Malaysia Airlines downsizing fleet
Malaysia Airlines reportedly plans to phase out its entire fleet of Airbus A380s in a move to cut long haul capacity and concentrate on regional routes.
Although the airline has yet to confirm it, media reports say it will either sell or lease its six A380 aircraft as part of comprehensive cost cutting measures following heavy losses.
MAS said that "exploring fleet options to enhance viability of long haul sectors is one area being looked into."
It is also reportedly looking to offload some of its Boeing 777-200ERs and Airbus A330-200 planes.
Malaysia’s sovereign wealth fund Khazanah which took control of MAS said last year it would likely cut its fleet size once a full review of its route network had been completed.
Comprehensive cost-cutting plans also include the laying off of up to 6,000 of its workforce after suffering two major air disasters in 2014.
Meanwhile Airbus said any decision by MAS to offload its A380s would not affect the plane maker’s future order book.
Airbus chief financial officer Harald Wilhelm called the move "a fleet-planning decision by a customer that would not impact our campaigns" for more orders.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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