MAB could incur heavy losses over the sale of A380s

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) may incur significant losses if it sells its entire fleet of its Airbus A380s, as the current value is already low due to tepid demand and abundant supply for used super jumbo aircraft in the midst of the ongoing economic and health crises. Market observers warned that the national carrier would not be able to receive an attractive valuation on the sale of the A380 due to the weakening demand for air travel, thanks to the global lockdown imposed by countries to curb Covid-19 infection. An… Read More