KUALA LUMPUR: MMAG Holdings Bhd
's subsidiary MJets Air Sdn Bhd has been appointed the dedicated narrow body freighter operator by Malaysia Airlines Bhd for the benefit of its cargo entity, MAB Kargo Sdn Bhd.
In a bourse filing, MMAG said MJets Air is set to enhance the logistics and cargo distribution capabilities of MASKargo by providing a regional cargo feeder network using dedicated freighters commencing from May 1 to Oct 31, 2024.
"The collaboration between MJets Air and MASKargo is aimed at optimising cargo transportation and logistics services to streamline operations and enhance efficiency, with the potential to generate mutual benefits for both entities and their respective clientele," it added.
The board of MMAG said the award is expected to contribute positively to the overall future earnings of MMAG as well as its earnings per share for the financial year ending March 31, 2025.
