KUALA LUMPUR: Struggling Malaysia Airlines on Wednesday announced plans to purchase 50 Boeing aircraft for $5.5 billion as it continues efforts to recover from devastating twin disasters in 2014.
Malaysia’s national flag carrier said it had placed firm orders for 25 Boeing 737 MAX jets and had purchase rights for another 25. Deliveries are to commence in 2019.
New CEO Peter Bellew said the purchase of the aircraft, which are known for their fuel efficiency, would aid the airline’s recovery.
“This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal …read more
Source: The Manila Times
