KUCHING, Nov 18: The Sarawak Government and Malaysia Aviation Group (MAG), the parent company of MASwings, are set to finalize a Share Purchase Agreement (SPA) on December 31, marking a key milestone in transferring MASwings’ ownership.
Sarawak’s Minister of Transport, Dato Sri Lee Kim Shin, revealed that once the SPA is signed, the ownership transfer from MAG to the Sarawak Government will take approximately six to nine months, subject to specific conditions.
“During the transition period, MASwings will continue to operate the Rural Air Services (RAS).
“Simultaneously, the company will seek licenses and approvals from Malaysia’s Ministry of Transport, MAVCOM, and CAAM to expand its operations internationally,” he said during his winding-up speech at the Sarawak State Legislative Assembly (DUN) session on Monday.
Post-acquisition, the Sarawak Government plans to transform MASwings into a regional airline covering routes within a four- to seven-hour flight radius, positioning Sarawak as a key regional air travel hub.
This move, he said aligns with Sarawak’s vision to enhance its profile as an international destination and attract foreign investments, with improved air connectivity playing a vital role in achieving these goals.  – TVS
