MMAG Holdings wants to take over SriLankan Airlines

Honor (Photo: Sri Lankan Airlines).
Honor (Photo: Sri Lankan Airlines).

MMAG Holdings wants to take over SriLankan Airlines

Honor (Photo: Sri Lankan Airlines).
Advertising

The Sri Lankan government's efforts to divest a majority stake in SriLankan Airlines has reached a new chapter as conglomerate Supreme Global has emerged as a potential suitor. This development was confirmed by an official announcement from MMAG Holdings Berhad, which has entered into a commercial agreement with Supreme Global to establish and operate a cargo feeder network if Supreme Global takes control of SriLankan Airlines.

The government of Sri Lanka has initiated the sale process of its national airline and the deadline for potential bidders is April 22, 2024. At least six parties, including well-known names such as AirAsia Consulting Sdn Bhd and Hayleys PLC, have reportedly participated in the tender process. Supreme Global's involvement in this process brings a new dynamic to the bidding field and signals potential changes in Sri Lanka's aviation landscape.

The agreement between MMAG Holdings Berhad and Supreme Global stipulates that MMAG Aviation Consortium Sdn Bhd will provide cargo aircraft and operational support to establish and manage an efficient cargo feeder network for SriLankan Airlines if Supreme Global is awarded the contract. This marks a strategic move for Supreme Global as it expands its operations into the aviation and logistics industries.

MMAG Holdings Berhad, through its subsidiary MJets Air Sdn Bhd Kargo Xpress, is already active in cargo aviation and operates a fleet of B737-800(BCF)s. The experience and resources that MMAG brings to this agreement could be crucial in optimizing SriLankan Airlines' operations, particularly in the area of ​​cargo transportation.

Supreme Global, an emerging company with diverse business interests, could further strengthen its position in the market by acquiring SriLankan Airlines. The experience and resources the company has invested in various industries could also help transform SriLankan Airlines into a profitable and competitive airline.

However, the development of this potential deal also raises questions, particularly regarding the future of SriLankan Airlines and the impact on employees, passengers and the Sri Lankan aviation sector as a whole. As negotiations progress, it remains to be seen which bidder will ultimately win and how this will impact the country's airline industry.

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Editor of this article:

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
[ssba buttons]

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

About the editor

René Steuer is an editor at Aviation.Direct and specializes in tourism and regional aviation. Before that, he worked for AviationNetOnline (formerly Austrian Aviation Net), among others.
[ssba buttons]

Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

Your
Aviation.Direct team
paywalls
nobody likes!

Leave a Comment

Your e-mail address will not be published. Required fields are marked with * marked

This website uses Akismet to reduce spam. Learn more about how your comment data is processed.

Advertising