Malaysia Airlines Berhad
Malaysia Airlines Berhad (MAB), previously known as Malaysia Airline System (MAS), is the national flag carrier of Malaysia, based in Kuala Lumpur. Originally founded in 1947 as Malayan Airways, Malaysia Airlines operates a network of scheduled international and domestic services as part of a broader group of airlines that include its wholly-owned subsidiaries, Firefly and MASwings. MAB is owned entirely by the Malaysian Government, through sovereign wealth fund, Khazanah Nasional. MAB wholly-owned subsidiaries include the following:
- Firefly (since Apr-2007)
- MASwings (since Oct-2007)
In May-2016, Malaysia Airlines Berhad announced the establishment of a new holding company, Malaysia Aviation Group. The new holding company comprises of subsidiaries and equity investments organised into the following business segments:
- Air Transportation Services: Malaysia Airlines Berhad, Firefly, MASwings and MAB Kargo. MAB Kargo will apply for its own operating certificate and will operate as a separate company from 2017;
- Ground Services: AeroDarat Services and MAB Engineering;
- Aircraft Leasing: MAB Leasing and MAB Pesawat;
- Talent Development: MAB Academy.
The new structure is part of Khazanah Nasional's restructuring programme. It is expected to improve transparency, drive focussed management across the operating subsidiaries, ensure profit and loss accountability, drive greater operational efficiency and allow flexibility for the companies to explore collaboration and capital raising opportunities.
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