Malaysia Airlines Reviewing Vendor Contracts

Malaysia Airlines Reviewing Vendor Contracts

Malaysia Airlines (MAS) is reviewing contracts with its major vendors and will drop the services of consultancy company PlaneConsult in coming months, according to a report in The Edge Financial Daily.

The move is part of an overall plan to reduce costs by MYR500 million ringgit (USD$157.64 million), a senior company executive was quoted in the report as saying.

Apart from of discontinuing the services of several vendors, senior MAS executives said the airline has also begun a review of its operations to have its own employees take on activities that were previously outsourced.

(Reuters)