Aircraft for sale In Malaysia

October 21, 2016

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Malaysia Airlines selling planes after MH370 & MH17GETTY

Malaysia Airlines is selling off its planes after the double tragedies

The Asian aviation group lost two Boeing 777-200ERs last year, when Flight MH370 disappeared while en route to Beijing from Kuala Lumpur and Flight MH17 was shot down over Ukraine.

But now the company is attempted to restructure its fleet by offering 16 of its aircraft for sale or lease, according to an aviation blog.

The company will reportedly be selling off all six of its Airbus A380s, two Boeing 747-400Fs, four A330-200Fs and four Boeing 777-200ERs.

Reported on the respected aviation website Leeham News and Comment, the page read: "The disposal of all six A380s presents an opportunity to test the market for used A380s and whether a key component to Airbus’ strategy for the super jumbo going forward will work: allow airlines to try out the airplane without having to spent the huge amount of money required to buy new.

"After experiencing the A380, the theory goes, other carriers will understand how this can spur sales.

"This theory was created in anticipation of A380s coming off lease from Singapore Airlines and later Emirates Airlines for airplanes that are 12 years or older. The MAS A380s are considerably younger."

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Malaysia Airlines Flight MH370 disappeared on March 8 last year, leaving behind no trace of wreckage of any sign of the 239 passengers and crew on board.

The search area was narrowed down to a vast section of the Indian Ocean which teams scoured for months on end to no avail.

Following a four-month hiatus, the hunt resumed in October with teams armed with equipment to scour the sea floor.

Investigators believe the aircraft ran out of fuel and crashed somewhere in a 23, 000 square mile region.

Flight MH17 was shot down on July 7 last year - resulting in the deaths of all 298 people on board.

It is widely believed that the plane was blown out of the sky by Vladimir Putin-backed militia during the ongoing Ukraine conflict.

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