[KUALA LUMPUR] Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines, aims to increase the revenue contribution from its maintenance, repair and operations (MRO) business by two-thirds within six years, as it diversifies into non-airline sectors to capitalise on the post-pandemic surge in air travel.
MAG’s managing director Izham Ismail said the move underscored the need to avoid reliance on a single revenue source and to stabilise revenue streams.
“One of the important lessons we have learnt from the Covid-19 pandemic – never put all your eggs in one basket,” he told The Business Times in an interview in Kuala Lumpur.
