Sarawak Premier Abang Johari Openg has failed to meet his self-imposed end-of-December 2024 deadline to finalise the acquisition of MASwings (MY, Kota Kinabalu) from Malaysia Aviation Group. He told local outlets on December 30 that he now wanted to close the deal sometime in the first quarter of 2025, pending a third-party valuation of the assets.

The premier said an in-principle agreement was in place for the state government to acquire the regional carrier, but the parties have differing valuations and were not ready to…

Source: ch aviation
Read more: Sarawak gov't defers MASwings acquisition to 1Q25