Thursday 1 December 2016

Malaysia Airlines to start new airline...

KUALA LUMPUR (Dec 1) :

Malaysia Airlines Bhd, a wholly-owned subsidiary of Khazanah Nasional Bhd, has aborted plans to sell some of its Airbus A380 super-jumbos and instead will use all six of them to set up a new airline to serve the haj and umrah market.

Its group managing director and chief executive officer (CEO) Peter Bellew said the group is working towards finalizing plans for the formation of a new airline, which is expected to be operational by end-2018.

“We will apply for the license [to start the new airline] next year. The plan is to hang on to these A380s for now until the six new A350s arrive in October 2017 through April 2018. We will then fly the A350s on routes between Kuala Lumpur and London (leaving the A380s to be utilized by the new airline),” he told The Edge Financial Daily over the phone yesterday.

In a statement yesterday, the national carrier said it is already transporting Muslim pilgrims on charter flights to Saudi Arabia “successfully and is in a good position to cater for increased passenger demand on this route”.

According to Bellew, Malaysia Airlines is using one of the A380s to serve the haj and umrah market. The airline carried about 70,000 passengers on this route during the nine-month period ended Sept 30, 2016.

SGX Market Another Hot Stock of the Day :

  • SEMBCORP MARINE
  • DBS
  • OCBC BANK

      So Earn More These Stock are profitable for Intraday & Contra Day Trader.


Our Stock Recommendations :

  • SGX INTRADAY SIGNAL: BUY SUNMOONFOOD AT 0.093 TARGET 0.096, 0.099 SL 0.088 …
  • KLSE INTRADAY SIGNAL:BUY SALUTE AT 1.25 TARGET 1.29, 1.33 SL 1.20…
  • KLSE INTRADAY SIGNAL:BUY PENTA AT 1.26 TARGET 1.30, 1.34 SL 1.21…

                    Get Live Trading Signal With Us  – www.equityprofit.com



No comments:

Post a Comment