*Source: DTN News / Int'l Media
(NSI News Source Info) KUALA LUMPUR, Malaysia - December 30, 2009: Malaysia Airlines and Airbus announced last week the signing of a Memorandum of Un
derstanding for an order of 15 A330-300s and purchase options for another 10.
The aircraft, costing a total of USD5 billion at list prices, will be delivered from 2011 to 2016.
MAS said the new aircraft would serve the growing markets of South Asia, China, North Asia, Australia and Middle East.
"The A330 will complement our incoming fleet of 6 A380 and 35 B737-800” said MAS CEO Tengku Dato’ Azmil Zahruddin.
“The new fleet will create a strong platform for us to profitably grow – the A380 will serve key long haul destinations such as London and Sydney, the A330 for medium haul markets while the B737-800 will be used to strengthen our domestic and regional routes.
Zahruddin said that the airline planned to “transform from a 100% leased fleet to owning at least a third of the aircraft” in its core fleet.
He added the airline planned to fund its aircraft purchases through a combination of a proposed rights issue and borrowings. MAS said it expects to gain annual savings of RM300 million when the 15 A330 aircraft are delivered.
derstanding for an order of 15 A330-300s and purchase options for another 10.
The aircraft, costing a total of USD5 billion at list prices, will be delivered from 2011 to 2016.
MAS said the new aircraft would serve the growing markets of South Asia, China, North Asia, Australia and Middle East.
"The A330 will complement our incoming fleet of 6 A380 and 35 B737-800” said MAS CEO Tengku Dato’ Azmil Zahruddin.
“The new fleet will create a strong platform for us to profitably grow – the A380 will serve key long haul destinations such as London and Sydney, the A330 for medium haul markets while the B737-800 will be used to strengthen our domestic and regional routes.
Zahruddin said that the airline planned to “transform from a 100% leased fleet to owning at least a third of the aircraft” in its core fleet.
He added the airline planned to fund its aircraft purchases through a combination of a proposed rights issue and borrowings. MAS said it expects to gain annual savings of RM300 million when the 15 A330 aircraft are delivered.
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