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Want to buy an A380? Malaysia Airlines is selling superjumbos

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As the pandemic continues to ground jets across the world, Malaysia Airlines is selling theirs

Malaysia Aviation Group has launched a tender for the sale of six Airbus A380-800 aircraft or their components.

The company made the announcement in a post to LinkedIn on Thursday.

MAG, which is the parent of national carrier Malaysia Airlines and underwent a restructuring earlier this year, invited interested buyers to send in proposals to either purchase the aircraft or parts.

Malaysia Airlines has been looking for some time to dispose of its A380 fleet, deeming the superjumbo aircraft as non-profitable.

It follows the Group Chief Executive Officer Captain Izham Ismail leading the airline towards completion of its debt restructuring.

Ismail stated the group was convinced that the fleet did not fit its future plans, as it “restrategised to position its business as a global travel group”.

More airlines ditch the A380

Airbus has now officially concluded its A380 programme – meaning the aircraft maker does not plan to build any more of the double-decker jets.

The aircraft has been popular with Middle Eastern carrier, Emirates, the worlds largest operator of the superjumbo jet.

But other airlines are moving away from it, citing it not viable due to its operational costs and massive fuel consumption.

Thai Airways which is undergoing a court-approved restructuring, has also been looking to sell the same aircraft in its fleet, while HiFly has also ditched the jet entirely, already.

Some may fly again

Australian airline, Qantas has grounded all of its A380’s however CEO Alan Joyce says ‘they will fly again’

The Aussie carrier saw the superjumbo operate on popular routes between Australia and the US, Australia and Singapore as well as Australia and the Middle East.

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Nintendo’s live presentation sets the stage to end the financial year with a bang

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PlayStation 5 has received a fresh Discord update, enhancing your social gaming experience. Connect with friends, join voice chats, and stay in the loop directly from your console.

Prepare for a thrilling showcase packed with game reveals, exclusive trailers, and updates on your favourite Nintendo franchises.

Whether you’re a fan of Mario, Zelda, or new indie titles, this Direct promises to deliver something for everyone. Mark your calendars and get ready for a gaming extravaganza!

Emily Leaney joins to discuss the latest.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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