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Company News, Business

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Malaysia Airlines to acquire 20 planes

The A330neo Airbus is powered by Rolls-Royce Trent 7000 engines. (AFP)
By TRENDS Desk AFP
August 15, 2022 8:22 pm
  • The plane was worth $296.4 million according to the last published catalogue prices in 2018.
  • The A330neo will gradually replace 21 older-generation A330neo planes in the Malaysia Airlines fleet.

Malaysia Airlines has agreed to acquire 20 Airbus A330neo planes to update its fleet of widebody jets, the European aircraft-maker said Monday.

Under the deal, the southeast Asian airline will buy 10 planes from Airbus and lease the 10 others from Avolon, a Dublin-based aircraft leasing company.

No figures were released for the transaction, but the plane was worth $296.4 million according to the last published catalogue prices in 2018.

Airlines usually pay less than the listed prices. The more fuel-efficient A330neo will gradually replace 21 older-generation A330ceo planes in the Malaysia Airlines fleet.

The A330neo is powered by Rolls-Royce Trent 7000 engines.

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