PETALING JAYA: Malaysia Aviation Group (MAG) has unveiled its Long-Term Business Plan 3.0 (LTBP3.0), a focused five-year (2026-2030) roadmap aimed at strengthening its competitive position and reinforcing its standing as Asia’s leading travel and aviation services group.
LTBP3.0 builds on the strong momentum established under LTBP2.0, which was introduced in 2020 as part of MAG’s successful financial restructuring which saw it reduce liabilities by over RM15 billion and eliminated RM10 billion in legacy debt.
Since then, MAG has recorded its strongest performance in over a decade, including sustained profitability with three consecutive years of operating profit and two consecutive years of positive net income after tax; welcomed 22 next-generation aircraft, driving fleet modernisation, expanded routes and enhanced customer experience; stronger non-air revenue streams, now contributing 18% of the group’s revenue in 2024, supported by consistent growth and new opportunities, such as the leasing of Hangar 4 at Subang Airport to expand maintenance, repair and overhaul capacity and capability.
MAG Group managing director Datuk Captain Izham Ismail said, “The progress we have made under LTBP2.0 reflects the capability and resilience of our people across the group, and it gives us the confidence to move into our next chapter with greater ambition.
“LTBP3.0 marks a shift from stabilisation to scaled and disciplined growth. It sharpens our premium position and deepens the value we create across our broader aviation ecosystem.”
At the heart of this plan, he added, is a focused network and fleet strategy that positions them for the next horizon of growth, enabling them to serve customers with greater reach, efficiency and an elevated customer experience, and their ambition to see Malaysia Airlines ranked among Skytrax’s Top 10 Global Airlines by 2030.
At the core of LTBP3.0 are bold, measurable outcomes aligned to MAG’s Destination 2030 aspirations, setting sights on where the group envisions itself by 2030. These include positioning Malaysia Airlines among Skytrax’s Top 10 Global Airlines (from 27nd today); doubling the group’s topline revenue to more than RM24 billion; and driving more than 60% growth in third-party revenue across its aviation services businesses.
Collectively, these targets are designed to strengthen MAG’s long-term financial resilience, elevate Malaysia’s global connectivity and reinforce the group’s role as a catalyst for national development.
To achieve its long-term targets, LTBP3.0 is anchored on four strategic pillars that will be supported by key enablers including, people, processes, digital innovation and sustainability.
☻ MAG will deliver premium, end-to-end travel experiences that set new benchmarks for Malaysian Hospitality – from call centres to cabins – by elevating personalisation, service quality and seamless journey execution. This is underpinned by capacity expansion by over 50% at an average annual growth rate of 8.5%; continued fleet renewal, including investment in 40 A330neos, 43 Boeing 737-8s and 12 Boeing 737-10s, supporting the ambition to operate a modern mainline fleet of 116 aircraft by 2035.
☻ MAG will build stronger, smarter partnerships to extend its global reach, enabling seamless travel across more than 1,100 destinations worldwide. These collaborations will strengthen Malaysia’s position as a connected aviation hub and unlock new value across the travel and aviation ecosystem.
☻ Build strong organisational capabilities by developing talent and technical expertise through structured upskilling, while embedding continuous improvement and best-in-class practices across all functions to deliver consistent, world-class operational standards across MAG.
☻ Strengthen financial resilience by growing third-party businesses beyond the Airline Business, supported by expanded cargo capabilities, end-to-end in-flight catering capability and greater synergies across MAG through coordinated commercial and shared capabilities; enhancing the group’s overall influence within the broader aviation ecosystem.
