The Malaysian Airline System Bhd (Administration) Act 2015 (MAS Act) accommodates the foundation of another substance, Malaysia Airlines Bhd (MAB), with another plan of action to supplant MAS as the national bearer, and in addition for a successful, proficient and consistent intends to move the business, property, rights, liabilities and undertakings of MAS to MAB.
In an announcement on Wednesday, Administrator Datuk Mohammad Faiz Azmi said as the examinations on the move are unpredictable, including laws and expense suggestions crosswise over different purviews, the partners have affirmed the expansion of the present ban.
"In view of these reasons and to accomplish the most ideal results, we have looked for and gotten endorsement for an expansion of the present ban," he said.
Mohammad Faiz, who was designated as the Administrator on May 25, 2015, said following a year of organization, chose resources and liabilities basic to MAB's aircraft operations have been exchanged from MAS to MAB.
These incorporate area and structures, workshop offices, workplaces, stations, air ship and engine vehicles, and in addition contracts for designing administrations, legitimate administrations, fuel supply, providing food, security, framework backing and working capital offices.
He additionally repeated the organization's need of shielding the welfare of the closest relative of the casualties of the disastrous Malaysia Airlines Flights MH370 and MH17.