Malaysia Aviation Group Bhd (MAG) has appointed Peter Bellew as the new group managing director and CEO of Malaysia Airlines Bhd (MAS) in place of Christoph Mueller who resigned unexpectedly after serving about half his three-year term. Bellew, who is currently the chief operating officer, begins his term from tomorrow, 1 July. Malaysia Airlines now has its third CEO in two years following two fatal air crashes in 2014 that devastated the already unprofitable carrier. Khazanah Nasional Bhd - … [Read more...] about Malaysia Aviation Group names new CEO for Malaysia Airlines
Khazanah Nasional
Malaysia Airlines CEO Mueller surprises with early resignation
In a surprise move Malaysia Airlines Bhd (MAB) CEO and managing director Christoph Mueller has announced his departure from the airline effective September 2016, but intends to remain as its non-executive director. In a statement, MAB said Mueller, who made immense contribution in the restructuring of Malaysia Airlines, had requested to depart before the end of his three-year contract due to "changing personal circumstances”. Mueller joined the Board of Malaysia Airlines System Bhd as a … [Read more...] about Malaysia Airlines CEO Mueller surprises with early resignation
Malaysia Airlines to cut 6,000 staff
Malaysia Airlines has announced that it will slash 6,000 jobs, reduce its route network, and replace its CEO as part of recovery plan after being hit by two disasters this year. State investment fund Khazanah Nasional, which controls the failing flag carrier, said it would pump 6 billion ringgit (US$1.9 billion) into the airline, hoping the changes will return the company to profitability by 2018. The airline released a statement saying its flights would operate as normal … [Read more...] about Malaysia Airlines to cut 6,000 staff
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
Malaysia Airlines to delist for “complete overhaul”
Malaysia's state investment company said Friday it plans to make Malaysia Airlines fully government owned by delisting it from the country's stock exchange in order to undertake a major overhaul of the beleaguered carrier. Currently estimated to be bleeding $2 million a day after two major disasters – the disappearance of MH370 and the shoot down of MH17 – this year added to its longstanding financial problems. Malaysia Airlines hasn’t been profitable for the past three … [Read more...] about Malaysia Airlines to delist for “complete overhaul”
