MAS denies ordering 100 planes, expects no operating loss in coming quarters

PETALING JAYA: Malaysia Airlines (MAS) group chief operating officer Ahmad Jauhari Yahya, in dismissing reports that the loss-making national carrier is placing orders for 100 new planes, does not expect an operating loss in the coming quarters.

Ahmad Jauhari said that the negative earnings before interest, taxes, depreciation and amortisation (EBITDA) that the airline registered in the fourth quarter of last year was because of a one-off item to write off engineering inventory.