23:38 GMT +311 November 2019
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    Malaysia Airlines Airbus A380

    Troubled Malaysia Airlines Moves to Put Long-Haul Fleet Up for Sale

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    Malaysia Airlines has taken a decision to put its fleet of six Airbus A380s and four Boeing 777-200ERs up for sale.

    Malaysia Airlines has offered for sale its six Airbus A380s and four Boeing 777-200ER jets, according to the aviation industry site Leeham News.

    It reported that Malaysia Airlines is allegedly open to outright sale or lease of the aircraft.

    In May 2012, Malaysia Airlines took delivery of its first A380, and currently it flies these jets to Paris, London and Hong Kong.

    In late 2014, the airline was nationalized by Malaysia's state-run investment holding arm Khazanah Nasional, in a move that came after years of ever-increasing debt.

    The airline's debts have approached 1.5 billion dollars since 2011, with analysts predicting that Malaysia Airlines would not break even until at least 2016.

    Last year saw Malaysia Airlines lose two of its Boeing 777s. The MH370 flight disappeared and is yet to be discovered, while the MH17 flight was shot down over Ukraine.

    Khazanah Nasional planned to pump hefty sums into Malaysia Airlines before the end of 2016 so as to try to make the airline profitable again by 2017.

    Tags:
    lease, jet, sale, aviation, investment, Boeing 777, Airbus A380, Malaysia
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