Business

Hornbill Skyways inks MoU with MAG to take over MASWings

This will pave way for detailed talks to ensure Sarawak has majority stake, says premier

Updated 2 years ago · Published on 27 Oct 2023 11:50PM

Hornbill Skyways inks MoU with MAG to take over MASWings
Hornbill Skyways, which has been operating air charter services in Sarawak since 1977, was mandated to take over the ownership of MASWings and operate rural air services in Sarawak and Sabah. – Bernama pic, October 27, 2023

KUCHING – Sarawak-owned company Hornbill Skyways Sdn Bhd and the Malaysia Aviation Group (MAG) have inked a memorandum of understanding (MoU) to expedite the shares acquisition in MASWings Sdn Bhd for the management of rural air services. 

Sarawak Premier Tan Sri Abang Johari Openg said the MoU will pave the way for detailed discussions between both parties to ensure that the state acquires the majority stake in MASWings. 

“So, now detailed discussions (will be held) between the Sarawak state government, the federal government and particularly Khazanah Nasional Bhd. 

“We want a majority stake, and MAG may likely want a stake, but the majority should be Sarawak-owned.

“In terms of timeline, I will give them three months (to complete the takeover process). 

“If possible, we can fully operate and start flying next year,” he said when met by reporters after the MoU signing ceremony here today. 

Hornbill Skyways, which has been operating air charter services in Sarawak since 1977, was mandated to take over the ownership of MASWings and operate rural air services in Sarawak and Sabah.

Abang Johari said the state government aims to make Kuching the airline’s main hub and expand the carrier’s routes to regional destinations about six to seven hours away, including Australia, Hong Kong, Singapore, Japan, South Korea and India.

However, he said MASWings would not be profit-oriented as the aim of the expansion is to serve the people.

"That is our condition in taking over MASWings. 

“The model is different from other airlines, as we don’t need to use that many aircrafts.

“So long as they keep on moving and flying, otherwise depreciation costs will arise,” he added. – Bernama, October 27, 2023

Related News

Malaysia / 9mth

Sarawak finalises acquisition of MASwings

Malaysia / 1y

MASwings headquarters will be relocated to Sarawak, says Abang Jo

Malaysia / 1y

Sarawak explores establishment of Aerospace Industrial Park

Malaysia / 1y

Abang Jo announces Sarawak airline as AirBorneo

Malaysia / 1y

Sarawak completes takeover of MASwings

Malaysia / 1y

Sarawak eyeing six international destinations with MASwings

Spotlight

World

Kim Jong Un appears in state media photos after unverified death rumours

Malaysia

Anwar challenges Rafizi over corporate crime, asks why he stayed silent as minister

Malaysia

AKPS chief Mohd Shuhaily to be charged over alleged assault on two policemen

Malaysia

Year One pupil dies after breathing difficulties in Dengkil classroom

Malaysia

College student remanded for three days over alleged rape of underage girl

Sports & Fitness

Lee Zii Jia settles dispute with father, sister over company affairs

By Alfian Z.M. Tahir

Malaysia

Online scam call centres: Police detain 31 people targeting foreign victims in Pahang crackdown

Malaysia

Guan Eng proposes RM1,000 tax rebate for purchase of air purifiers

By Ian McIntyre

You may be interested

Business

Guthrie denies links to Indonesia forest fires, says no active blazes found on its plantations

Business

Nation’s trade surplus hits RM232.4b in nine months as exports surge 34%

Business

Oil prices near US$110 raises pressure on Malaysia’s fuel costs as Hormuz risks persist

Business

Malaysia pushes chip-design startups to turn technology into global sales