Tony Fernandes' next ventures: no-frills hotels, insurance

[sirgalahad2010]

Aiseh, this Tony F one kind, ah! Cannot sit quiet, leh.

See what he is doing:

> Tune Money.Com (owned by his Tune Ventures) has signed a tech partnership agreement with LogicaCMG of the UK to develop a financial services Web portal. The portal will offer competitively-priced no-frills financial products, initially in Msia, and later in Indonesia and Thailand. Tune Money will focus on markets not tapped by banks and insurers. It is claimed, that depending on the product, buying online direct could result in savings of 30-75%. And 6 out of 10 Msians have not bought an insurance policy.

> this Friday, according to a report in the Spore Business Times, Tune Hotels will be unveiled. It will provide clean no-frills budget accomodation. Simple but clean rooms with an en-suite bathroom, according to the report, would cost an average of RM55 per night. Tune Hotels is understood to have several hotels, including one in Jln Sultan Ismail near the Twin Towers.

Tony F said, according to the report, that having made money from AirAsia, he would like to help other budding entrepreneurs and leave them to take new ventures to the next level. But his focus will remain on AirAsia, "his baby".

Way to go, Tony! :D

[Raikonen]

Tying the no frills brand to offering financial products is a good move...especially offering insurance.

I always find the Air asia website booking user friendly and simple, unlike MAS which is cluttered and messy.

Tony is a REAL example of Msia boleh.

[lord]

and I, on the other hand, am waiting to see who which bumiputra crony he has to 'saddle' this time for this venture?! well, they have to show they are growing economically, right?!

[bs6]

Way to go, Tony ! :)

[clfoo]

and I, on the other hand, am waiting to see who which bumiputra crony he has to 'saddle' this time for this venture?!

my crystal ball tell me -- CIMB :eek:


but what i would really like to see actually is a no-frills hospital ... is there such a thing? as thing goes the high medical bill gonna bring most of us down to our knee ... :(

[coleslaw]

kl general hospital.

[sirgalahad2010]

my crystal ball tell me -- CIMB :eek:


but what i would really like to see actually is a no-frills hospital ... is there such a thing? as thing goes the high medical bill gonna bring most of us down to our knee ... :(

No, lah - all of Tony's bumi partners work damn hard for their money. No easy come, easy go.

And there ain't no such thing as a "no-frills hospital". Who's going to pay for all the expensive specialists. equipment and computer systems?

Of course, the govt could always stick a person fresh out of "no name" medical school in a pondok somewhere and get him/her to dispense Panadol. That's no frills!

[Kiwi]

"no-frills hospital"??

Good idea, did Tony F joint usj forum? Hope that he got time to encounter our friend's wish and make our dream comes true. But will he be the Malaysian's "Bill Gates"?? Do charity works after getting rich?

However, Syabas to Tony being a TRUE Malaysian entrepreneur who is keep on moving forward, not like some others "Bug"s who become rich due to some Xclusive RIGHTs yet run the business half way dying! :p

[chin_wan]

Makes me wonder if Tony is the Steve Job of Malaysia.

[sirgalahad2010]

Makes me wonder if Tony is the Steve Job of Malaysia.

I think that he's more like following in the footsteps of Richard Branson! Which is to franchise the AirAsia name to selected ventures.

Tony has morphed into a Venture Capitalist! :D

[isarahim]

I'm more dubious about this. Sure, his idol is Sir 'Dickie' Branson, and sure Dickie has successfully diversified. But some people have been even more successful not diversifying far from their core business, like Ivar Kamprad, the IK in IKEA. I'd think no-frills hotels might be a natural extension to AA, but insurance? Hardly.

[ahtal68]

Wish he'd consider taking over the msian public transport system. ;)

[munity]

Wish he'd consider taking over the msian public transport system. ;)
Make it my wish too.

[Raikonen]

Wish he'd consider taking over the msian public transport system. ;)

That would be a different ball game altogether. PUBLIC transport where he would get more interference from the govt officials. He is only as good as the team he can be allowed to put together.

[USJ27Resident]

....interference from the govt officials. He is only as good as the team he can be allowed to put together.

Thats the MAGIC word... be successful and the GOVT will turn up and "nicely" TELL you to share your secret AND wealth... PERIOD !

"team he can be allowed.." That too... with their tacit approvals... :rolleyes:

[Raikonen]

Thats the MAGIC word... be successful and the GOVT will turn up and "nicely" TELL you to share your secret AND wealth... PERIOD !

That too... with their tacit approvals... :rolleyes:

yup...that's y i would rather bring my business over to the mat salleh countries than dealing with these stupid bozos who think they are tuans but actually idiotic parasites.... :mad:

[sirgalahad2010]

According to a report in the Spore TODAY newspaper (http://www.todayonline.com) Feb 12, Tony F said that AirAsia hopes to get approval by May to operate flights between KLIA and Changi.

He said that AirAsia has plans to operate 20 flights daily on the KLIA-Changi route, with tickets priced from S$60 each way.

It was also reported that AirAsia X will decide next month whether to acquire Boeing 777 or Airbus A330 aircraft for its proposed long-haul routes. Around 20 planes, worth US$4 billion (before discounts), could be acquired.

I think that the S$60 one-way tickets for SIN-KUL flights is excluding taxes and fuel surcharges. It would be interesting to see what the "all-in" price is. If it's like around S$90 "all-in", i.e. S$180 for a return trip, it will be attractive.

And it will make that more difficult for YTL to make a case for the proposed bullet train between KL and Spore!

[gtl]

tony fernandes is cool, he brings a fresh prospective to the "dull" malaysian businesses.
the hotel idea will enable airasia to be 1 step ahead of others in the value chain........great show tony.