Latest news with #MalaysiaAviationGroup
The Sun
21-05-2025
- Business
- The Sun
Malaysia Aviation Group achieves anti-bribery management system certification
PETALING JAYA: Malaysia Aviation Group (MAG) has officially become the first airline group in Malaysia to achieve the ISO 37001:2016 Anti-Bribery Management System (ABMS) certification, reinforcing its strong commitment to zero tolerance for bribery, fraud and corruption within the organisation. This milestone marks the fulfilment of a key governance commitment under MAG's environmental, social and governance (ESG) agenda. MAG managing director Datuk Captain Izham Ismail said, 'An effective anti-bribery system must be driven from the top. This certification is not just a formality, it is a firm declaration of our zero-tolerance stance against bribery, fraud and corruption. ISO 37001 reinforces the controls we have built into every part of our operations, from procurement and policymaking to how we engage with partners be it in Malaysia or our international offices. This certification clearly signals our commitment to conducting business with the highest standards of integrity and our accountability in addressing any instances of non-compliance promptly. 'Trust and governance are not optional – they are the foundation of a sustainable aviation business, and this milestone reaffirms our leadership in that space.' The certification process was supported by MAG's board of directors and group executive committee, and included a detailed corruption risk assessment, the formation of a dedicated working group committee, and the development of the ABMS framework. This was complemented by 16 training sessions, workshops, and awareness campaigns rolled out across key business functions to embed the principles of integrity throughout the organisation. The certification currently applies to group-level functions involving governance, risk, compliance, sustainability and leadership, with controls in place to manage bribery risks across high-impact areas such as procurement, vendor engagement, and third-party interactions.
Borneo Post
21-05-2025
- Business
- Borneo Post
Dr Jerip: Full acquisition of MASwings expected to be finalised by December (Video)
Dr Jerip (right) and state Transport Minister Dato Sri Lee Kim Shin going through the responses for the question-and-answer session at the DUN building today. – Photo by Roystein Emmor KUCHING (May 21): The full acquisition of MASwings Sdn Bhd by AirBorneo Holdings Sdn Bhd is expected to be finalised by Dec 31 this year, with no changes to the current Rural Air Services (RAS) operations, said Datuk Dr Jerip Susil. The state Deputy Minister of Transport said that following the execution of the Sales and Purchase Agreement between AirBorneo Holdings and Malaysia Aviation Group in February 2025, the completion of the transaction is subject to the satisfaction of conditions precedent. 'During the period between February 2025 until December 2025, both parties shall work towards fulfilling the conditions, including but not limited to obtaining the necessary regulatory approvals from the Civil Aviation Authority of Malaysia (CAAM), the Malaysian Aviation Commission (Mavcom), the International Civil Aviation Organisation (ICAO) and the International Air Transport Association (IATA). 'As well as transferring of operating assets from Malaysia Aviation Group (MAG) to AirBorneo Holdings, and carrying out the preparation for the transition of operations from MAG to AirBorneo,' he said during the question-and-answer session at the State Legislative Assembly today. Dr Jerip was responding to Dato Sri Wong Soon Koh (GPS-Bawang Assan), who raised questions about the acquisition process of MASwings and the effect of the change in ownership on the RAS. Regarding whether the change in ownership would disrupt RAS operations, he assured that the schedule, frequency and network of the RAS are expected to remain the same, even after the takeover by the state government. 'In terms of operations, the period between the signing of SPA in February 2025 until December 2025 is to allow for a proper and smooth transition of operations from Malaysia Aviation Group to AirBorneo,' he said. Furthermore, he noted that the entire workforce of MASwings will be retained, leveraging their extensive experience in managing RAS operations to ensure continuity, operational stability, and service reliability throughout and beyond the transition phase. AirBorneo Dr Jerip Susil full acquisition maswings Rural Air Services
Free Malaysia Today
21-05-2025
- Business
- Free Malaysia Today
Sarawak's acquisition of MASwings on track, says deputy minister
The sale and purchase agreement between AirBorneo Holdings Sdn Bhd and Malaysia Aviation Group was signed on Feb 12, with the takeover of MASwings expected to be completed by the end of the year. (Bernama pic) KUCHING : Sarawak is on track to acquiring MASwings Sdn Bhd by Dec 31 this year, marking a significant milestone in the state's efforts to strengthen regional air connectivity through its airline, AirBorneo. Sarawak deputy transport minister Jerip Susil said AirBorneo Holdings Sdn Bhd and Malaysia Aviation Group (MAG) had signed the sale and purchase agreement (SPA) last February and were currently working to fulfil the agreed conditions precedent. 'This includes securing regulatory approval from key aviation authorities such as the Civil Aviation Authority of Malaysia, the Malaysian Aviation Commission, the International Civil Aviation Organisation, and the International Air Transport Association. 'The process also involves the transfer of operating assets from MAG to AirBorneo and preparations for a seamless transition of operations,' he said during the question-and-answer session at the state assembly sitting today. The SPA was signed on Feb 12, with the transfer of MASwings expected to be completed by the end of the year. Jerip was responding to a question from Wong Soon Koh (GPS-Bawang Assan) on whether the acquisition process of buying over MASwings had been completed and if the change in ownership would disrupt the operation of the Rural Air Services (RAS). The deputy minister said that despite the change in ownership, the RAS network for remote and underserved areas in Sarawak and Sabah was expected to maintain its current schedule, frequency, and coverage. 'MASwings's entire workforce will be retained, and their experience will be instrumental in maintaining operational stability and service continuity during and after the transition,' he said. Jerip added that the interim RAS agreement between the federal government and MASwings Sdn Bhd, signed on Dec 19, 2024, would remain in force until its expiry on Dec 31. Sarawak transport minister Lee Kim Shin said the state, together with AirBorneo, was engaging with the federal transport ministry, agencies, and other key stakeholders to work out the terms and conditions of a new RAS agreement. He said this was to ensure continued and uninterrupted air connectivity to rural and remote communities in Sarawak and Sabah. 'This agreement includes that the federal government continues to subsidise RAS because there will be new terms and conditions with AirBorneo,' he said when met by reporters on the sidelines of the sitting.
