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PETALING JAYA: AirAsia Group Bhd, which is selling its aircraft leasing business to BBAM Ltd Partnership, says the transfer of aircraft and aircraft engines under the deal has been completed except for five aircraft.
Air travel is likely to become increasingly common, especially in emerging markets over the next 20 year, and this demand will have to be met by over 29,220 new aircraft worth US$4.4tril, Airbus’s Global Market Forecast report predicted.
SINGAPORE: Loss-making Malaysia Airlines is waiting for government approval to place a multi-billion dollar order for up to 100 Airbus and Boeing passenger aircraft in a move aimed at boosting its profitability, two people familiar with the negotiations told Reuters.
PETALING JAYA: Malaysia Airlines (MAS) is unlikely to return to the market to raise more funds for either the purchase of aircraft or working capital, as it would be able to generate enough cash to sustain operations by end-2014.
SUBANG: Just over a week after AirAsia Bhd placed a 100-plane order worth US$9.4bil (RM28.67bil), Malaysia Airlines (MAS) has inked an agreement to buy 36 ATR i>72-600/iturboprop aircraft for RM3bil (US$981mil), as it expands its fleet to grow aggressively in the country and regionally.
PETALING JAYA: Sepang Aircraft Engineering Sdn Bhd is now an Airbus SE unit after the aircraft manufacturer took full control of the aircraft maintenance company by acquiring the remainder 60% stake.
Malaysia Airlines (MAS) is expanding its fleet of turboprop aircraft with the purchase of 36 new ATR 72-600 aircraft worth RM3bil.