The Sarawak government’s long-awaited acquisition of MASwings Sdn Bhd, a subsidiary of Malaysia Aviation Group, is set to be completed with the signing of a sale and purchase agreement next Wednesday, February 12. State Minister of Tourism, Creative Industry, and Performing Arts, Datuk Seri Abdul Karim Rahman Hamzah, confirmed the update during his speech at the Borneo Cross Border Cycling Tour 2025 dinner on Friday night.
Official Confirmation Expected on February 12
While Abdul Karim shared the news, Sarawak Premier Tan Sri Abang Johari Tun Openg remained tight-lipped when asked about the acquisition during the Sarawak Multimedia Authority’s Chinese New Year celebration.
“Wait for the 12th [of February]. Be patient,” he told reporters, indicating that further details would only be revealed upon the official signing.
Delays and Third-Party Audit
Originally, the acquisition was scheduled for completion by December 31, 2024. However, both parties opted to conduct a third-party audit to assess the full value of MASwings’ assets before proceeding. The deal is expected to mark a significant milestone for Sarawak’s aviation sector, potentially leading to improved regional connectivity and expanded air travel options for the state. Stay tuned for updates on February 12 as the acquisition is finalized.
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