KUALA LUMPUR: Khazanah Nasional Bhd, the sole shareholder of Malaysia Airlines Bhd (MAB), expects the national flag carrier to show a profit this year and keep the momentum going forward.
“We are bringing new planes and some secondhand planes that would drive the recovery further,” Khazanah’s boss Tan Sri Azman Mokhtar said.
“We expect MAS to breakeven in the first half of this year or at least by first half of 2019,” he told reporters at Khazanah’s 2017 result briefing on Thursday.
Khazanah had spent RM4.4bil for MAS recovery, which is about 70% of the total RM6bil targeted cost to revive MAB.
In August 2014, the Government strategic investment arm unveiled its RM6bil MAS recovery plan (MRP) in the quest to return MAB to sustained profitability and revive the flag carrier of Malaysia.
Azman Mokhtar said MAB recovery plan is on track despite some hiccups last year.