The Malaysia Aviation Group (MAG) - an entity which pools subsidiary Malaysia Airlines Bhd, other related companies and equity investments into four distinct business segments - has established a new, stand-alone cargo unit named MABkargo (formerly MASkargo), outgoing CEO, Christoph Mueller, has announced. Unveiling the holding firm's structure, Mueller said MABkargo is expected to secure its own AOC from the Malaysian Department of Civil Aviation (DCA) next year and operate separately from … [Read more...] about MASkargo becomes MABkargo, to operate on own AOC next year
MASkargo
Malaysia Airlines CEO Mueller surprises with early resignation
In a surprise move Malaysia Airlines Bhd (MAB) CEO and managing director Christoph Mueller has announced his departure from the airline effective September 2016, but intends to remain as its non-executive director. In a statement, MAB said Mueller, who made immense contribution in the restructuring of Malaysia Airlines, had requested to depart before the end of his three-year contract due to "changing personal circumstances”. Mueller joined the Board of Malaysia Airlines System Bhd as a … [Read more...] about Malaysia Airlines CEO Mueller surprises with early resignation
Malaysia Airlines turns first profit in years, on track to be in black by 2018
In an interview with The Associated Press on Wednesday, chief executive Christoph Mueller described Malaysia Airlines as a "ship that has many leaks”, but added that the monthly profit was a sign that things are on the right track saying revenue has improved and costs are down, underpinned by low jet fuel prices. Twin disasters in 2014 - including the vanishing of MH370 in March 2014 with 239 people on board and a second B777 carrying 298 people which was shot down over Ukraine a few months … [Read more...] about Malaysia Airlines turns first profit in years, on track to be in black by 2018
MASkargo, Silk Way West in cargo partnership
Malaysia Airlines Bhd's (MAB) cargo arm MASkargo and Azerbaijan's cargo carrier Silk Way West Airlines have signed a Memorandum of Cooperation that will see both airlines leveraging on each other's aircraft fleet and network in different regions of the world. The strategic partnership between the two air cargo players entails a Block Space Agreement (BSA) on a twice weekly route to and from Kuala Lumpur and Amsterdam via Baku Heydar Aliyev International Airport in Azerbaijan. The weekly … [Read more...] about MASkargo, Silk Way West in cargo partnership
MASkargo: Here to stay and staying with freighters
MASkargo will remain a maindeck player despite questions surrounding its future in light of Malaysia Airlines’ intensive restructuring across the whole group, according to its head of cargo. Speaking to Payload Asia on the sidelines of the recent Air Cargo India event, Ahmad Luqman Mohd Azmi, chief executive of MASkargo emphasised the once leading cargo carrier will remain active in the cargo market, although with a slightly leaner freighter fleet. This will see the cargo carrier – a … [Read more...] about MASkargo: Here to stay and staying with freighters
Malaysia Airlines Bhd to operate new A350-900s
The recently-relaunched Malaysian national carrier that was rebranded from Malaysia Airlines System (MAS) to Malaysia Airlines Berhard (MAB), has signed a contract with US-based Air Lease Corporation (ALC) for the long-term lease of four new A350-900s. The deal also includes options for two additional A350-900s and two A330-900neo aircraft. The new A350s will be delivered between the fourth quarter of 2017 and the second quarter of 2018. The new A350s will join Malaysia Airlines’ existing … [Read more...] about Malaysia Airlines Bhd to operate new A350-900s
