Malaysian Airline System Bhd (RM0.995/share) Has not shelved plans to turn Firefly into a low-cost carrier

Malaysia Airlines’ (MAS) Group chief executive officer Ahmad Jauhari Yahya said it has not scrapped plans to turn community airline, Firefly, into a low-cost carrier. He said MAS was keeping its options open for Firefly, its wholly-owned subsidiary, to operate as a budget carrier but stressed that it was not in the immediate term.

He said currently, the plan is to keep the turbo-prop aircraft in Firefly and MAS will do all the jets operations. Firefly currently flies to 25 destinations including 12 international flights.

Ahmad Jauhari also said He said MAS is also planning to replace the Boeing 737- 400 fleet over the next two years in tandem with plans to reduce the average age of its aircraft, which currently stood at 7.7 years. – StarBiz