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MAG, the parent company of Malaysia Airlines, expanding beyond pure-play aviation
Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines Bhd, has put an end to the rumours surrounding the possible merger between the airline and low cost carrier AirAsia Group Bhd.
Malaysia Aviation Group (MAG) is banking on its Long Term Business Plan 2.0 to break even its finances and turn cash flow positive by 2023 in what it calls a “downside scenario”.
Group aims to achieve net zero carbon emissions by 2050
PETALING JAYA: Malaysia Aviation Group (MAG) has launched its MAG Sustainability Blueprint, aimed to promote socio-economic development and achieve net zero carbon emissions by 2050.
Income from investee companies rises to RM5.2bil
KUALA LUMPUR: Khazanah Nasional Bhd expects the global aviation industry to recover at the earliest, in 2023 or 2024, but believes Malaysia Airlines Bhd has the right cost structure and balance sheet to ride through the tough journey, post-pandemic.
PETALING JAYA: Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, will now be able to realise its restructuring plan for the national carrier, with the UK court approval for a scheme of arrangement with its creditors.
KUALA LUMPUR: Malaysia Aviation Group (MAG) has completed its recapitalisation following the go-ahead given to MAG’s leasing entity, MAB Leasing Ltd, and the majority of MAG’s aircraft operating lessors.