This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

When most Americans think of Malaysia Airlines, our thoughts immediately go to the airline’s terrible losses in 2014. After all, the disappearance of MH370 and shooting down of MH17 are hard to forget.

However, the airline has moved on from those tragedies — going from being “technically bankrupt” in 2015 to an airline that’s growing once again. Those of us who’ve flown Malaysia aren’t surprised. On long-haul and short-haul routes, we’ve experienced friendly service and good food.

Turns out, Malaysia Airlines has experienced so much growth that it doesn’t have enough aircraft to match all of the demand.

In addition to purchasing six second-hand Airbus A330s this week, the airline said it’s in “early negotiations with Airbus and Boeing for the purchase of 35-40 new long-range jets.” Reportedly, the decision is coming down to either the ~290-seat Boeing 787-9 or the ~287-seat Airbus A330-900neo. However, the airline isn’t sure that its getting the best deal and is concerned that neither Boeing or Airbus will deliver enough planes on time.

IMG_7720-830x553 2
Economy class on Malaysia Airlines’ Airbus A380.

Malaysia Airlines CEO Peter Bellew explains it simply: “We just need lift.” (Lift is the industry term for available seats.) Even after buying six used A330s, it seems the airline is still short of empty seats for its aggressive regional expansion plans.

This purchase of 40+ long-haul aircraft is a huge deal for an airline that currently has just 26 long-haul aircraft in active rotation (18 Airbus A330s, 6 Airbus A380s — which it recently considered selling — and 2 Boeing 747s).

According to AirFleets, Malaysia has an additional 24 wide-body aircraft currently stored, half of which are (understandably) Malaysia’s retired 777 fleet, which was the aircraft type involved in both 2014 tragedies. Another three are Boeing 747-400s, which are known for their fuel inefficiency compared to modern aircraft. There are also eight Airbus A330-300s in storage, a peculiar situation since the airline claims to be in dire need of aircraft.

One thing’s for sure — Malaysia Airlines seems to have turned itself around. From disastrous tragedies in 2014 to near-bankruptcy in 2015, the airline is back and growing faster than many of us would expect.

H/T: Reuters

The Business Platinum® Card from American Express OPEN

LIMITED TIME OFFER. Aside from the 100,000 points welcome bonus (available until 8/8/18), Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at Amextravel.com and cardholders will receive a $200 airline fee credit each year.

Apply Now
More Things to Know
  • Limited Time Offer: Earn up to 100,000 Membership Rewards® Points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 & an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership. Offer ends 8/8/18.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on amextravel.com.
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
  • Terms Apply
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
N/A
Annual Fee
$450
Balance Transfer Fee
See Terms
Recommended Credit
Excellent Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.