17 December 2021
Malaysia Aviation Group (MAG), the parent of Malaysia Airlines Bhd, is positive on the future of the aviation industry but remains cautious at the same time, said its group chief executive officer Captain Izham Ismail.
He said the Covid-19 pandemic had tremendous impact on the airline’s bottom line and MAG had laid out the Long Term Business Plan 2.0 for it to break even by 2023.
“We hope to break even by 2023,” he told reporters after the welcoming ceremony of Malaysia’s first flight using sustainable aviation fuel operated by Malaysia Airlines’ A330-200 aircraft here on Friday (Dec 17).
It was reported that MAG is cautiously optimistic about breaking even by 2023 after securing over RM15 billion savings in liabilities from its restructuring.
Izham said MAG is now lean and agile following the restructuring exercise in March this year.
Source: www.theedgemarkets.com
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