History: A joint initiative of the Ocean Steamship Company of Liverpool, the Straits Steamship of Singapore and Imperial Airways led to a proposal to the government of the Colonial Straits Settlement to run an air service between Penang and Singapore, resulting in the incorporation of Malayan Airways Limited (MAL), on the 12th of October, 1937.
Ten years later, MAL operated its first flight as a national airline, turning from a domestic carrier into an international airlines in just a decade.
In 1963, after the formation of Malaysia, MAL changed its name to Malaysian Airlines Limited and incorporated Borneo Airways soon after. In 1965, after Singapore's separation, MAL became a bi-national airline, changing its name to Malaysia-Singapore Airlines (MSA).
In less than two decades from its creation, MAL grew to over 2,400 employees and a fleet using the Comet IV jets, as well as various other aircraft.
Malaysia introduced Malaysian Airline Limited, which was subsequently renamed Malaysian Airline System, or simply known as Malaysia Airlines. Since 1973, Malaysia Airlines had its highs and lows, but managed to receive over 100 awards in the last decade, especially the notorious "5-star Airline" rating by Skytrax in 2005 and 2006.
In the financial markets, Malaysia Airlines has always been struggling to secure profits and has had several changes in it's ownership and assets being sold, bought and the creation of new models, companies and strategies to bring the company afloat. New aircraft types, better utilisation of the network and times, synergies between other airlines were key in keeping the company alive.
In April 2011, at the Kuala Lumpur International Airport (KLIA), Malaysia Airlines launched its new A330-300 aircraft, the first of 15 aircraft to be delivered to Malaysia Airlines. After the B737-800, it is the second aircraft to sport the dynamic livery with red and blue lines representing the Malaysia Airlines’ corporate colors.
In June 2011, Boeing and Malaysia Airlines announced the airline has exercised an option to purchase 10 additional Next-Generation 737-800s.
In December 2011, Malaysia Airlines reported a net loss of RM1.28 billion for the fourth quarter of 2011, bringing the Group’s full year results to a net loss of RM2.52 billion for the financial year 2011 on the back of a marginal increase in Group revenue (up 2% to RM13.90 billion) and carrying 1.3 million more passengers (totaling 17 million) compared to the previous year.
In October 2012, Malaysia Airlines celebrated its 40th anniversary from the day it took off as Malaysian Airline System Berhad on October 1, 1972. From its beginnings with a fleet of 6 Boeing 737-200 jets, 9 Fokker F27 Friendship and 3 Britten Norman Islanders, the airline has grown to be the undisputed flying ambassador of Malaysia spreading its wings to 76 destinations across the globe. It also started operations with the flagship aircraft A380 to key destinations with these planes wearing a special livery.
In January 2013, Malaysia Airlines became part of Oneworld, thus adding one of Asia’s leading airlines to the global airline alliance that aims to be the first choice for frequent international travellers the world over. As part of the world’s premier global airline alliance, Malaysia Airline strengthened its competitiveness and was able to offer its customers an unrivalled alliance global network served by partners including some of the best and biggest airlines in the world.
In February 2014, after three months of renovation works, Malaysia Airlines launched its refurbished Golden Lounge at Kuala Lumpur International Airport.
Unfortunately, although it was on the way to recovery, a fatal accident occurred on March 8, 2014, when Malaysia Airlines Flight 370 from Kuala Lumpur to Beijing went missing. The Boeing 777-200ER was carrying 227. As well another Boeing 777 was shot down by a ground to air missile on the 14th June 2014, with all passengers and crew perishing in the crash. The company's value went down considerably since then as well as it's entire operation with new strategic plans to bring it back from the black once and for all.
Today, the airline flies almost 50,000 passengers daily to over 100 worldwide destinations and is trying it's best to survive in the harsh market conditions it competes in Key routes. However it's legendary hospitality service and friendliness of its staff is always there and the airline is amongst the top 10 airlines in service and professionalism.