The Malaysia Aviation Group (MAG) announced on Wednesday that it had signed an agreement with the Sarawak government on the sale and transfer its MASwing airline. The deal is expected to be completed before the end of this year.
No financial details were disclosed. The deal follows a Memorandum of Understanding signed on October 27, 2023 with the Sarawak-owned Hornbill Skyways Company to acquire a major stake in MASwings.
The transfer should be completed by the year’s end. MAG is working closely with all parties, including shareholder Khazanah Nasional Berhad. This will ensure a seamless and compliant transition, as well as compliance with all legal and regulatory frameworks,” MAG stated in a release.
MAG has stated that MASwings will operate as usual during the transition period under its purview. Flight schedules will not be disrupted.
State media Bernama has reported that the Sarawak Government renamed MASwings AirBorneo. It is expected that the airline will operate as a fully-service carrier.
Abang Johari, the state premier, said: “By implementing this strategic move, we are positioning Sarawak to be an aviation hub for Borneo as well as a gateway into ASEAN. This will open doors to new opportunities, and foster greater connectivity and access to both domestic as well as international destinations.”
Views:7,908
Related to the topic:
Tourism Malaysia launches 'Visit Malaysia Year 2026' campaign Tourism Malaysia officially launched the Visit Malaysia 2026 campaign (VM2026) at an event in Delhi. Muzafar Shah Mohd Ali and Ahmad Johanif Mohd Ali were both present to inaugurate the event. The launch took place at the Malaysia Networking Dinner held at Hotel Pullman, Aerocity, New Delhi with the official unveiling of the VM2026 logo, featuring the Malayan Sun Bears – Wira and Manja – as the campaign mascots. The vibrant logo represents Malaysia's rich biodiversity and cultural harmony as well as its commitment to sustainable tourism. Ahmad Johanif Mohd Ali shared his excitement on…
Malaysia Airlines launches first flight to Kolkata Malaysia Airlines has celebrated its inaugural flight to Kolkata, CCU (CCU), marking a milestone in its mission of providing seamless connectivity between Malaysian and key destinations throughout South Asia. Malaysia Airlines, in partnership IndiGo, connects Malaysia with 16 destinations across India. This service further enhances travel options for passengers. The first flight MH184 departed Kuala Lumpur International Airport, at 9:45pm, local time. It connected passengers to the vibrant culture heart of India. Flight MH184, operated by a Boeing 737-8 aircraft, had a 93% flight load, demonstrating a high demand for visitors to CCU. As a…
Malaysia Airlines returns to Paris Malaysia Airlines marked its return to Paris with the recommencement of its inaugural direct flight to Charles de Gaulle Airport (CDG). Flight MH22 departed Kuala Lumpur International Airport Terminal 1 on 22 March at 11.45pm local (MYT). It arrived at Paris at 6.40am local (CET) the following morning. This was Malaysia Airlines' 68th flight destination, and it reinforced its position as a gateway into Asia and beyond. To commemorate this milestone, a send off event was held on the departure gate. Passengers were given special goody bags as a souvenir. Malaysia Aviation Group representatives, including Boo…