Malay Mail
21-05-2025
- Business
- Malay Mail
Sarawak to finalise MASwings acquisition by Dec 31, paving way for AirBorneo expansion
KUCHING, May 21 — Sarawak is on track to finalise the full acquisition of MASwings Sdn Bhd by Dec 31 this year, marking a significant milestone in the state's efforts to strengthen regional air connectivity through its airline, AirBorneo. Sarawak Deputy Minister for Transport, Datuk Dr Jerip Susil, said following the signing of the Sale and Purchase Agreement (SPA) between AirBorneo Holdings Sdn Bhd and Malaysia Aviation Group (MAG) last February, both parties are currently working to fulfil the necessary conditions precedent before the transaction can be completed. 'This includes securing regulatory approvals from key aviation authorities such as the Civil Aviation Authority of Malaysia (CAAM), the Malaysian Aviation Commission (MAVCOM), the International Civil Aviation Organisation (ICAO) and the International Air Transport Association (IATA). 'The process also involves the transfer of operating assets from MAG to AirBorneo and preparations for a seamless transition of operations,' he said during the question-and-answer session at the State Assembly sitting today. Dr Jerip was responding to a question from Datuk Seri Wong Soon Koh (GPS-Bawang Assan) whether the acquisition process of buying over MASwings has been completed and would the change in ownership disrupt the operation of the Rural Air Services (RAS). The deputy minister said, despite the change in ownership, the RAS network which serves remote and underserved areas in Sarawak and Sabah, is expected to maintain its current schedule, frequency and coverage. 'MASwings' entire workforce will be retained, and their experience will be instrumental in maintaining operational stability and service continuity during and after the transition,' he said. Responding to Wong's supplementary question, Dr Jerip said the current interim RAS agreement between the federal government and MASwings Sdn Bhd that was signed on Dec 19, 2024, will remain in force until its expiry this Dec 31. Meanwhile, Sarawak Transport Minister Datuk Seri Lee Kim Shin said the state, together with AirBorneo, is engaging with the Malaysia's Transport Ministry, relevant federal agencies and other key stakeholders to work out on the terms and conditions of a new RAS agreement. He said this is to ensure a continued and uninterrupted air connectivity to the rural and remote communities in Sarawak and Sabah. 'This agreement includes that the Federal government continues to subsidise RAS because there will be new terms and conditions with AirBorneo,' he said when met by reporters at the sidelines of the sitting. — Bernama
New Straits Times
21-05-2025
- Business
- New Straits Times
MAG earns Malaysia's first airline anti-bribery ISO certification
KUALA LUMPUR: Malaysia Aviation Group (MAG) has become the first airline group in the country to receive the ISO 37001:2016 Anti-Bribery Management System (ABMS) certification, reflecting its commitment to tackling bribery, fraud, and corruption. MAG said the certification process received strong backing from its board of directors and group executive committee, and involved a comprehensive corruption risk assessment, the establishment of a dedicated Working Group Committee, and the creation of the ABMS framework. "This was complemented by 16 training sessions, workshops, and awareness campaigns rolled out across key business functions to embed the principles of integrity throughout the organisation," it added. The certification covers group-level functions related to governance, risk, compliance, sustainability, and leadership, with established controls to mitigate bribery risks in key areas such as procurement, vendor relations, and third-party dealings. The aviation group also said it maintains a publicly accessible whistleblowing platform, providing a safe and confidential channel for reporting any suspected misconduct. "Within the organisation, the group business integrity unit currently has two certified integrity officers (CeIOs), with plans to certify more personnel across departments to ensure the ABMS is sustained and embedded throughout the group," it said. MAG said it plans to gradually extend the certification to cover additional business pillars and entities, aiming to build a business ecosystem rooted in integrity and ethical practices at every level. Its group managing director Datuk Captain Izham Ismail said a strong anti-bribery system needs to be led from the highest level of leadership. "This certification is not just a formality, it is a firm declaration of our zero-tolerance stance against bribery, fraud, and corruption. "ISO 37001 reinforces the controls we have built into every part of our operations, from procurement and policymaking to how we engage with partners, be it in Malaysia or our international offices," he said. Izham stated that the certification is a clear reflection of MAG's dedication to upholding the highest standards of integrity and its responsibility in swiftly addressing any breaches of compliance. He said trust and good governance are essential and not optional as they form the backbone of a sustainable aviation industry, and this achievement reinforces MAG's leadership in that area.
