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Article: A380 delivery delay won't affect MAS turnaround plan
- Article from:
- New Straits Times
- Article date:
- June 15, 2006
- Author:
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Zaidi Isham Ismail; Anna Maria Samsudin
New Straits Times
06-15-2006
A380 delivery delay won't affect MAS turnaround plan
Byline: Zaidi Isham Ismail; Anna Maria Samsudin
Edition: Main/Lifestyle
Type: Company
NEW delays in the delivery of the Airbus A380 superjumbo are unlikely to affect Malaysia Airlines' (MAS) plans to turn itself around.
The national carrier, which saw a net loss of RM1.26 billion last year, expects to return to profitability in fiscal year 2007.
According to sources close to the company, MAS' three-year business turnaround plan does not include the six A380s it had ordered.
"The new A380s were never included in the carrier's turnaround plan. As such, the latest delay will ...