PETALING JAYA, Malaysia – The reincarnated Malaysia Airlines Bhd (MH) is set to embark on a fleet rollover as it seeks to align its resources to meet present demand, Bloomberg reports.
According to the report, MH presently has a fleet of 128 planes, including 57 units of the B737-800 series, 13 units of the B777-200s, six units of the A380-800s and two units of the B747-400s.
However, CEO Christoph Muller believes that the airline ought to focus on operating smaller planes instead.
“Our aircraft size is too large,” he was quoted as saying, adding that its larger planes had been purchased when airlines in the region were dominated the connecting market between Europe and Australia.
“We need to reinvent ourselves,” he told Bloomberg.
As a result, MH is considering a sale of two of its Airbus A380 planes. The carrier is also contemplating the sale of both its 747 freighters and reassessing its 777 fleet, the report adds.
Other areas of focus which the airline is looking into are customer service and digital technology, Muller said.
On the other hand, the rationalisation process of its staff strength is already almost complete.
With the services of 6,000 employees terminated at the end of last month, the new entity made offers of fresh employment to 14,000 staff on June 1. Of these, 98 per cent have responded, with a rejection rate of only 1 per cent.
Having racked up a staggering RM4.9 billion in losses since 2011, the airline was acquired for RM1.38 billion by Khazanah Nasional Bhd. The government’s investment arm has also committed another RM6 billion in a bid to turnaround the beleaguered airline.