Wednesday, June 22, 2011

MAS up on aircraft purchase

KUALA LUMPUR: MALAYSIAN AIRLINE SYSTEM BHD [] shares rose on Wednesday, June 22 after the carrier exercised an option to purchase 10 additional Next-Generation 737-800s.

At 9.20am, MAS added two sen to RM1.44 with 37,500 shares traded.

The new Next-Generation 737-800s planes are valued at more than US$800 million.

The additional planes were part of an option under the original deal signed with Boeing in 2008

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