Malaysia Aviation Group (MAG) has obtained the highest possible rating for its Islamic sukuk programme from MARC Ratings, in the agency’s inaugural credit rating of the aviation firm.
In a press release, MAG said this reflected the group’s steady financial discipline, operational performance and ongoing execution of the third iteration of its long-term business plan.
It said the rating reinforced its strategic position as the parent company of national carrier Malaysia Airlines and Malaysia’s top integrated aviation services provider.
MAG also said it is actively advancing key strategic projects to support the momentum of its next phase of transformation, as it seeks to build capacity and expedite commercial expansion.
This includes investments to modernise its fleet, grow its network and expand infrastructure, including the development of a new in-flight catering facility.
MAG said it continuously evaluates diverse, proactive capital options that align with its financial goals, such as the sukuk programme, to fund its initiatives sustainably.
MAG president and group CEO Nasaruddin A Bakar said the company’s trajectory under its long-term business plan was guided by sound financial planning, operational rigour and clear commercial priorities.
“MARC Ratings’s affirmation provides support for our strategic direction as we plan beyond 2030. We remain focused on pursuing growth in a measured way, including enhancing our network and in-flight services and scaling our technical maintenance, repair and overhaul capabilities.
“These investments also contribute to Malaysia’s ambition to become a leading regional aerospace hub, and support the development of the national aviation ecosystem,” Nasaruddin said.
