May 20, 2020

Boeing lands $5.5 billion deal with Malaysia Airlines

Malaysia Airlines CEO Peter Bellew
Boeing $5.5 billion deal Malaysia Airlines
Christoph Mueller Malaysia Airlines
MH370 and MH17 Malaysia Airlines
1 min
Boeing lands $5.5 billion deal with Malaysia Airlines

Malaysia Airlines has announced plans that it will be purchasing 50 Boeing aircraft for $5.5 billion as it continues to recover lost business after two major disasters in 2014.

Malaysia’s national carrier said that it has placed firm orders for 25 Boeing 737 MAX jets as well as purchase rights for another 25 with deliveries to commence in 2019.

Newly appointed CEO Peter Bellew said: “This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares.”

Malaysia’s state investment fund Khazanah Nasional privatised the airline in 2014 following the two disasters that year; it also brought in German airline turnaround specialist Christoph Mueller in 2015. Malaysia Airlines’ fleet is currently made up of 56 Boeing 737-800s as well as smaller numbers of Airbus planes.

The MH370 and MH17 of 2014 saw the airline teeter on the edge of bankruptcy as flyers feared another repeat. Mueller responded with rescue plan that cut 6,000 jobs and significantly reduced the number of routes. 

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SOURCE: [Borneo Post

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Jul 17, 2021

Coal India Secures First-Of-Its-Kind Digital Deal

2 min
Coal India Limited has secured a new deal with Accenture Solutions to consult on enhancing mining performance and production through a digital endeavour

Coal India Limited (CIL) has appointed Accenture Solutions to digitally transform seven of its open-cast mines as the company strives to improve performance and increase coal production. Accenture is due to lay down digitalisation groundwork until March 2022.

The deal aims to increase coal production by 100 million tonnes (MT) by the end of FY’23. Once the minimum quantity has been surpassed, an agreed sum will be paid to the consultant for every additional sum of coal produced. This success fee will only be paid on the procurement of the minimum assured quantity. 

The move will see heavy earth moving machinery (HEMM) fitted with digital sensors to monitor performance efficiency at all levels. Additionally, modern data analytic techniques aim to increase mine productivity and project monitoring through functional system management and effective observation. 

An Exciting Venture For Global Mining

CIL, which aims to provide energy security in an environmentally and socially sustainable manner, hopes the move will help transform the entire business of mining operations and ensure higher volumes of coal are acquired at a lower cost. 

“This is a first of its kind initiative by the company utilising digitalisation to ramp up coal output,” CIL has said. 

A Digital Step Towards Enhanced Performance

Digitalisation is expected to take place at open-cast mines in Kusmunda, Gevra, Dipka of Southern Eastern Coalfields (SECL), Migahi, Jayant, Dudhichua, and Khadia of Northern Coalfields (NCL). Nearly 32% (188 MT) of CIL’s 596 MT output in FY’21 was accounted for by the seven selected mines. However, this new deal is set to see a large increase following the subsequent digital changes due to be made.  

“Learning from the outcome and success of this model, we may replicate it in our other large mines,” says CIL, optimistic about the future following the modernisation of their mining. 

It is expected that the move will help address roadblocks and guarantee corrective measures are put into place, ensuring the company is able to move forward with its aim of increasing output whilst remaining sustainable and eco-friendly.

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