Malaysia Airlines to cut costs for non-critical parts by 15% under VDP plan

  • 📰 staronline
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 75%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Malaysia Airlines the VDP would reduce turnaround time and helping boost operational efficiency.

“An additional benefit of sourcing locally would be that Malaysia Airlines would be able to decrease its exposure to foreign exchange volatility, ” it said in a statement.

VDP is a programme that has been carried out by the government in order to develop small and medium enterprises among local entrepreneurs.There will be five initial pilot projects for the VDP programme within Malaysia Airlines, mainly in sourcing additive manufacturing, carpets, seat upholstery, aircraft cleaning materials and chemicals.

“By signing the MoU with the Ministry of Entrepreneur Development, we are also able to create a multiplier effect within the domestic economy by developing an eco-system for local vendors to support their businesses.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia barred Cambodia's Rainsy from flight to Jakarta: MAS'Malaysia Airlines denied boarding of the said passenger under the instruction of the Indonesian authorities.'
Source: malaysiakini - 🏆 20. / 51 Read more »

Over 60pc of Petronas consultants are local firms, says AzminKUALA LUMPUR: A total of 108 local companies have reaped contracts worth about RM9bil from Petronas’ vendor development programme (VDP), as of October this year.
Source: NST_Online - 🏆 17. / 53 Read more »

Local consultants still dominate 60% of Petronas contractsKUALA LUMPUR: Some 108 companies have benefited from Petronas' vendor development programme (VDP) with contracts worth about RM9bil as of October this year, the Dewan Rakyat is told.
Source: staronline - 🏆 4. / 75 Read more »

Correct the perception, says AzminNSTnation: The perception is as though it will have a major impact against Malaysia Airlines or any airlines coming out of Malaysia - Azmin
Source: NST_Online - 🏆 17. / 53 Read more »

Heads must roll, PM's comm man says after US air safety downgradeA Kadir Jasin says the FAA rating comes at a critical time as Malaysia prepares to attract tourists next year. FMTNews Aviation AKadirJasin
Source: fmtoday - 🏆 5. / 72 Read more »

Azmin: US aviation listing won’t affect Malaysia Airlines but negative perception needs correcting | Malay MailKUALA LUMPUR, Nov 12 — Economic Affairs Minister Datuk Seri Mohamed Azmin Ali today assured that the recent listing of the Civil Aviation Authority of Malaysia (CAAM) as a Category 2 aviation regulator by the US Federal Aviation Authority (FAA) will not have a major impact on Malaysia Airlines...
Source: malaymail - 🏆 1. / 86 Read more »