Group chief executive officer Capt Izham Ismail said the group’s vision is to become a leading global travel group, focused on delivering customised end-to-end solutions.
MAG planned to transform into a leading global travel and aviation services group as “pure-play aviation” business would not be sustainable. “We are disrupting the current organisation internally for us to fit for the future, ” he told a virtual media briefing on the group’s business updates yesterday.The trajectory, according to Izham, was an extended L-shaped recovery, which pointed at a likely recovery in 2023 and MAG would break even much earlier if the market turned around.
The group is also committed to taking delivery of 25 Boeing 737 Max from 2024, as part of its agreement with Boeing, which is one of its creditors.
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