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Sarawak govt signs MoU to acquire shares of MASWings from Malaysia Aviation Group

  • BY Sharil Abdul Rahman
  • 27 October 2023
  • 10:40 pm
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The Sarawak state government, via the state-owned airline Hornbill Skyways Sdn Bhd, as signed an MoU with the Malaysia Aviation Group (MAG), the parent company of MASWings. The MoU outlines the takeover of shares of the regional airline, which is operating the government’s subsidized Rural Air Services (RAS) in Sabah and Sarawak.

The takeover is set to take place in a timespan of about three months. This is so that the due diligence of the takeover can be done, according to Premier Tan Sri Abang Johari Openg.

With the takeover, Sawarak can soon determine flight routes and also frequencies – especially for international flights into the state. At the same time, the airline will be able to elevate the tourism industry, especially in rural areas.

“Air connectivity plays an important role to connect our rural settlements in the hinterland regions and link Sarawak to the neighbouring regions and to the rest of the world. This connectivity is important for us to mobilise our people and to support economic activities”

Sarawak Premier Tan Sri Abang Johari Tun Openg

Currently the final discussion of the share takeover is still taking place between MAG, the state government and Khazanah Nasional, the owner of MAG. Abang Johari said that the state government is committed to upgrade MASwings from rural air service provider to regional airline. They are looking at regional airlines, with flights ranging from one hour all the way to 8 hours.

Sarawak is also exploring to invite the Sabah government in the new regional airline, as it is part of the requirement of the signed MoU in taking over the RAS. 

Image source: Hornbill Skyways Sdn Bhd

As of right now, Hornbill Skyways is set to take over the fleet of MASWings, which currently consists of 10 ATR 72-500 and 6 Viking Air Twin Otter, the aircrafts used for the RAS. The current fleet of Hornbill Skyways meanwhile consists of a Bombardier Challenger 605, two Beechcraft King Air 350I, a Beechcraft Super King Air B200 GT as well as four helicopters.

MASWings was the successor to FlyAsianXpress, which took over from Malaysia Airlines in 2006 and operated for two years. FlyAsianXpress was then renamed into AirAsia X in September 2007.

[IMAGE SOURCE]

Tags: Hornbill SkywaysMAGMalaysia AirlinesMASwingssarawak
Sharil Abdul Rahman

Sharil Abdul Rahman

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Sarawak govt signs MoU to acquire shares of MASWings from Malaysia Aviation Group

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