Memorandum of understanding Malaysian Airline System Berhad ("MAS" or "The Company") - memorandum of
18-Dec-2012 Memorandum of understanding Malaysian Airline System Berhad ("MAS" or "The Company") - memorandum of understanding ("MOU") with ATR
| Type | Announcement |
| Subject | MEMORANDUM OF UNDERSTANDING |
| Description | MALAYSIAN AIRLINE SYSTEM BERHAD ("MAS" or "the Company")
- Memorandum of Understanding ("MoU") with ATR |
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MAS wishes to announce that the Company and ATR, the French-Italian aircraft manufacturer inked a Memorandum of Understanding (MoU) today for the purchase of 36 brand new ATR 72-600 aircraft worth RM 3 billion. Of the 36 ordered, Firefly will take on 20 new aircraft whilst 16 will be inducted into the fleet of its sister company MASwings. This significant deal which is part of the expansion plans for Firefly and MASWings, both wholly owned subsidiaries of Malaysia Airlines, was signed by the Group CEO of Malaysia Airlines, Ahmad Jauhari Yahya and Filippo Bagnato, CEO of ATR in the presence of Ignatius Ong, CEO of Firefly and Dato’ Captain Mohd Nawawi Awang, CEO of MASwings. None of the directors, major shareholders and/or person connected with them has any interest, direct or indirect, in the transaction. The press release on the above is attached. |
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