Malaysia Airlines turns to Morgan Stanley in recovery scramble

Daily Newsletter | July 30, 2019
Malaysia’s sovereign wealth fund has hired Morgan Stanley to explore strategic options for Malaysia Airlines, including a potential stake sale, as part of a recovery plan for the country’s struggling flag carrier. The move is the latest in a scramble to turn around the loss-making airline as speculation on potential buyers and conflicting views regarding how the carrier’s woes should be dealt with continue.
A small Pakistan army plane which was on a training mission crashed in the city of Rawalpindi. The accident left at least 17 dead, including two pilots and three crew members, and 12 injured.
The low-cost arm of the Singapore Airlines Group, Scoot, is set on fleet expansion with the latest purchase of Airbus A321neo aircraft. A total of 16 A321neos are expected to progressively arrive from the last quarter of 2020. The planes will be deployed on routes within six hours, the airline states.
Updated on July 30, 2019
Virgin Atlantic to phase out its last remaining Airbus A340-600s at the end of 2019 as it announces new order for 14 Airbus A330neos.
Thai Airways’ plan to renew the fleet in the upcoming five years appears to be confusing for company’s staff. Union say employees are puzzled on how 38 new planes would help the airline to recover from $26.2 million net loss in the first three months of 2019 alone.
AeroTime News Hub

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