Malaysia Airlines’ CEO says charter business could eclipse main airline division

KUALA LUMPUR, May 26— Malaysia Airlines’ new charter business for its Airbus A380 fleet could eclipse the main airline operations to become the most significant part of the group’s business, its chief executive said.

Irish Independent reported CEO Peter Bellew as saying that the charter business, which is expected to begin in 2019, would do “very well”.

“I think it will do very well. I think it may well eclipse what we’re doing in terms of the main Malaysia Airlines,” he reportedly said.

The airline will transfer six of its A380 superjumbo jets to a new entity to manage the charter business. The new entity would entail 800 staff, up to 500 which will be new hires.

One of the main targets for the charter business are companies that are bringing Muslim pilgrims for the Hajj and Umrah.

“We have a lot of requests from very large global holiday travel companies that have a requirement to move vast numbers of people over about a 22-week season from one part of the world to another,” he said.

“We will be the only operator in the world with 600-seat-plus aircraft for charter. The jets are only three or four years old and we’ll be able to give people a very low-cost, high-quality product. I think there’s huge potential,” he added.

The airline is still in the midst of a turnaround, and was previously reported as being on track to returning to profitability by next year.

Malaysia Airlines went through a major overhaul after the disasters involving two of its flights, MH370 and MH17, in 2014 further damaged the financial stature of the airlines that was already suffering losses several years prior.

Source : Malay Mail Online

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