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Malaysian National News Agency

Malaysia Airlines On Track With Recovery Plan: Captain Izham
Business
November 30, 2017 15:52 PM
SEPANG, Nov 30 (Bernama)--Malaysia Airlines (MAB) is confidentthat its five-year MAB Recovery Plan (MRP) was on track and on schedule.

Malaysia Airlines Group Chief Executive OfficerCaptain Izham Ismail said in line with the MRP plan announced in 2014, MAB's focus is not only to be profitable,but also to make the airline anational icon, alongside being aneconomic enabler, domestic bond and link to the world.

"We have a lot of workto do and with 14,000 staff,MAB isworking very hard on theturnaround. Werealise there areslight lapses in our services, but will continue to perform well. Intime,MAB will make the nationproud," he added.

Speaking toreporters after the welcoming ceremony of MAB'sfirst A350-900 XWB aircraft at the Kuala Lumpur International Airport here today, Izham said itwas also a symbol of a new journey for Malaysia Aviation Group in sprinting towards the completion of the MRP, which is essentiallyto re-establish the group as a sustainably profitable and financially self-sufficient entity.

The A350 XWB was officially received by Second Finance Minister,Datuk Seri Johari Abdul Ghani, Malaysia Aviation Group Chairman, Tan Sri Md Nor Yusof and Izham.

"With its technological advancements, the A350 XWB would help boost our competitiveness on long haul flights and underlines our commitment to operate a young and modern fleet," Izham said.

Meanwhile, Johari said MAB will be first company to enjoy the Goods and Services Tax (GST) relief as announced by Prime Minister Datuk Seri Najib Tun Razakinthe 2018 Budget.

Imports of big ticket items such as aircraft and ships by airlines and shipping companies registered in Malaysia wouldbe given GST relief.

The purchase of the aircraftwould cost betweenUS$200 million- US$300 million and this is considered abig ticket item for the GST exemption.

The A350 XWB Is the world's features the latest aerodynamic design, carbon fibre fuselage and wings, plus the new fuel efficient Rolls-Royce Trent XWB engines, with a 25 per cent reduction in fuel burn and emissions and lower maintenance costs.

MAB has six A350 XWB on order and would be receiving them in stages by the second quarter of 2018.

All are on lease from Air Lease Corporation (ALC).

The A350 XWB would operate on the Kuala Lumpur-London sectorbeginning Jan 15,2018. Prior to that, the airline would be flying a series of endorsement flights to Bangkok, Penang and Singapore.

Configured in athree-class layout with286 seats, the Malaysia Airlines A350 XWB is the first in Asia to feature a First Class cabin.

--BERNAMA

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