Malaysia Aviation Group sells MASwings airline to Sarawak state government

MAG Silver

12/02/2025 10:13

KUALA LUMPUR, Feb 12 (Reuters) - The Malaysia Aviation
Group has signed an agreement on the sale and transfer of its
MASwing airline to the Sarawak state government with the deal
expected to be completed by the end of the year, MAG said on
Wednesday.
    No financial details of the deal were given. It follows a
memorandum of understanding signed with the Sarawak-owned
Hornbill Skyways company on October 27, 2023 to acquire a
majority stake in MASwings from MAG.
    “The transfer is expected to be completed by the end of the
year, with MAG working closely with all stakeholders, including
shareholder Khazanah Nasional Berhad, to ensure a seamless
transition and compliance with all relevant legal and regulatory
frameworks,” MAG said in a statement. 
    Throughout the transition period, MAG said MASwings will
continue operating as usual under its purview, with no
disruptions to flight schedules. 
    State media Bernama reported that the Sarawak government
renamed MASwings to AirBorneo, with the airline expected to
operate as a full-service carrier. 
    "By taking this strategic step, we are positioning Sarawak
as an aviation hub for Borneo and a gateway to ASEAN, opening
doors to new opportunities and fostering greater connectivity
and accessibility to both domestic and international
destinations,” state premier Abang Johari Tun Openg was quoted
as saying.
    

 (Reporting by Ashley Tang; Editing by Emelia Sithole-Matarise)
 ((ashley.tang@thomsonreuters.com;))