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Malaysia Airlines to start new airline

2 Dec 2016 12:43:26

theedgemarkets.com

Malaysia Airlines Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, has aborted plans to sell some of its Airbus A380 super-jumbos and instead will use all six of them to set up a new airline to serve the haj and umrah market.


Its group managing director and chief executive officer (CEO) Peter Bellew said the group is working towards finalising plans for the formation of a new airline, which is expected to be operational by end-2018.


“We will apply for the licence [to start the new airline] next year. The plan is to hang on to these A380s for now until the six new A350s arrive in October 2017 through April 2018. We will then fly the A350s on routes between Kuala Lumpur and London (leaving the A380s to be utilised by the new airline),” he told The Edge Financial Daily over the phone yesterday.


Read full story: theedgemarkets.com

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