Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three years. … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
Malaysia Airlines
ICAO-led Task Force on conflict zone overflight
Expressing their strong condemnation of the use of weapons against civil aviation, the International Civil Aviation Organisation (ICAO), the International Air Transport Association (IATA), Airports Council International (ACI) and the Civil Air Navigation Services Organisation (CANSO), have agreed to immediately establish a senior-level Task Force in response to the shoot-down of Malaysia Airlines Flight MH17. At the meeting in Montreal earlier this week the civil aviation organisations said … [Read more...] about ICAO-led Task Force on conflict zone overflight
Malaysia Airlines releases MH17 cargo manifest
Malaysia Airlines has released the cargo manifest and air waybill for its flight MH17, the B777-200 extended range aircraft that crashed in eastern Ukraine on 17 July. There is no indication that any of the cargo could have caused a catastrophic failure of the aircraft, lending credence to the theory that it was shot down with a missile. The cargo included animals, with two dogs, birds, pigeons and chickens; TNT Express and DHL Global Forwarding courier goods; aircraft and helicopter … [Read more...] about Malaysia Airlines releases MH17 cargo manifest
Malaysian aircraft likely brought down by missile
The Malaysia Airlines B777-200ER which crashed in eastern Ukraine on Thursday killing all 298 persons aboard was shot down by militants, according to a Ukrainian interior ministry official who was quoted by Interfax-Ukraine news agency. MH17 was flying from Amsterdam to Kuala Lumpur, came down near the city of Donetsk, stronghold of pro-Russian rebels, Anton Gerashchenko said, adding that it was hit by a ground-to-air missile. Some media reports have said US intelligence sources have … [Read more...] about Malaysian aircraft likely brought down by missile
MASkargo sees 16% improvement in yield
Malaysia Airlines has ridden the economic updraft and returned to profitability in the first quarter, with increased cargo volumes and passengers, along with compensation from Airbus over delivery delays of its A380 superjumbos. The carrier announced its January-March net profit of RM310 million (US$97 million) , an improvement of more than RM1 billion from a loss a year earlier. Revenue surged 21 per cent to RM3.3 billion, including some RM329 million in compensation it received from Airbus. … [Read more...] about MASkargo sees 16% improvement in yield
MASkargo charts expansion plans
MASkargo, the air cargo subsidiary of Malaysia Airlines, has said that once its contract on the four Boeing 747-200F’s it wet leases from Air Atlanta Icelandic expires next year it hopes to acquire more modern and larger aircraft, possibly either 747-400’s or Airbus A330’s, to boost its capacity. … [Read more...] about MASkargo charts expansion plans
