Sarawak signed an MoU with MAG to start discussions on the acquisition of MASWings
BERNAMA
The Sarawak State Government signed an MoU with MAG, the parent company of MASWings Sdn Bhd, to discuss the takeover of the regional airline. -Photo file/FB MASwings
Julai 8, 2023 18:41 MYT
Sarawak signed an MoU with MAG to start discussions on the acquisition of MASWings
The Sarawak State Government signed an MoU with MAG, the parent company of MASWings Sdn Bhd, to discuss the takeover of the regional airline. -Photo file/FB MASwings
KUALA LUMPUR: The Sarawak State Government signed a memorandum of understanding (MoU) with Malaysia Aviation Group (MAG), the parent company of MASWings Sdn Bhd, to discuss the takeover of the regional airline.
The MoU also aims to establish clear parameters, define the scope, set a timeline, and facilitate a smooth acquisition process, according to a statement by Sarawak Transport Minister Datuk Seri Lee Kim Shin, in conjunction with his visit to Khazanah Nasional Bhd yesterday.
Lee led a delegation from the state with the main objective of briefing Khazanah on the proposed takeover of MASWings.
The delegation was a follow-up to a meeting with Transport Minister Anthony Loke on June 30, 2023, which took place in Putrajaya.
The meeting also discussed the issue of connecting existing air routes that affect Sarawak, especially direct international flights.
Sarawak currently only has three direct international routes which are Singapore, Bandar Seri Begawan and Jakarta.
"Therefore, there is a need for concerted efforts to create more direct international routes to promote tourism, trade and investment.
"Accordingly, the Sarawak government has decided to establish its own airline through the acquisition of MASWings," the statement said.
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