Regulator cuts Malaysia Airlines' air operator certificate duration after probe

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KUALA LUMPUR :Malaysia's civil aviation regulator has cut the duration of Malaysia Airlines' air operator certificate to one year from three years, following a probe into technical issues faced by the state carrier, the transport minister said on Wednesday.

MAG reported a net profit for 2023 of 766 million ringgit ($176.4 million), its first net profit since it was formed in 2015 and the first since MAS last made a profit in 2010.

It was delisted that year and Malaysian Airline System (MAS) was restructured into MAG under the sovereign wealth fund Khazanah Nasional.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMalaysia

Topics: Aircraft Year Airline Issues Minister Malaysia Aviation Loke Profit Plan Airlines

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 14:42:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22289899

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 2 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 14 hours ago

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Publisher ID: #27

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