Friday, December 25, 2009

howwwzattt... more added to the stable...

MAS and Airbus sign MoU for orders of up to 25 A330-300s

Malaysia Airlines and Airbus signed a Memorandum of Understanding today covering the order of 15 A330-300 and acquired purchase options for another 10.

The total cost of the 25 aircraft is USD5 billion at list prices. The aircraft which will be delivered from 2011 to 2016 will serve the growing markets of South Asia, China, North Asia, Australia and Middle East.

Managing Director/ Chief Executive Officer, Tengku Dato’ Azmil Zahruddin said, "The A330 will complement our incoming fleet of 6 A380 and 35 B737-800. The new fleet will create a strong platform for us to profitably grow – the A380 will serve key long haul destinations such as London and Sydney, the A330 for medium haul markets while the B737-800 will be used to strengthen our domestic and regional routes.

“By 2016, all the aircraft we have ordered will be in and we expect to have one of the youngest, most fuel efficient and environmentally friendly fleet in Asia. This will further strengthen and build upon our award-winning service and passenger value. “

He added, “Our strategy is to transform from a 100% leased fleet to owning at least a third of the aircraft in our core fleet. We will fund the purchases through a combination of a proposed rights issue and borrowings. This will give us the flexibility to refresh the aircraft on a needs basis to provide our customers with the latest product.”

When the 15 A330 aircraft are received, Malaysia Airlines expects to gain annual savings of RM300 million.

Airbus Senior Vice President Sales, Customer Affairs Asia, Thomas Friedberger said, “Airbus has never stopped innovating and improving on the A330 family by integrating the experiences and knowledge that we have gained through other Airbus programmes. The continual investment by Airbus into the A330 Family ensures its competitiveness as an efficient and cost effective aircraft for medium haul routes.

“MAS will definitely benefit from the lower operating cost the new A330 fleet does offer”.

Malaysia Airlines is ordering the new version of the A330-300 which offers significantly expanded capabilities from cabin comfort to aircraft performance. The improved comfort for passengers include state of the art cabin offering better seat comfort, audio video on demand for all classes, and better mobile connectivity.

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