Malaysia Airlines to buy 50 Boeing jets

AFP, KUALA LUMPUR: Struggling Malaysia Airlines yesterday 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 customers with lower fares," Bellew said in announcing the deal.
Malaysia Airlines currently operates 56 Boeing 737-800s as well as smaller numbers of Airbus aircraft.  
The devastating MH370 and MH17 disasters in 2014 pushed the perennially loss-making airline to the brink of bankruptcy as bookings dried up.
MH370 disappeared on March 8 of that year, en route from Kuala Lumpur to Beijing with 239 passengers and crew.

Malaysia Airlines to buy 50 Boeing jets

AFP, KUALA LUMPUR: Struggling Malaysia Airlines yesterday announced plans to purchase 50 Boeing aircraft for $5.5 billion as it continues efforts to recover from devastating twin disasters in 2014. Malaysias 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 airlines 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 customers with lower fares, Bellew said in announcing the deal. Malaysia Airlines currently operates 56 Boeing 737-800s as well as smaller numbers of Airbus aircraft. The devastating MH370 and MH17 disasters in 2014 pushed the perennially loss-making airline to the brink of bankruptcy as bookings dried up. MH370 disappeared on March 8 of that year, en route from Kuala Lumpur to Beijing with 239 passengers and crew.