KUALA LUMPUR – Malaysia Aviation Group Bhd (MAG), parent of national carrier Malaysia Airlines, today confirmed that it had on July 12 issued a tender notice for interested parties to acquire its Airbus 380 (A380) aircraft and/or components.
This follows the group’s decision to exit its A380 fleet, after its restructuring exercise completed in March.
“The airline will follow due process in evaluating submissions by prospective bidders and expects to complete the exercise in the fourth quarter of 2021,” the group said when contacted today.
MAG was responding to news that its wholly owned subsidiary, MAB Pesawat Sdn Bhd, is conducting an open tender for the sale of six A380-800 aircraft and/or components.
Interested parties are invited to send their proposals by August 12.
MAB had completed its debt restructuring in just four and a half months – making it the fastest airline organisation in history to drive such an exercise in a short period.
A total of 75 creditors, to which Malaysia Airlines owed approximately RM15 billion, were involved in the restructuring plan. – Bernama, July 15, 2021
