MAG to diversify business in the next 5-10 years


KUALA LUMPUR: Malaysia Airlines Bhd’s parent company, Malaysia Aviation Group (MAG), is diversifying its business into non-airline non-passenger, namely aviation services and loyalty and travel solutions (LTS), in the next five to 10 years in order to future-proof the organisation.

MAG group managing director Datuk Captain Izham Ismail said the group has made commendable strides to recover from the unprecedented challenges brought on by the COVID-19 pandemic.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAG , Malaysia Airlines , diversify , investments , BFS

Next In Business News

Rohas Tecnic wins RM50mil TNB contract
Keyfield acquires AHTS vessel for RM29.6mil to expand fleet
Hextar Capital wins RM60.4mil upgrading job
Muhibbah Engineering bags RM300mil EPCC contract
BIMB Investment launches shariah-compliant fund targeting small-cap stocks
Tanco receives UMA query after shares tumble 30%
Weak ringgit, regional rout weigh on Bursa Malaysia
Asia coal prices hit 2-year high on Indonesia export rules
Moody’s: South, Southeast Asia credit outlook stable despite US dollar strength
South Korea's KOSPI craters over 8% as Fed fears spark tech rout

Others Also Read