PUTRAJAYA: Malaysia Airlines Berhad (MAB) signed a contract with CFM International, and a memorandum of understanding (MoU) with General Electric (GE) today.
MAB finalised its order with CFM International for Leap-1B engines to power 25 firm Boeing 737 Max aircraft orders, which are scheduled to begin delivery in 2020. The order is valued at more than US$630 million (RM2.58 billion) at list price.
MAB also has purchased the rights for 25 additional Leap-1B-powered Boeing 737 Max aircraft. The airline, a long-time CFM56 operator, currently has a fleet of 54 CFM56-7B-powered Boeing 737-800 aircraft.
The contract was signed by CFM International Asia Pacific sales general manager Chris Drewer and MAB group managing director and chief executive officer Peter Bellew.
Meanwhile, MAB and GE signed the MoU to collaborate in areas of leadership development and continuous improvement.
In line with MAB's ongoing restructuring and transformation plan, GE will work hand-in-hand with the airline company in supporting needs for leadership development across the Malaysia Airlines group of companies.
GE’s unique training programmes include change acceleration process, fastworks, Lean SixSigma, leadership, innovation and strategy, as well as customised programmes tailored for the needs of MAB.
GE will also work with MAB to support the roll-out of values in the company, best practice sharing on compliance and integrity, performance management, succession planning, leadership assessment and cultural transformation.
The MoU was signed by Bellew and GE Asean president and chief executive officer Wouter van Wersch.
The signing ceremony was witnessed by Prime Minister Datuk Seri Najib Razak, International Trade and Industry Minister Datuk Seri Mustapa Mohamed, GE chairman and chief executive officer Jeff Immelt and MAB chairman Tan Sri Mohd Nor Mohd Yusof.