Malaysia Airlines to dispose of A380, MASkargo fleets

Malaysian carriers eye Moscow flights - reports

Sovereign wealth fund to retain Malaysia Airlines' ownership

The managing director of the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, says it has no plans to sell the Malaysia Aviation Group (MAG), parent entity of Malaysia Airlines (MH, Kuala Lumpur International).

Speaking about the airline while delivering Khazanah's 2022 financial results in Kuala Lumpur last week, Amirul Feisal Wan Zahir said MAG was cash flow positive and the fund had no short-term plans to unwind its aviation investment. Khazanah took on MAG in 2014 and immediately put into place a MYR6 billion ringgit (USD1.36 billion dollar) five-year turnaround program. They backed that up in 2021 with a credit line of MYR3.6 billion (USD810 million) to assist Malaysia Airlines during the pandemic. At the results briefing, Zahir said MAG had drawn MYR1.3 billion (USD290 million) of that capital and confirmed that the sovereign wealth fund would hold onto 100% of MAG until at least 2025.

"It's a blessing for us that they're cash positive," he told media. "They seized the moment during the crisis fixing the balance sheet and making sure there's a focus...

Indonesia's TransNusa to expand to int'l ops in early 2Q23

Indonesian carrier TransNusa (8B, Kupang) will launch its first international route in mid-April. It will begin Jakarta Soekarno-Hatta - Kuala Lumpur International flights on April 14, to be followed by a roll-out of scheduled services between Jakarta and other Malaysian airports, including Johor Bahru.

The airline will use its three A320-200s and single A320-200N on the sector and operate the round-trip Jakarta-Kuala Lumpur flights 2x daily. TransNusa group chief Bernard Francis told local media that the service would help meet strong passenger demand on the route. Traffic on the Indonesia-Malaysia country pair leans heavily towards Indonesian nationals who travel to Malaysia for business, tourism, and education reasons.

According to ch-aviation capacities data, seven scheduled passenger carriers already service the route. With the biggest market share is Malaysia Airlines (23.4%), followed by Batik Air Malaysia (21.98%), Indonesia AirAsia (19.48%), AirAsia (12.98%), Batik Air (11.69%), Garuda Indonesia (5.84%), and Citilink (4.64%). In total, the airlines offer almost 39,000 seats a week on the city pair....

Malaysia Airlines rethinks narrowbody strategy around Subang