Firstly, "F.O.S" will like to wish all the readers "Happy April Fool" in the conjunction of 01-04-2010.
Are you get fooled by people today? Or you are the one who make people fooled? Just ignore these question and let's have a look on a "REAL" matter in the aviation world. Malaysia Airlines create a opening topic for today's F.O.S post. If you are a Malaysian, just have a look on the natinal newspaper, The Star and The NST, you will know what is the aim for this posting. Yeap, thats's right!! MAS purchase another new aircrafts. At first I'm kinda shock when I look on this matter because not long ago, MAS also had purchased a number of Airbus A330s and Boeing B737-800s for their fleet renewal plan. The post is still in "F.O.S" if you look back the blog archived.
Not much to say here, let's look on the report that I had cropped out again from NST paper today.
NATIONAL carrier Malaysia Airlines (MAS) has ordered two Airbus A330-200 freighters, with options for an additional two.
This is in addition to 15 firm orders and 10 options for A330-300s placed in December last year.
The firm orders for 15 A330-300s and two A330-200Fs are valued at US$3.6 billion (RM12 billion) list price.
MAS managing director and chief executive officer Tengku Datuk Azmil Zahruddin said that each plane costs about US$170 million (RM556 million) and the purchase will be financed with proceeds from a recent rights issue as well as additional debt funding."With the new aircraft coming in, we can use them for growth, that is, if the economy is doing well. Otherwise, we will do the necessary replacement of aircraft. It depends on where we are at that point in time," Tengku Azmil told reporters after signing the sale and purchase agreement with Airbus on the sidelines of the Invest Malaysia 2010 in Kuala Lumpur yesterday.
"By 2015, we want to ensure we have a younger fleet and the average age will be down to just five years," he said.
MAS plans to use the new freighters on its intra-Asia route and to offer direct freight services to Europe from India and Bangladesh.
The first freighter will be part of cargo subsidiary Malaysia Airlines Cargo Sdn Bhd's (MASkargo) fleet in September next year, while the first passenger plane will be delivered in the first half of next year.
MAS chief financial officer Mohd Azha Abdul Jalil said it had made a Request For Proposals to finance the aircraft purchase and expects it to be finalised by the end of the month.
"We have received more than 20 proposals. So it will take quite a while to evaluate all. The proposals are from overseas as well as locally," he said.
As at December 31 2009, MAS' cash flow was under RM3 billion, with gearing at 1.1 times.
In preparation for the additional capacity when the new planes are delivered, MAS has been adding new frequencies since Sunday. It is expected to announce new destinations in the second quarter of the year.
The above articles had been cropped out from http://www.btimes.com.my/Current_News/BTIMES/articles/airbuz31/Article/.
What should say here is BRAVO MAS..... Hope that the Airbus A330s familiy will help MAS by uphold the name of "Malaysian Hospitality" and "5-stars airline" as well.
Are you get fooled by people today? Or you are the one who make people fooled? Just ignore these question and let's have a look on a "REAL" matter in the aviation world. Malaysia Airlines create a opening topic for today's F.O.S post. If you are a Malaysian, just have a look on the natinal newspaper, The Star and The NST, you will know what is the aim for this posting. Yeap, thats's right!! MAS purchase another new aircrafts. At first I'm kinda shock when I look on this matter because not long ago, MAS also had purchased a number of Airbus A330s and Boeing B737-800s for their fleet renewal plan. The post is still in "F.O.S" if you look back the blog archived.
Not much to say here, let's look on the report that I had cropped out again from NST paper today.
NATIONAL carrier Malaysia Airlines (MAS) has ordered two Airbus A330-200 freighters, with options for an additional two.
This is in addition to 15 firm orders and 10 options for A330-300s placed in December last year.
The firm orders for 15 A330-300s and two A330-200Fs are valued at US$3.6 billion (RM12 billion) list price.
MAS managing director and chief executive officer Tengku Datuk Azmil Zahruddin said that each plane costs about US$170 million (RM556 million) and the purchase will be financed with proceeds from a recent rights issue as well as additional debt funding."With the new aircraft coming in, we can use them for growth, that is, if the economy is doing well. Otherwise, we will do the necessary replacement of aircraft. It depends on where we are at that point in time," Tengku Azmil told reporters after signing the sale and purchase agreement with Airbus on the sidelines of the Invest Malaysia 2010 in Kuala Lumpur yesterday.
"By 2015, we want to ensure we have a younger fleet and the average age will be down to just five years," he said.
MAS plans to use the new freighters on its intra-Asia route and to offer direct freight services to Europe from India and Bangladesh.
The first freighter will be part of cargo subsidiary Malaysia Airlines Cargo Sdn Bhd's (MASkargo) fleet in September next year, while the first passenger plane will be delivered in the first half of next year.
MAS chief financial officer Mohd Azha Abdul Jalil said it had made a Request For Proposals to finance the aircraft purchase and expects it to be finalised by the end of the month.
"We have received more than 20 proposals. So it will take quite a while to evaluate all. The proposals are from overseas as well as locally," he said.
As at December 31 2009, MAS' cash flow was under RM3 billion, with gearing at 1.1 times.
In preparation for the additional capacity when the new planes are delivered, MAS has been adding new frequencies since Sunday. It is expected to announce new destinations in the second quarter of the year.
The above articles had been cropped out from http://www.btimes.com.my/Current_News/BTIMES/articles/airbuz31/Article/.
What should say here is BRAVO MAS..... Hope that the Airbus A330s familiy will help MAS by uphold the name of "Malaysian Hospitality" and "5-stars airline" as well.
Airbus,
Malaysia Airline
4:01 PM
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