BC Tam 2 Report post Posted May 2, 2007 Sourced from theStar online : PMB opens bid for 18 B737-400 PETALING JAYA: Penerbangan Malaysia Bhd (PMB) is offering interested parties an opportunity to bid for eighteen B737-400 aircraft with leases attached. PMB said in a notice posted on its website on Monday that the aircraft sale would be divided into two lots of nine planes each. Bids could be offered for one lot or both. The 18 aircraft are currently leased to national carrier Malaysian Airline System Bhd (MAS). After the sale, they will be leased to MAS by the buyers on identical operating lease agreements. The closing date for the bids is May 14. After the sale, PMB would still own seventeen B737-400 aircraft. Malaysia Airlines B737-400 PMB, a wholly owned subsidiary of Khazanah Nasional Bhd, is the parent company of MAS. Besides the domestic airline business, it is also involved in the acquisition, sale and leasing of aircraft and aircraft engines. Any possibility of a MyWings investment consortium ?? MAS : [stock Watch] [News] For latest Bursa Malaysia indices, charts and other information click here Share this post Link to post Share on other sites
KK Lee 5 Report post Posted May 2, 2007 Sales and lease back will add leasing cost to MAS. There is only 2 reasons why PMB need to do this; 1. PMB need cash. 2. This sale and lease back deal is mean for someone to milk MAS. Knowing business culture in Malaysia, it is a waste of resource to pursue this deal. Share this post Link to post Share on other sites
