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Malaysia Airlines in $A7.3b jets deal

Associated Press Associated Press 28/07/2016

Malaysia Airlines has inked a deal for 50 Boeing Max planes in a deal worth $US5.5 billion ($A7.33 billion) as part of its fleet renewal.

The airline's new CEO, Peter Bellew, says the deal includes 25 firm orders and the right to purchase another 25 jets with deliveries to start in 2019.

Bellew said the carrier is on track to become profitable by 2018 and that it aims to be listed on the local exchange by March 2019.

The ailing national carrier is undergoing an overhaul after it was taken private by the government after the disappearance of its MH370 flight in March 2014.

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