Originally posted by Ramsgate Hoop
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Uncle T on Talksh1te this am - listen again
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Originally posted by Kirill View PostTrue, apart from the little fact that UK's population is twice that of Malaysia and the former's air travel purchasing power per person is probably twice that of an average Malaysian, too But we love uncle Tony so screw the inconvenient facts
I'm sure you know the facts about how Uncle Tone came to be the highly successful owner of Air Asia at the cost of US$0.26 to purchase the debt ridden former Government run service with its one rust infested plane with no air safety certificate? I did that story not long after he took the Chair at our little club. Suffice to say, as at today, the estimated revenue is a mere US$1.58 Billion
Subsidiaries of Uncle Tone's little Malaysian venture now include
AirAsia India
Tony Fernandes called the joint venture a marriage made in heaven. Fernandes said that he would concentrate mainly on the one million south Indians who travel by rail. AirAsia announced its Indian low-cost subsidiary on 19 February 2013. The airline is operated as a joint venture between Tata Sons and AirAsia, with AirAsia holding 49% of the airline. Arun Bhatia father of Lakshmi Mittal's son in law Amit Bhatia took up 21% and Tata Sons took up a stake of 30% in the airline. The joint venture also marked Tata Sons' return to the aviation industry after 60 years. As a result AirAsia was also the first foreign airline to set up a subsidiary in India. The airline operates flights out of Chennai.
AirAsia X
AirAsia X is the international operation of the brand AirAsia, which is Asia's largest low-cost carrier. AirAsia X is also affiliated with Virgin Group and Air Canada. Flights operate between Asian destinations and Australia but Fernandes took the decision to avoid Sydney Airport due to its high fees. Instead the airline concentrates on cheaper alternatives such as Melbourne's Avalon Airport, Williamtown Airport in Newcastle, and Adelaide Airport. Interest is also expressed in using Gold Coast Airport as another Australian destination. AirAsiaX operates a livery of in excess of 25 stock fleet. 49% of AirAsia X is owned by Aero Ventures; a venture of Tony Fernandes and other prominent Malaysians, as well as Air Canada's Robert Milton. Virgin Group own 16% and a further 16% is owned by AirAsia direct.
AirAsia Zest
AirAsia Zest Airways, Inc. operating as AirAsia Zest is a joint venture between AirAsia & AMY Holdings Inc., the company who owns Zest-O corporation in the Philippines. It operates scheduled domestic and international tourist services, mainly feeder services linking Manila and Cebu with 24 domestic destinations in support of the trunk route operations of other airlines. In 2013, the airline became a sister airline of AirAsia Philippines operating their brand separately.
Indonesia AirAsia
Indonesia AirAsia operates scheduled domestic, international services and is an Indonesian associate carrier of Malaysian low-fare airline AirAsia. Its main base is Soekarno-Hatta International Airport, Jakarta. Until July 2010, Indonesia Air Asia, along with many Indonesian airlines, was banned from flying to the EU due to safety concerns. However the ban was lifted on July 2010. AirAsia has a 49% share in the airline as Indonesia's laws disallow majority foreign ownership on domestic civil aviation operations.
Philippines AirAsia
Philippines AirAsia is a joint venture between Filipino investors and AirAsia. The Filipino group include Antonio Cojuangco, Jr., former owner of Associated Broadcasting Company with flagship television station TV5.
Thai AirAsia
Thai AirAsia is a joint venture between AirAsia and Thailand's Asia Aviation. Thai AirAsia launched domestic operations on February 2004. It serves AirAsia's regularly scheduled domestic and international flights from Bangkok and other cities in Thailand. Thai AirAsia was the only low-cost airline operating both domestic and international flights from the Suvarnabhumi Airport. The airline shifted all operations from Suvarnabhumi Airport to Don Mueang International Airport effective 1 October 2012. Today, Thai AirAsia is 55% owned by Asia Aviation, 45% owned by AirAsia International.
So forget UK population versus Malaysian population and purchasing power mate - this guy operates one of the most successful business in the world. Irrespective of economic downturn, there is no prospect of anything other than continuing success for our embarrassment of a Chairman#standuptocancer
#inyourfacecancer
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Originally posted by Bluehoop View PostIrrespective of economic downturn, there is no prospect of anything other than continuing success for our embarrassment of a ChairmanBanning people is no longer my hobby,
but take a look at my photo blog:
http://kirillqpr.blogspot.com/
How and why did I start supporting QPR in Estonia:
http://www.wearetherangersboys.com/forum/blog.php?b=852
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Originally posted by Kirill View PostNot as long as QPR remain horrendously unprofitable. His failure to apply his airline industry shrewdness to QPR has been his undoing. Unwillingness to get rid of Hughes promptly has had massive repercussions. If the club does not get promoted this season then it will get much worse, no matter what he blabbers right now. You can trust in Tony, I prefer to trust in good old common sense, and the two things don't appear to intermingle much nowadays when it comes to QPR.
Back in 2007/8 when most inter-continental airlines were struggling due to new EU legislation preventing them from entering EU airspace, Tony could have sold out/asset stripped Air Asia to the tune of a fortune most of us could not even dream of, but rather, took the decision to fight the ruling and get it overturned (except for the Philippines element for obvious reasons at the time) and then went on to turn an extra few million to gross the US 1 billion plus figure for the first time and has repeated and increased upon it each year since. It involved hard work, risks and investment and most importantly, time. Rome wasn't built in a day my friend and let's face it Air Asia and QPR were hardly the ideal cash rich investments for him to take on if his sole intention was to strip them bare at the first sign of trouble.#standuptocancer
#inyourfacecancer
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I think Bluehoop's factually correct posts are very good examples of what is currently happening at our club.
TF appears to remain very calm about the whole scenario and in no way sounded like a man under pressure.
At the end of the day though, people are either going to simply accept the facts of the matter, or get unduly concerned about things that they can't control anyway. The only danger with the latter route, is if some are stupid enough to create problems for the owners because of their views, which would be by far the worst thing that could happen.
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Originally posted by brightonr View PostI think Bluehoop's factually correct posts are very good examples of what is currently happening at our club.
TF appears to remain very calm about the whole scenario and in no way sounded like a man under pressure.
At the end of the day though, people are either going to simply accept the facts of the matter, or get unduly concerned about things that they can't control anyway. The only danger with the latter route, is if some are stupid enough to create problems for the owners because of their views, which would be by far the worst thing that could happen.
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Originally posted by Kevin Mcleod View PostNobody buys a football club or a boat to make money, its purely an ego boost that will cost you money. Same as a bird actually.
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Originally posted by theblackmafia. View PostI think Bernie & Flavio bought a football club to make money and nearly succeeded. They never lost is probably a better way of putting it.
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