MAS bets on China, eyes IPO in 2019

Bellew:(Inset pic)

SINGAPORE: Malaysia Airlines is betting on its first new routes in almost a decade and growth in China, where it wants to triple business over five years, to help it return to profitability in 2018 and list the year after, its chief executive said.

Peter Bellew, who took the reins at the Malaysian flag carrier in July, said the group was already losing less money than it had forecast and was on track to break even in the last quarter of 2017, with bookings for the coming months ahead of last year, despite a reduced fleet.