Wednesday, 5 December 2007

Malaysia Airlines close to buying up to 8 superjumbos

Airbus are looking at a record year for aircraft orders as they are currently in talks with Malaysia Airlines to sell more A380 jets to them.

MAS, Malaysia's biggest carrier are near to confirming 6 A380s with the possibility of an extra 2 within months. However with Airbus looking more towards making profit on the superjumbos in the Far East, MAS may still struggle to fill the aircraft if air travel numbers decrease.

``The purchase of A380s is quite risky,'' said Hanafi, who has an ``outperform'' rating on Malaysian Air shares at Alliance Research Sdn. in Kuala Lumpur. ``You do need a few A380s, but to expand to a larger fleet, Malaysian Air would be better off buying Boeings'' because it has predominately Boeing Co. fleet.

Malaysia Air despite being on target to exceed 500 million ringgit for next year are still behind Singapore Airlines with regards ordering more aircraft. If they do complete an agreement with Airbus they'll be able to introduce more routes.

The delivery of the A380 scheduled for 2009 could be delayed even longer than that.

``We are working with them on when they would like to have the first one delivered,'' Leahy said.

A compensation settlement won't be seeked until other airlines have completed their negotiations and the Malaysia Air will take a 'pointer' from that.

No comments: