Kuala Lumpur: Malaysia Airlines Bhd’s parent company, Malaysia Aviation Group (MAG), is diversifying its business into non-airline non-passenger, namely aviation services and loyalty and travel solutions (LTS), in the next five to 10 years in order to future-proof the organisation.
MAG group managing director Datuk Captain Izham Ismail said the group has made commendable strides to recover from the unprecedented challenges brought on by the Covid-19 pandemic.“We have managed to maintain our cash-positive position for 21 consecutive months since October 2021 with a growing cash balance close to RM5 billion.
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