Malaysia Airlines, after posting its first annual profit in 14 years, plans to order at least 45 more aircraft to replace and grow its fleet, despite potential market challenges.
MAG group CEO Capt Izham Ismail said if the market turns around faster, they would break even much earlier.
KUALA LUMPUR: Malaysia Aviation Group (MAG) is banking on its Long Term Business Plan 2.0 to break even its finances and turn cash flow positive by 2023 in what it calls a “downside scenario”.
Group chief executive officer Capt Izham Ismail said if the market turns around faster, they would break even much earlier.
“The trajectory that we are looking at is an extended L-shaped recovery so very likely, it’s (the recovery) in 2023.
“I hope it doesn’t go south from there.