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I just wanted to say TF is not the right person to tell this because this is related to airasia x matter, this should be answered by ceo of airasia x. Just like I ask you question, not ask your mother question. Same theory. Good luckiest
That’s too simplistic thinking. As an experienced businessman and substantial shareholders, TF should be able to answer all matters relating to AAX & CapA although he has a right not to address AAX questions in CapA AGM. For any PLCs, shareholders always have the liberty to asks relevant Corporate Governance questions.
This is corporate governance. Don't complicate something that is simple. Even u go to the court, the judge will question you (airasia x ceo), not your mother (capital a ceo). Thats why during the capital a agm, the chairman kept emphasizing only capital a related questions during Q&A session. Good luckiest
Court matters are entirely different situation. These were just shareholders trying to ask simple questions and not legal issues ie. just like any Press or IBs asking TF on AAX or CapA matters.
Precisely, the point on AirAsia missing payments to some suppliers in recent Bloomberg News. If AAX just raised US$230 million through a private-credit deal from Deutsche Bank early this year, their finances should be strong and should able to pay all dues promptly.
Of course there is no “fraud”. Merely tight finances in a difficult operating environment when jet fuel prices were exceptionally high (US$150-US$200) for a few months as the Company highly reliant on borrowings and with Zero jet fuel hedging policy. Jet fuel prices have since dropped significantly and this will help in terms of capacity, revenue and cost aspects.
When global crude oil prices already down to pre Middle East war level, AAX still cannot go up. If global crude oil prices spike up again, it will be Que Sera Sera !