Concern over Politics going on behind the scenes

[Stanley]

http://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/airasia-india-that-started-with-lots-of-pomp-is-now-struggling-due-to-huge-losses-top-level-exits/articleshow/50211035.cms?

[ArthurQPR_NYC]

I think 'fighting amongst themselves' is a complete exaggeration. This is just business and Amit Bhatia's dad is simply posturing as he tries to get the best return from his investment in Air Asia India. If you want to extrapolate that into some kind of soap opera where it's all gone Westenders at QPR, that's fine, as long as you accept that's purely dramatisation.

top post. finally bringing it back into reason. this article is exactly what Hubble's said: Amit's dad is only a 10% shareholder and is leaking to the media his anger that the low cost airline sector is not as profitable as he'd like. Not only is Air Asia Group Malaysia the majority SH at 49%, the 3rd and final shareholder is Tata Group - which is run by Mittal, aka Amit's father in law!
I don't know Amit Bhatia as well as ITK experts like those on this thread obviously. But I can't see Amit getting between his dad throwing his toys out the pram, and his wife's daddy who owns much more of the company!
And certainly this wouldn't impact QPR's goings on.

If Amit's dad had any sense, he would divest, or try some methods of hostile takeover for majority. Clearly no one else on that board agrees with his views.

[Stanley]

One thing I would love to see is Amit persuading his father-in-law to take over TF's shares and becoming chairman himself.

Apparently Amit and Mittal's daughter are now divorced.

[A Man Without A Clue]

Apparently Amit and Mittal's daughter are now divorced.

Don't think that's true mate .

[Fozzieboy]

I believe Amit and his wife had problems but sorted it out in the end ?

[Stanley]

Don't think that's true mate .

I believe Amit and his wife had problems but sorted it out in the end ?

I remember it being reported they'd separated and filed for divorce but no idea what the latest is.

[surrey_hoop]

I think 'fighting amongst themselves' is a complete exaggeration. This is just business and Amit Bhatia's dad is simply posturing as he tries to get the best return from his investment in Air Asia India. If you want to extrapolate that into some kind of soap opera where it's all gone Westenders at QPR, that's fine, as long as you accept that's purely dramatisation.

In regard to Air Asia's problems, I'm sure a large part of that must be due to the crash. Whether they are endemic I'm not sure. Of course it's an issue for QPR, but just how much is hard to say. I'd say it was too early to be beating the doom and gloom drum. One thing I would love to see is Amit persuading his father-in-law to take over TF's shares and becoming chairman himself.

I'm not stating or even insinuating that it is. The fact is, the father of one of our owners is threatening another owner with legal action. It will hardly promote relations amongst the Board, even if it is 'just business'.

As a mentioned before, Air Asia has lost money every single quarter for the last 2 years. Of course the crash hurt Air Asia (just as it did the entire aviation industry), but to post losses 8 times in a row has to be attributed to poor business deicisons, surely? I'm not beating any drum either, just stating that we are not his priority. He wiped off a vast amount of debt once, but it is getting to the point whereby it will be financially unviable for him to do so next time. Just keep his largesse in perspective.

[Olly]

top post. finally bringing it back into reason. this article is exactly what Hubble's said: Amit's dad is only a 10% shareholder and is leaking to the media his anger that the low cost airline sector is not as profitable as he'd like. Not only is Air Asia Group Malaysia the majority SH at 49%, the 3rd and final shareholder is Tata Group - which is run by Mittal, aka Amit's father in law!
I don't know Amit Bhatia as well as ITK experts like those on this thread obviously. But I can't see Amit getting between his dad throwing his toys out the pram, and his wife's daddy who owns much more of the company!
And certainly this wouldn't impact QPR's goings on.

If Amit's dad had any sense, he would divest, or try some methods of hostile takeover for majority. Clearly no one else on that board agrees with his views.

And some ethics issues on airline independence

[Hubble]

I'm not stating or even insinuating that it is.

Yet you used the exact phrase: 'fighting amongst themselves'...

[MYU]

I'm not stating or even insinuating that it is. The fact is, the father of one of our owners is threatening another owner with legal action. It will hardly promote relations amongst the Board, even if it is 'just business'.

As a mentioned before, Air Asia has lost money every single quarter for the last 2 years. Of course the crash hurt Air Asia (just as it did the entire aviation industry), but to post losses 8 times in a row has to be attributed to poor business deicisons, surely? I'm not beating any drum either, just stating that we are not his priority. He wiped off a vast amount of debt once, but it is getting to the point whereby it will be financially unviable for him to do so next time. Just keep his largesse in perspective.

Check this out.

http://www.worldairlineawards.com/Awards/worlds_best_lowcost_airlines.html

[West Acton]

Amit always posting pics of himself and wife

[Kevin Mcleod]

Serious question here, is a 100% fact we will go back into massive debt again after they wiped that lot of and cut our cloth accordingly?

[surrey_hoop]

Yet you used the exact phrase: 'fighting amongst themselves'...

Arguing for the sake of it at this point.

[surrey_hoop]

Check this out.

http://www.worldairlineawards.com/Aw..._airlines.html

What exactly does this have to do with anything?

[surrey_hoop]

Serious question here, is a 100% fact we will go back into massive debt again after they wiped that lot of and cut our cloth accordingly?

I'm just saying that I hope some fans don't automatically think he'll bail us out if we do.