KUALA LUMPUR: Malaysia Aviation Group Bhd (MAG), the parent of national carrier Malaysia Airlines, has confirmed issuing a tender notice on July 12 for interested parties to acquire its Airbus 380 (A380) aircraft and/or components.

       “This follows the group’s decision to exit its A380 fleet post its restructuring exercise completed in March 2021.

       “The airline will follow the due process in evaluating submissions by prospective bidders and expects to complete the exercise in the fourth quarter 2021,” the group told Bernama when contacted yesterday.

       MAG was responding to reports that its wholly-owned subsidiary, MAB Pesawat Sdn Bhd, is conducting an open tender for the sale of six A380-800 aircraft and/or its components.

       Interested parties are invited to send their proposals by Aug 12, 2021.

       To recap, MAB has completed its debt restructuring in just four and a half months – making it the fastest airline organisation in history to drive such exercise in a short period.

       A total of 75 creditors, to which Malaysia Airlines owed approximately RM15bil, were involved in the restructuring plan. — Bernama