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Malaysia Airlines consider to order widebody jets in 2017

Tuesday, 15 November 2016


Singapore: Malaysia Airlines Bhd is considering ordering as many as 25 widebody aircraft as the nation’s flag carrier, recovering from two fatal air crashes in 2014, looks to meet growing travel demand.

The airline will replace 15 of its ageing planes and add 10 to fuel growth, chief executive officer Peter Bellew said in an interview in Singapore on Tuesday. 

It may look at Airbus Group SE’s A330s and A350s, and Boeing Co’s 787s, with a decision due by the middle to end of next year.

Bellew, who became Malaysia Airline’s third chief executive officer in two years in July, is tasked with the job of restoring confidence in the carrier that lost two planes two years ago – one that vanished over the Indian Ocean and another that was shot down over Ukraine. 

The airline is likely to become profitable in 2018 before it relists its shares in the first quarter of the following year.

Fully owned by Khazanah Nasional Bhd after being taken private in 2014, Malaysia Airlines has cut long-haul flights and eliminated about 6,000 jobs as part of its restructuring.

Source by: Internet

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