Latest Malaysian Airline System Bhd Stories

2008-10-14 03:00:23

By James S IS IT TIME TO POP THE champagne for airline stocks? Share prices of airline companies had been sold down heavily since last year as crude oil prices soared to a record high of US$ 148/barrel, lifting aviation jet fuel prices in the process to its similar high. However, the commodity's price has since fallen substantially and fell to as low as around the US$ 90/barrel level recently before settling at around US$ 104 at the time of writing. Given that the rise in crude oil prices...

2008-08-22 00:00:26

MALAYSIAN Airline System Bhd (MAS) and GMR Hyderabad International Airport Limited, India have signed a memorandum of understanding to establish a world class maintenance, repair and overhaul (MRO) services on narrow and wide body aircraft at the Rajiv Gandhi International Airport (RGIA), Shamshabad, Hyderabad. This is MAS Engineering and Maintenance first foray into the Indian aircraft maintenance market that is experiencing strong aircraft growth with manufacturers bullish on aircraft...

2008-08-12 00:00:30

By Presenna Nambiar MALAYSIAN Airline System Bhd (MAS) is finalising plans to pay US$91.5 million (RM304 million) for five turboprop aircraft it will receive this year. "We have different methods we can look at. Our options are now either Japanese operating leases or export credit agencies," MAS executive director and chief financial officer Datuk Tengku Azmil Zahruddin told reporters in Subang, Selangor, yesterday. Firefly received yesterday the first of 10 ATR72-500 aircraft it has...

2008-07-18 00:00:25

By Lokman Mansor FARNBOROUGH: MAS Aerospace Engineering (MAE), a wholly-owned subsidiary of Malaysian Airline System Bhd (MAS), plans to set up a joint venture in Malaysia with Italy's Alenia Aeronavali to provide aircraft maintenance, repair and overhaul (MRO) services. Both companies signed a memorandum of agreement (MoA) at the Farnborough International Air Show here yesterday that will see MAE having majority stake in the venture. MAE managing director Mohd Roslan Ismail said the...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.