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Malaysia Aviation Group Signs SPA with Airbus for the Acquisition of Sepang Aircraft Engineering KLIA, 1 October 2026 – Malaysia Aviation Group (MAG) has signed a Sale and Purchase Agreement (SPA) with Airbus for the acquisition of Sepang Aircraft Engineering (SAE), a wholly owned subsidiary of the Airbus Group. The proposed acquisition marks a strategic milestone under MAG's Long-Term Business Plan 3.0 (LTBP 3.0), supporting the Group's strategy to strengthen its engineering and maintenance capabilities, expand its integrated aviation services portfolio and accelerate the growth of third-party revenue. Captain Nasaruddin A. Bakar, President and Group Chief Executive Officer of MAG, said, “It has been a challenging year for the aviation industry, with a constantly changing global environment, volatile fuel prices putting immense pressure on the sector, and challenges that have tested us in many ways. Against this backdrop, as we execute LTBP 3.0, we remain focused on making disciplined investments in areas where we see a clear pathway to sustainable value creation. This means being deliberate about where we deploy capital and prioritising opportunities that strengthen our core businesses, diversify revenue and support the Group’s long-term growth aspirations. The proposed acquisition reflects this approach. It builds on our established engineering and maintenance foundations, positioning MAG to capture opportunities in the growing MRO market and meet increasing third-party demand. SAE further complements MAB Engineering’s existing capabilities through its A320 expertise, dedicated paint hangar and specialised component repair services, while building on the strong technical, operational and quality foundations developed under Airbus' stewardship. Together, these strengths will enable MAG to offer a broader suite of MRO solutions and better serve existing and new third-party customers across ASEAN and beyond. At the same time, we are leveraging Malaysia’s competitive cost-to-skill advantage and established engineering expertise to support the country's accelerated ambition to become a leading regional aerospace hub - strengthening Malaysia’s position and driving the continued growth of the national aviation ecosystem.” The transaction remains subject to the fulfilment of customary Conditions Precedent, including approval from the Civil Aviation Authority of Malaysia (CAAM). MAG will continue to work closely with SAE, CAAM and other relevant stakeholders to facilitate the necessary approvals and ensure a smooth completion of the transaction targeted for 2027. About Malaysia Aviation Group Malaysia Aviation Group (MAG) is a global aviation organisation comprising three core business portfolios: Airline Business, Aviation Services, and Loyalty & Travel Services. The Airline Business portfolio serves global, domestic, and segmented markets through Malaysia Airlines – the national carrier; Firefly – the regional airline focused on connecting communities across Malaysia and ASEAN; and Amal by Malaysia Airlines – the leading one-stop pilgrimage travel solutions centre. The Aviation Services portfolio offers a full suite of capabilities, comprising MAB Engineering, the maintenance, repair and overhaul services provider; MASkargo, the cargo and logistics solutions provider; AeroDarat Services, the ground handling services provider; MAG Culinary Solutions, overseeing all F&B-related strategies, operations and services across MAG; and MAB Academy, the centre of excellence for aviation and hospitality training. The Loyalty & Travel Services portfolio delivers end-to-end travel solutions and loyalty programmes, strengthening MAG’s core expertise in airline and aviation services. It includes Journify – an integrated digital platform offering travel and lifestyle experiences; Enrich – Malaysia Airlines’ award-winning travel and lifestyle loyalty programme; and MHholidays – the Group’s dedicated flight and hotel package platform.