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Asean Today: Riddle of Unclaimed 747s; Making More Millionaires; Myanmar Stock Exchange Opens

Wednesday, December 9, 2015
Today Around Southeast Asia

PHUKETWAN recognises the importance of Asean with the Economic Community approaching and marks what's happening around the region with a column, Asean Today, that will cease when Phuketwan closes on December 31.

Malaysia


nationm ultimedia.com Malaysia Airports Holdings Berhad (MAHB), the country's main airport operator, is seeking the owner of three unclaimed planes left at the Kuala Lumpur International Airport (KLIA). In a notice in The Star's classifieds section, Malaysia Airports (Sepang) Sdn Bhd, which manages KLIA, gave the unknown owner of three Boeing 747-200F aircraft 14 days to collect his planes.

Indonesia


thejakartapost.com Indonesia will see the emergence of more millionaires over the next five years in response to the growth of its middle class, but wealth disparity will remain a large problem in Southeast Asia's largest economy, a 2015 wealth report has said. The sixth annual Credit Suisse Research Institute Global Wealth Report reported that Indonesia had made an impressive recovery from the 1998 Asian financial crisis.

Cambodia


voacambodia.com With at least four Cambodians killed in recent years trying to uncover environmental crimes, the country ranks as the ''deadliest'' place in the world to conduct such reporting, according to a new report. Compiled by the Paris-based organization Reporters Without Border (RSF), the report, 'Hostile Climate For Environmental Journalists,' names Cambodia - alongside India - as one of the two ''deadliest countries'' for journalists covering environmental issues.

Thailand


prweek.com The blanking out of two articles in a week in Thailand's edition of the International New York Times has drawn significant criticism around the world and probably increased the articles' consumption.

Philippines


time.com Extreme weather events connected to climate change promise to wreck devastation across the globe, from deadly heat waves in India and Pakistan to extreme tropical storms in the Pacific, and world leaders hope that an agreement in Paris will provide answers about what support they will receive for efforts to handle such weather events. In few places is that question as relevant as in the Philippines.

Singapore


straitstimes.com.au Singapore's pragmatic and business-like approach towards defence cooperation with the US not only provides a practicable alternative to the current state of American alliances in the Asia-Pacific, but is also embraced in Washington because Singapore does not ask for American protection.

Myanmar


ft.com Myanmar will finally ring the trading bell to launch its new stock exchange on Wednesday but bold talk that Asia's newest frontier market could best more developed near-neighbours such as Vietnam will not be tested just yet.

Brunei


cfr.org In Brunei, Sultan Hassanal Bolkiah, already an absolute and traditional monarch, has amassed more power to himself in 2015 and 2014, taking on nearly all the ministerial portfolios. A draconian new criminal code based on sharia law that was announced in 2013 has not been fully implemented, in part so that Brunei could join the Trans-Pacific Partnership.

Vietnam


washingtonpost.com Vietnam stands to be one of the biggest economic beneficiaries of the regional trade deal, reached in October after eight years of negotiations. The country wants to reduce its dependence on China and forge closer ties with the US - an attempt at reorientation that is given added impetus by China's aggressive assertion of its territorial claims in the South China Sea.

Comments

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The "abandoned" 747 are TR-ARH, TR-ARM and TR-ARN. Type B747-230BF, meaning they are freighters. All sold new to Lufthansa cargo in 1980 and 1981.

Current files show them being registered to Air Atlanta Icelandic and stored since 2010 and 2011.

They currently have 37 airplanes stored or being scrapped around the world, 30 of them B747 of various types.

http://www.airfleets.net/ficheapp/plane-b747-22363.htm

After many years of storage to get a large aircraft like that airworthy again will be very expensive. These aircraft are not worth very much anyway (probably around USD 3 to 4 million max fully operational).

In addition parking fees for 5 years at KLIA will be significant. I'd be surprised if anyone turns up to claim them and foot the bill.

KLIA will most likely seize them and sell them for parts/scrap. The engines are the most valuable parts, everything else is abundantly available and not worth much.

Posted by Herbert on December 9, 2015 10:36

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Herbert,
You should send the Malaysian Airport Authority a bill for your investigation and advice. 10% finders fee seems fair to me.

Posted by MoW on December 9, 2015 12:21

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@ MoW

All they have to do is to look out the window and check the aircraft registry.

I'm sure they know nobody will collect them and the ad is just a legal technicality.

I would not mind a 747 cockpit though. I could turn it into a very nice flight simulator.

Posted by Herbert on December 9, 2015 13:02

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Herbert,
I think you deserve a whole plane. You could be the captain, Sue could be the navigator, second thought Sue could plan the destination, Alan can report the experience and us riff raff can fill in the seats.
Best to keep the altitude under the 1 mile high mark to reduce the likelyhood of too much bragging.

Posted by MoW on December 9, 2015 14:41

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@ MoW

Though I've been to 11 mls high a few times, I did not join the mile high club. I was traveling alone and asking for assistance among fellow passengers or cabin crew seemed a question quite out of place.

If I was the captain, Sue would be walking the plank. Since aircraft have life vests, I'm sure he'd be just fine.

There might also be a slight parking issue at my current residence. Should probably get one of those houses John Travolta has, parking his B707 right in his front yard.

Joking aside, large, old aircraft are surprisingly cheap to buy because commercial operation is hardly profitable anymore due to high fuel consumption and maintenance costs.

Ferrying it to the chosen location is usually the biggest problem, though there is an interesting video of an IL-62 which landed on a field so it could be turned into a memorial / museum.

https://www.youtube.com/watch?v=sCZRwv_568Y

Posted by Herbert on December 9, 2015 16:25

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Herbert, MoW, good exchange. Witty. I'd enjoy you collaborating on the broader Malaysian airline scene.

Posted by juswunderin on December 9, 2015 16:31

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Juswunderin,
Liquidity, keeping return passengers and arrival delays seems to be their recent downfall.

Posted by MoW on December 9, 2015 16:56

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Herbert,
There is no 10% zone at your place where you could be invited to park it?

Posted by MoW on December 9, 2015 19:10


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