MAS Plans To Buy 42 Jets Because Business Is Booming!

National carrier Malaysia Airlines (MAS) plans to rebuild its long-haul network by purchasing 42 wide-body jets over the next few months following a surge in demand, says MAS CEO Peter Bellew in an interview with Bloomberg.

After two dark incidents involving MAS’ aircrafts back in 2015 – the MH370 and MH17 incident - ticket sales have slumped tremendously, causing some fleets to be slashed and certain routes to be discontinued.

However, MAS was able to recover as of 2016 when findings showed that there was 90% occupancy in December.

In other words, business is booming for MAS. Congratulations!

The positive signs of recovery and increase in business have led MAS to purchase more jetliners to meet its demands.

Among the types of aircrafts MAS intends to add to their inventory are a dozen of used Airbus Group SE A330 or Boeing Co 777 aircrafts and about 25 to 30 new Boeing 787s or A330neos.

“Things have gone a bit better a bit quicker than I expected. We’re ahead of where we hoped we would be,” Bellew told Bloomberg.

The new jets will reportedly be used to replace single-aisle Boeing 737s on over 10 medium-haul flights to routes such as India, Bali, and Hong Kong.

Apart from the aircraft expansion, MAS plans to introduce more new routes to China; nine this year and another eight in 2018. This move is to make Malaysia a top destination for Chinese tourists after the MH370 incident.

We’re so happy to see our national carrier recovering and doing so well.