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D#146;NEST Aviation Services Sdn Bhd, the first aviation company to provide maintenance, operations, ground handling and VIP lounge services for aircraft in the country, was officially launched last Saturday.
MALAYSIA Airlines (MAS), continuing on its flight path to recovery, has turned in a net profit of RM330.4mil for its third quarter ended Dec 31, 2002. The result was boosted mainly by exceptional gains of RM229.4mil as a result of the airline#146;s widespread asset unbundling (WAU) scheme and RM77mil from the sale of aircraft and engines.
MALAYSIA Airlines (MAS) expects a RM800mil revenue boost for the financial year (FY) ended March 31, 2004, on expectations of a double-digit growth in regional passenger traffic, mainly from China, India and Singapore.
Australia's current account deficit stretched to a record 11.6 billion Australian dollars (US$7 billion) from the impact of the drought, slow global growth and a high demand for imports, official figures showed Monday.