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Malaysia Aviation Group Announces New Senior Leadership Team

Malaysia Aviation Group Announces New Senior Leadership Team

9 February 2023 Press Release Airline News Organisations & Operators

Malaysia Aviation Group (MAG) today announced the implementation of its Target Operating Model (TOM), which sees MAG operating as a full-fledged operating company (op-co) overseeing Group-level support functions and subsidiaries, which are grouped into three dedicated profit centres, namely Airlines, Loyalty & Travel Solutions, and Aviation Services. With the new organisational structure, the MAG senior leadership team has also been enhanced for better reporting across the Group and business verticals.

Singapore’s tourism sector recovers strongly in 2022, visitor numbers expected to double in 2023

Singapore’s tourism sector recovers strongly in 2022, visitor numbers expected to double in 2023

17 January 2023 Press Release Tourism News Organisations & Operators

Singapore’s international visitor arrivals reached 6.3 million in 2022 (~33 per cent of 2019 IVA), exceeding STB’s forecast of between 4 and 6 million visitors. Tourism receipts (TR) are estimated to reach $13.8 to $14.3 billion[1] (~50 per cent to 52 per cent of 2019 TR). Barring unexpected circumstances, tourism activity is now expected to recover to pre-pandemic levels by 2024.