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MAS-AirAsia collaboration workable: Idris
by hlk Fri 16 Mar 2012, 16:01
KUALA LUMPUR: Performance Management and Delivery Unit (Pemandu) chief executive officer Datuk Seri Idris Jala maintains that he believes both Malaysia Airlines and AirAsia Bhd can work together.
“That means competing in areas where they (MAS and AirAsia) will define to compete, and agreeing in areas where they need to work together.
"So as a team I understand they are working out those boundaries, working out the details and in due time they will announce it,” he said yesterday after attending a monthly National Committee on Investments meeting.
Idris, who is also Minister in the Prime Minister’s Department, added that it is very important that both MAS and AirAsia comply with the recently enforced Competition Act.
“The conversation that we have (with them) is that they are doing everything they can to comply,” Idris said.
On how a possible reversal of the share swap between MAS and AirAsia would impact Pemandu’s Government Transformation Programme, he said: “Well we cannot speculate.
As the Minister of Transport said yesterday, he has not heard of any evidence that shows that (a reversal) is going to be the case. Let’s leave him as the authority on this,” Idris said.
Meanwhile, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the RM113 billion private investments the ministry has set for 2012 has taken into account the troubles that the global economy might be facing this year.
“In all our conversations with investors, they have not said they will cancel investment plans due to the European crisis. This is a function of these investments being long termin nature,” Idris added.
“That means competing in areas where they (MAS and AirAsia) will define to compete, and agreeing in areas where they need to work together.
"So as a team I understand they are working out those boundaries, working out the details and in due time they will announce it,” he said yesterday after attending a monthly National Committee on Investments meeting.
Idris, who is also Minister in the Prime Minister’s Department, added that it is very important that both MAS and AirAsia comply with the recently enforced Competition Act.
“The conversation that we have (with them) is that they are doing everything they can to comply,” Idris said.
On how a possible reversal of the share swap between MAS and AirAsia would impact Pemandu’s Government Transformation Programme, he said: “Well we cannot speculate.
As the Minister of Transport said yesterday, he has not heard of any evidence that shows that (a reversal) is going to be the case. Let’s leave him as the authority on this,” Idris said.
Meanwhile, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said the RM113 billion private investments the ministry has set for 2012 has taken into account the troubles that the global economy might be facing this year.
“In all our conversations with investors, they have not said they will cancel investment plans due to the European crisis. This is a function of these investments being long termin nature,” Idris added.
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