Speaking at a press conference today, Izham said that while macroeconomic challenges — including the recent tariffs imposed by the US — may increase operating costs, the group is committed to running without relying on shareholder bailouts.

“It’s not fair for shareholders to inject capital due to inefficiencies within the organisation. A company needs to be commercially sustainable in order to operate,” he said.

Izham said any decision on capital injection ultimately lies with the shareholder, particularly if driven by strategic considerations.

Earlier, he said the group still had a strong cash balance of RM3 billion as of Dec 31, 2024 despite not getting any new capital injection from Khazanah since October 2021.

Separately, Izham said MAG has not ruled out future aircraft purchases from Commercial Aircraft Corporation of China (Comac).

Nonetheless, he added, there has not been any formal request for proposal yet.

“We’re still evaluating our options. The door hasn’t closed yet. We remain open to all manufacturers, provided they align with our product strategy and long-term ambitions,” he said.

Comac, which showcased its C919 and ARJ21 aircraft across Southeast Asia last year, has yet to make inroads into the Malaysian market.

Currently, no local carrier — Malaysia Airlines, Firefly, AirAsia, AirAsia X, or Batik Air Malaysia — has a Comac aircraft in its fleet.