MAS plans multi-billion dollar aircraft orders in turnaround plan

Malaysia Airlines is said to to be keen to place multi-billion dollar orders for up to 100 Airbus and Boeing passenger aircraft so that it can retire its older, less fuel-efficient aircraft - AFP Photo.

SINGAPORE: Loss-making Malaysia Airlines is waiting for government approval to place multi-billion dollar orders for up to 100 Airbus and Boeing passenger aircraft in a move aimed at boosting its profitability, two people familiar with the negotiations told Reuters.

The new aircraft will lower the airline's operating costs by allowing it to retire its older, less fuel-efficient aircraft. That may help it cope with intense competition at home and within South-East Asia, the sources said.