Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has officially exercised its purchase rights for 20 Airbus A330-900 aircraft. These widebody jets are slated for delivery between 2029 and 2031, as part of the group’s long-term fleet renewal strategy.
Airbus is reportedly close to securing a major order for 20 A330neo aircraft from Malaysia Aviation Group, in what would mark a significant widebody acquisition for the Southeast Asian carrier. The deal is expected to be finalized and publicly announced later this week.
StandardAero, a leading global provider of maintenance, repair, and overhaul (MRO) services, has been selected by Firefly, a subsidiary of Malaysia Aviation Group, to deliver comprehensive support for the PW127M engines powering its ATR72-500 fleet. This agreement enhances Firefly’s operational reliability as it continues to scale its regional network.
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, is reportedly in discussions with Boeingto acquire commercial aircraft that may become available if Chinese airlines cancel or defer their orders. The strategic interest comes amid increasing signs that several Chinese carriers may halt or reduce new aircraft deliveries due to geopolitical and economic pressures.
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has reported a 93% decline in its 2024 net profit, citing the dual impact of lower average airfares and capacity constraints driven by global supply chain and maintenance issues. The carrier posted a net profit of $12 million, down sharply from the prior year.
Malaysia Airlines has successfully addressed the technical issues affecting its A330neo fleet, allowing it to resume deliveries of the remaining 19 aircraft starting February 2025 and continuing through 2026.
MASwings, a Malaysian regional airline, is set to transition its ownership to the Sarawak regional government by December 31, 2024. This move involves a formal sale from Malaysia Aviation Group (MAG), marking a significant milestone in the airline’s operational history. The ownership transfer process is expected to span nine months following the sale.
Malaysia Airlines has extended the contract of its CEO Izham Ismail for an additional year, allowing him to continue overseeing the airline’s recovery and growth efforts. Alongside his role as CEO, Izham will also maintain his position as Managing Director of Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines. This decision reaffirms the company’s confidence in Izham’s leadership as he…
