Malaysia Airlines ‘exploring fleet options,’ sidesteps reports

Source:AFP-Global Times Published: 2015-5-4 0:03:02

Malaysia Airlines Friday said it was "exploring fleet options" as the flag carrier sidestepped commenting on reports it is planning to sell off some of its planes to restructure after recent disasters and losses.

Aviation website leehamnews.com reported Thursday that the airline was looking at selling or leasing out all of its six Airbus A380 planes.

Flight Global website, citing industry sources, said the beleaguered company was looking at customers for some of its Boeing 777-200ERs and Airbus A330-200 freighters.

Malaysia Airlines said it was still working on its business plan but did not give any details regarding the restructuring reports.

"Malaysia Airlines seeks to clarify the speculation on its fleet. We are currently still working to finalize the business plan... Exploring fleet options to enhance the viability of long-haul sectors is one area being looked into," it tweeted on Friday.

The airline, whose already loss-making operations took a further beating after the two tragedies involving the still-missing Flight MH370 and Flight MH17 which crashed in Ukraine, was taken over by state investment fund Khazanah Nasional.

Khazanah Nasional already held 70 percent of the carrier before it acquired all the remaining shares and took the company private to deal with its problems.



Posted in: Companies

blog comments powered by Disqus