MMAG's aviation arm gets nod to establish aircraft leasing firm in Labuan

Quick Summary:

KUALA LUMPUR: MMAG Holdings Bhd's aviation arm, MMAG Aviation Consortium Sdn Bhd, has received approval from the Labuan Financial Services Authority to establish a wholly-owned subsidiary in Labuan, namely MMAG Skyfleet Limited.

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It said the strategic move is expected to enhance operational efficiency and optimise asset management across the Group’s aviation portfolio.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Leasing MMAG Corporate News Labuan /Business/Business News Aircraft

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 18:51:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 178 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23363531

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Official Website: thestar.com.my

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