Air Freight and Logistics
Company Overview of MASKARGO Sdn. Bhd.
MASKARGO Sdn. Bhd. operates as an air cargo transportation company. It offers express handling, cargo transhipment, ground handling, dangerous goods handling, shipping and packing guide, i-port, training, and charter services. The company also provides i-secure for vulnerable cargo requiring high security service from point of acceptance to point of delivery, as well as operates facilities, such as animal hotel, cargo centre, business centre, and perishable centre. It serves freight forwarders, shippers, and airlines. MASKARGO Sdn. Bhd. was formerly known as Malaysia Airlines Cargo Sdn. Bhd. and changed its name to MASKARGO Sdn. Bhd. in June 2011. The company was founded in 1972 and is headq...
1M, Zone C, Advanced Cargo Centre
KLIA Free Commercial Zone
Southern Support Zone
Kuala Lumpur International Airport
Founded in 1972
Key Executives for MASKARGO Sdn. Bhd.
Chief Executive Officer and Managing Director
Chief Information Officer and General Manager of Group IT
Managing Director of MASkargo
Senior Vice President Global Sales & Government Affairs
Compensation as of Fiscal Year 2014.
MASKARGO Sdn. Bhd. Key Developments
Investors Reportedly Eye Malaysian Airline
May 20 14
Several local businessmen are said to have made an initial approach to take over Malaysian Airline System Bhd (KLSE:MAS), which is in the midst of revising its turnaround plan after it was derailed by the disappearance of flight MH370 on March 8, 2014. According to sources, the Ministry of Transport recently received an expression of interest from several businessmen. Talk is rife that they include tycoon Tan Sri Syed Mokhtar Al-Bukhary, Tan Sri Ahmad Johan, the Airod Sdn Bhd president, and Indonesian billionaire Peter Sondakh. However, it was not clear whether they are looking to buy the whole airline, certain business units of the airline or its aircraft. It was earlier reported that MAS may be considering spinning off its non-core business divisions such as Malaysian Aerospace Engineering Sdn Bhd. Apart from its maintenance, repair and overhaul (MRO) division, the national airline also operates MASKARGO Sdn. Bhd. Sources told The Edge Financial Daily on May 19, 2014 that it would make sense for Ahmad to buy MAS' MRO business unit as it would complement Airod's strength as a one-stop aircraft maintenance facility.
Cathay Pacific, Thai Airways International and MASkargo System Berhad Settle Cargo Cartel Suit
Apr 22 13
Three more airlines have settled with the Commerce Commission in the long-running air cargo cartel case, paying $9.6 million in penalties, and leaving national carrier Air New Zealand as the final airline yet to do so. In the High Court, Cathay Pacific was ordered to pay $3.4 million, Thai Airways International $2.7 million and MASkargo System Berhad, replacing Malaysian Airlines, $2.6 million for fixing air cargo prices between February 2000 and February 2006. The airlines were also ordered to pay the commissions' costs. That takes the total penalties to more than $35 million. The alleged price-fixing has been the subject of antitrust process worldwide, with big settlements from multi-national airlines in Europe and the U.S. Some of the alleged agreements appear to have been in place since 2001. The commission has previously received penalties from British Airways, Cargolux Airlines, Emirates, Japan Airlines, Korean Air Lines, Qantas Airways and Singapore Airlines Cargo.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|