Sarawak govt signs MoU to acquire shares of MASWings from Malaysia Aviation Group

Malaysia News News

Sarawak govt signs MoU to acquire shares of MASWings from Malaysia Aviation Group
Malaysia Latest News,Malaysia Headlines
  • 📰 Soya_Cincau
  • ⏱ Reading Time:
  • 61 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 55%

Sarawak has a new regional airline, as Hornbill Skyways signs an MoU to take over MASWings via share acquisition from Malaysia Aviation Group. Read on to learn where the airline plans to fly to.

The Sarawak state government, via the state-owned airline Hornbill Skyways Sdn Bhd, as signed an MoU with the Malaysia Aviation Group in Sabah and Sarawak.

The takeover is set to take place in a timespan of about three months. This is so that the due diligence of the takeover can be done, according to Premier Tan Sri Abang Johari Openg. With the takeover, Sawarak can soon determine flight routes and also frequencies – especially for international flights into the state. At the same time, the airline will be able to elevate the tourism industry, especially in rural areas.

“Air connectivity plays an important role to connect our rural settlements in the hinterland regions and link Sarawak to the neighbouring regions and to the rest of the world. This connectivity is important for us to mobilise our people and to support economic activities”Currently the final discussion of the share takeover is still taking place between MAG, the state government and Khazanah Nasional, the owner of MAG.

Sarawak is also exploring to invite the Sabah government in the new regional airline, as it is part of the requirement of the signed MoU in taking over the RAS. As of right now, Hornbill Skyways is set to take over the fleet of MASWings, which currently consists of 10 ATR 72-500 and 6 Viking Air Twin Otter, the aircrafts used for the RAS.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Soya_Cincau /  🏆 16. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sarawak government signs MoU to acquire shares of MASWings from Malaysia Aviation GroupSarawak government signs MoU to acquire shares of MASWings from Malaysia Aviation GroupSarawak has a new regional airline, as Hornbill Skyways signs an MoU to take over MASWings via share acquisition from Malaysia Aviation Group. Read on to learn where the airline plans to fly to.
Read more »

Sarawak’s Hornbill Skyways inks MoU to take over MASWingsSarawak’s Hornbill Skyways inks MoU to take over MASWingsKUCHING: Sarawak-owned company Hornbill Skyways Sdn Bhd and the Malaysia Aviation Group (MAG) have inked a memorandum of understanding (MoU) to expedite the shares acquisition in MASWings Sdn Bhd for the management of rural air services.
Read more »

MASwings complete takeover in 3 months, flights by 2024, says Abang JohariMASwings complete takeover in 3 months, flights by 2024, says Abang JohariThe Sarawak premier says the timeline takes into consideration detailed discussions between the state and federal transport ministries.
Read more »

Ambil alih MASWings selesai dalam 3 bulan, mula terbang 2024, kata Abang JoAmbil alih MASWings selesai dalam 3 bulan, mula terbang 2024, kata Abang JoPremier Sarawak, Abang Johari Openg, berkata MASWings tidak akan berorientasikan keuntungan kerana matlamat pengembangannya untuk berkhidmat kepada rakyat.
Read more »

The OnePlus Open will not be sold in Malaysia - OnePlus Malaysia rep confirmsThe OnePlus Open will not be sold in Malaysia - OnePlus Malaysia rep confirmsPreviously, we mentioned the release of the OnePlus Open. Today, a OnePlus Malaysia representative confirmed that the phone will not be available on t
Read more »



Render Time: 2025-02-21 12:25:42