30 billion bailout through my taxes...ha ha ha...have you...?
Deletelong long before you did, punk, wakakaka
DeleteTengku Zafrul is soooo STOOPID, and he thinks Malay-sians are STOOOPID too. Well, I dunno about KT but ayam not.
ReplyDeleteLast year Tengku Zafrul proudly claimed MoF will not bail out MAS. It will be up to Khazanah, the sole shareholder of MAS to do so. But Khazanah comes under the administration of Ministry of Finance, of which he is Minister. And he himself is a Director of Khazanah. So who is he trying to TIPU?
So the gomen bailed out MAS-lah, using taxpayer's money. When the pandemic struck MAS used taxpayer's money to refund their customers who had paid for flight tickets.
But how about Air Asia's customers? Don't they deserve a fair refund too?
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Up to Khazanah to sort out Malaysia Airlines' quandary, Zafrul says
Thursday, 08 Oct 2020
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has reiterated that the government will not pump in any more fund into Malaysia Airlines Bhd (MAB) and it is purely up to its sole owner, Khazanah Nasional Bhd to sort it out.
"We have consistently said that this is the matter where Khazanah have to involve.
"The Ministry of Finance (MoF) will not be injecting any (more) cash or capital into the airline through Khazanah... so Khazanah (as the sole owner) will have to undertake their own exercise to ensure the survival of Malaysia Airlines, ” he said on the BFM Radio’s Breakfast Grille programme on Thursday.
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Khazanah Nasional to inject RM3.6b in Malaysia Airlines after UK Court approves the airline's RM16b restructuring plan
Ahmad Naqib Idris
theedgemarkets.com
February 22, 2021
KUALA LUMPUR (Feb 22): Khazanah Nasional Bhd, the sole shareholder of Malaysia Airlines Bhd, has committed to inject RM3.6 billion in new capital into the national carrier's holding company Malaysia Aviation Group Bhd (MAG), to fund the group's business until 2025.
Last November, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz was quoted as saying that a total of RM28 billion had been injected into Malaysia Airlines by Khazanah to date.
The latest commitment follows Malaysia Airlines’ RM16 billion debt restructuring plan that was given the green light by the UK High Court today, with the deal set to complete by early next month.
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Khazanah was incorporated under the Companies Act 2016 in Malaysia on 3 September 1993 as a public limited company and commenced operations a year later. Khazanah is owned by the Malaysian government and administered by the Minister of Finance Incorporated, except for one share held by the Federal Land Commissioner. It is governed by a board of directors comprising representatives from the Government and the corporate sector with diverse professional backgrounds and expertise.
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Khazanah Board of Directors
https://www.khazanah.com.my/who-we-are/board-of-directors/
Mmmmm… point to ponder.
ReplyDeleteHow many low cost carriers in the world have been bailed out by their respective home countries?
Why should less efficiently run companies receive bailout cash when efficient companies receive less or none, when an unprecedented event such as a pandemic strikes?
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Easyjet secures £600 million government coronavirus loan
7 Apr 2020 by Mark Caswell
Easyjet confirmed last night that it had secured a £600 million loan from the Covid Corporate Financing Facility (CCFF), issued by HM Treasury and the Bank of England.
In addition the carrier has drawn down $500 million (£407 million) from its Revolving Credit Facility, raising cash reserves to around £2.3 billion.
The news came on the same day that Easyjet’s founder and largest shareholder Stelios Haji-Ioannou again called for the carrier’s £4.5 billion contract with Airbus to be cancelled, warning that failure to do so could see the airline run out of money “around August 2020, perhaps even earlier”.
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Bailout helps Southwest become the first US airline to post a profit during the pandemic
David Slotnick
Apr 22, 2021
The airline reported a $116 million profit for the first quarter on Thursday, making it the first U.S. airline to report net income for a quarter since the beginning of the COVID-19 crisis.
Despite an improvement in current demand and future bookings, however, the profit comes with a big asterisk. It was facilitated by federal aid distributed during the first three months of 2021.
Without the aid, the airline would have posted a loss of about $1 billion.
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Iberia and Vueling are bailed out by the Spanish Government
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Iberia and Vueling confirmed this morning that they have received a combined €1 billion bail-out from the Spanish Government.
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