00:00We just welcome a very significant milestone of Malaysia AirVision Group and Malaysia Airline
00:17with our commitment for growth and replacement of our H737-800.
00:25So in this contractual document of exchange, Malaysia Airline has secured a firm order
00:31of H18737-8 and H12737-10.
00:37Over and above the 25 which we are taking delivery now, we have received 11 already
00:42and another 14 to come in the next one and a half years.
00:46So this new airplane of H18737-8 and H12737-10 is expected delivery commencing 2029 onwards.
00:54However, Malaysia AirVision Group also have an option of 30 more aeroplanes from Boeing.
01:01It will be a combination of H737-8 or H737-10.
01:06Time will tell us depending on the environment at the marketplace in the next few years that
01:12evolve.
01:13So it is a very good milestone, a very fantastic milestone for all of us and we are hoping
01:19with this new additional fleet, H737-8 and H737-10, we will be able to compete at the
01:26marketplace, at the premium marketplace.
01:29And while we continue to run a campaign on the wide-body campaign growth which is currently
01:38ongoing and if it happens, we expect the growth of this fleet from the current wide-body orders
01:47to grow in the Asia-Pacific region circa 2029 onwards.
01:53A few questions only, 2029, no, no.
02:01So we have the current 25, 11 is already here, that delivery will complete by 2026, 2027.
02:10This new order, 18 and 10 will commence in 2029, in two years only, 2029-2030, we will
02:17get all the remaining 30 aeroplanes.
02:20We have an option for 30 more if you want to exercise this.
02:25Captain, is the 18 aircraft that you ordered part of the 25 option that you had previously?
02:33No, it's a totally fresh contract.
02:36But the option, when will it be delivered if you want to check it out?
02:39So the option, to decide on the option will be determined in circa 2027-2028, not so soon.
02:47So the objective, the quick one, the objective is replacement first, the remaining 30 is growth.
02:52What Captain Ismar is speaking to and the Malaysia Aviation Group is focused upon is
02:57the future.
02:59Malaysia Airlines today is one of the world's leading airlines by any standard.
03:05The historic announcement today builds on that and is focused on Malaysia Airlines future
03:12and further, the group will be considering bigger, wider body planes to expand the network
03:20into other parts of the world, as Captain Ismar said in his remarks at the event today.
03:26Over the next 20 years, our commercial market outlook for the Asia Pacific region is, for
03:34Southeast Asia I should say, is 4,700 planes.
03:39The growth is enormous and please keep in mind that 80% of people have yet to get on
03:47a plane.
03:4880% of humanity has not yet flown.
03:51The Boeing company is partnered with Malaysia.
03:56This is a partnership, much more than a commercial relationship.
04:00We have more than 1,000 Malaysians employed in Malaysia now and we will grow that by another
04:0820% over the next two years.
04:12At Kedah in our Boeing composite manufacturing plant, Malaysians are making a little bit
04:18of Malaysia that is going to every Boeing aeroplane in the world.
04:23We are proud of this partnership and we will do the very best that we can to grow our supply
04:30chain, grow our manufacturing presence and in particular, make sure that we deliver on
04:36the confidence and trust shown in us by Malaysian airlines.
04:41Everything that we are doing supports and helps the Prime Minister's vision and ambition
04:47for the country, which as I said, draws from the national anthem, the people living united
04:54and progressing.
Comments