SEOUL (Reuters) -Malaysia Airways’ guardian firm, Malaysia Aviation Group, is speaking to Boeing about buying new jets that develop into accessible if Chinese language airways cease taking deliveries, its managing director instructed Malaysian state information outlet Bernama.
Boeing seems to be returning a few of its 737 MAX jets to the U.S. from China, the place it had positioned them forward of supply to Chinese language clients.
Neither Boeing nor China has commented on why the jets are returning, and it isn’t clear which get together made the choice.
Malaysia Airways didn’t instantly reply to a Reuters request for remark.
If Boeing supply slots develop into accessible on account of the tariff battle between america and China, MAG views this as a window to safe earlier-than-expected deliveries, Bernama reported MAG’s Izham Ismail as saying.
“MAG is in dialog with Boeing about whether or not we will take over these slots,” Ismail instructed Bernama.
Airways globally are hungry for brand new planes however face prolonged supply occasions due to post-pandemic provide chain bottlenecks, and a manufacturing slowdown at Boeing because of enhanced regulatory scrutiny and a labour strike.
MAG, owned by Malaysian sovereign wealth fund Khazanah Nasional, has been steadily rising and renewing its fleet and goals to function a narrow-body fleet of 55 new technology 737 MAX plane by 2030.
Final month, it stated it could purchase 18 737 MAX 8 and 12 737 MAX 10 plane, with an choice to buy an extra 30 jets.
It additionally has a deal to lease 25 737 MAX jets from Air Lease Corp between 2023 and 2026.
Ismail stated any potential association to tackle extra planes from vacated supply slots wouldn’t be a part of that Air Lease Corp deal, and MAG would wish to go to the capital market to lift extra funds.
(Writing by Lisa Barrington. Enhancing by Gerry Doyle)
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