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Malaysia Aviation Group Reports 93% Profit Drop For 2024

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.

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Batik Air Malaysia To Launch Kota Kinabalu–Seoul Route

Batik Air Malaysia has announced plans to commence nonstop service between Kota Kinabalu (BKI) and Seoul Incheon (ICN) beginning 12 September 2025. The new route will be operated using Boeing 737-800 aircraft, expanding the carrier’s footprint in Northeast Asia and enhancing connectivity between Malaysia’s Sabah region and South Korea.

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AirAsia Secures $226 Million in Debt Financing for Refinancing and Corporate

AirAsia Aviation Group, based in Malaysia, is in the advanced stages of finalizing a significant financial agreement that involves securing up to US$226 million in debt financing. This strategic financial move is being facilitated by an undisclosed domestic bank, with the primary aim of refinancing the group’s existing US dollar-denominated debt and allocating funds for various corporate…

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Aero Engine Solutions Partners with APACS in Malaysia

Aero Engine Solutions (AES) has formed a strategic partnership with APACS – Asia Pacific Aircraft Component Services (Malaysia), expanding its operational capabilities in the Asia-Pacific region. This collaboration grants AES access to APACS’ repair facility and warehouse in Malaysia, enhancing its ability to service and maintain aircraft engines efficiently.

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AirAsia X Extends Acquisition Timeline for Capital A’s Aviation Business

AirAsia X (Malaysia) has announced a mutual agreement with Capital A (Malaysia) to extend the deadline for completing its proposed acquisition of Capital A’s aviation business, which includes AirAsia Aviation Group and AirAsia. The revised timeline now extends from 25 January to 24 March 2025.

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Qantas Joins Association of Asia Pacific Airlines

The Association of Asia Pacific Airlines (AAPA), headquartered in Malaysia, has announced that Qantas, Australia’s flagship carrier, has joined the organization with immediate effect. This significant development strengthens Qantas’ engagement within the Asia-Pacific aviation community and underscores its commitment to regional collaboration.

Ascend Airways Malaysia Secures Conditional Air Service Permit

Ascend Airways Malaysia has been granted a Conditional Air Service Permit by the Malaysian Aviation Commission (MAVCOM), paving the way for the airline to commence operations. The carrier aims to launch its ACMI (Aircraft, Crew, Maintenance, and Insurance) services by late 2025, starting with a Boeing 737C. As part of its growth strategy, Ascend Airways plans to expand its fleet to include the Boeing…