SEPANG: Malaysia Aviation Group (MAG) has placed an order for 30 Boeing 737 aircraft, with deliveries set to be completed by 2030, Prime Minister Anwar Ibrahim announced.
The order consists of 18 Boeing 737-8s and 12 Boeing 737-10s, reinforcing MAG’s commitment to modernizing its fleet and expanding its operational capabilities. The company, which operates Malaysia Airlines and Firefly, also holds an option to purchase an additional 30 aircraft from Boeing.
Anwar highlighted the significance of this investment, describing it as a strategic move to enhance Malaysia’s global aviation standing and economic resilience.
“This milestone is not just about modernising the fleet but also fortifying Malaysia’s position as a key player in global aviation,” he said. “It will improve travel, incorporate modern technology, enhance efficiency, and create jobs, while also driving tourism and strengthening related industries.”
MAG’s managing director, Izham Ismail, confirmed that the aircraft will begin arriving as early as 2029, with all 30 planes delivered within two years. The deal also includes a price-lock option for an additional 30 aircraft, ensuring competitive pricing with minimal adjustments.
Izham emphasized that the timing of the fleet expansion is crucial for maintaining Malaysia Airlines’ competitive edge.
“Aviation market growth in ASEAN is projected at 5.6% over the next five years. Without fleet investments, we risk falling behind,” he said. “However, ordering too soon would be financially unsustainable.”
MAG is currently transitioning to a newer fleet, phasing out its ageing Boeing 737-800s. The company has an existing lease order for 25 Boeing 737-8 aircraft, with 11 already delivered and the remaining set to arrive by 2027.
This move comes after flight disruptions last year, which were attributed in part to delays in aircraft deliveries. MAG’s strategic fleet expansion aims to prevent similar issues while ensuring operational efficiency and market competitiveness.
