MAG Secures Fuel Supply, Optimises Hedging Strategy Amid Global Volatility
KUALA LUMPUR, April 2 (Bernama) —Malaysia Aviation Group (MAG) has secured sufficient fuel supply to sustain operations as per current fuel contract, despite growing concern over shortages and rising oil prices globally.
The assurance comes amid concerns that some regional carriers may face fuel constraints as early as mid-year due to supply disruptions.
President and group chief executive officer Captain Nasaruddin A Bakar said MAG’s position is supported by contractual supply arrangements across both domestic and international markets.
“We have secured commitments from our suppliers, both domestic and international…certain states and certain countries have a limitation in terms of the fuel uplift,” he told a press conference at the MAG 2025 Financial Performance here today.
He said MAG has been optimising fuel management by procuring additional fuel from selected stations to ensure uninterrupted operations.
At the same time, Nasaruddin said the group is actively managing cost risks through a disciplined fuel hedging strategy to cushion against price volatility.
-- BERNAMA