GENEVA: The global airlines industry is projected to strengthen its profitability in 2025 with a net profit of US$36.6 billion (RM161.8 billion), representing a 3.6 per cent net profit margin amid ongoing cost and supply chain disruption, said the International Air Transport Association (IATA). Meanwhile, total industry revenues are expected to be US$1.01 trillion (RM4.46 trillion),...
BALIK PULAU: A pair of Chinese nationals were fined after pleading guilty at the Magistrates’ Court here Wednesday (Dec 4) to charges of stealing money from two airline passengers at Penang International Airport last month. Magistrate Chia Huey Ting ruled that He Da Peng, 51, be fined RM2,000 and Xin Min, 61, RM3,700, with additional three-month...
BANGKOK, Thailand (Reuters): There was little warning of the chaos that was about to be unleashed onboard Singapore Airlines flight SQ321. With around three hours left on the journey from London to Singapore, Malaysian student Dzafran Azmir got the uneasy feeling the Boeing 777-300R plane was tilting upwards and beginning to shake. The 28-year-old braced himself and...
KUALA LUMPUR: Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines, today took delivery of its first Boeing 737-8 aircraft. MAG said the 737-8 is a part of the group’s fleet modernisation strategy to enhance customer experience, operational efficiency, and meet future network growth requirements. It has an orderbook of 25 units of the...
KUALA LUMPUR: The co-founder of a local airline has been on the radar of authorities for the past two years for alleged dubious activities, including alleged scams and money laundering. Datuk Allan Goh Hwan Hua, his wife Datin Neow Ean Lee and their son Goh Tze Han, who were remanded yesterday, are not only being investigated...
KUALA LUMPUR: Low-cost carrier MYAirline has announced it will suspend its operations from Oct 12, 2023, until further notice due to "significant financial pressures" pending a shareholder restructuring and recapitalisation of the airline. "We have worked tirelessly to explore various partnership and capital raising options to prevent this suspension. "Unfortunately, the constraints of time have left us...
