Malaysia Airlines looks to profit from China’s Boeing halt

Malaysia Aviation Group is in talks with Boeing to potentially take over delivery slots vacated by Chinese carriers as the US-China trade war heats up, according to reports.

The parent company of national carrier Malaysia Airlines may tap the capital market to fund any successful bids for Boeing’s slots as it looks to expedite the modernisation of its ageing fleet, Izham Ismail, chief executive officer, told local news agency Bernama on Sunday.

The planes must meet the carrier’s cabin requirements, he was quoted as saying.

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The carrier’s interest comes after Beijing reportedly ordered its airlines to halt receipt of Boeing aircraft and suspend purchases of aviation equipment and parts from US companies.

Boeing appears to be returning some of its 737 Max jets to the US from China, where it had placed them ahead of delivery to Chinese customers.

Neither Boeing nor China has commented on why the jets are returning, and it is not clear which party made the decision.

If Boeing delivery slots become available as a result of the tariff war between the US and China, Malaysia Aviation Group views this as a window to secure earlier-than-expected deliveries, Izham Ismail was quoted as saying.

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Малайзия Политика

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