KUALA LUMPUR: The restructuring of Malaysia Aviation Group Bhd’s finances has resulted in a cost saving of RM10bil, said the Finance Ministry.The ministry said Covid-19 pandemic had given the parent company of Malaysia Airlines Bhd a chance to restructure its financial position in March 2021.The ministry was responding to a question by Teresa Kok on the strategy used by Khazanah Nasional in making MAGB’s recording an operating profit of RM889mil in 2023.
As for the group’s long-term plan, the Finance Ministry said the goal is to strengthen MAGB’s position to make it among the Skytrax Top 10 aviation companies of by 2030. The group posted a net profit of RM766mil for the financial year ended Dec 31, 2023 , a first since its inception in 2015.Surface temps in Peninsular Malaysia up by 0.24�C per decade since 1969, Dewan Rakyat told
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