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
Malaysia Airlines
MASkargo becomes MABkargo, to operate on own AOC next year
The Malaysia Aviation Group (MAG) - an entity which pools subsidiary Malaysia Airlines Bhd, other related companies and equity investments into four distinct business segments - has established a new, stand-alone cargo unit named MABkargo (formerly MASkargo), outgoing CEO, Christoph Mueller, has announced. Unveiling the holding firm's structure, Mueller said MABkargo is expected to secure its own AOC from the Malaysian Department of Civil Aviation (DCA) next year and operate separately from … [Read more...] about MASkargo becomes MABkargo, to operate on own AOC next year
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 turns first profit in years, on track to be in black by 2018
In an interview with The Associated Press on Wednesday, chief executive Christoph Mueller described Malaysia Airlines as a "ship that has many leaks”, but added that the monthly profit was a sign that things are on the right track saying revenue has improved and costs are down, underpinned by low jet fuel prices. Twin disasters in 2014 - including the vanishing of MH370 in March 2014 with 239 people on board and a second B777 carrying 298 people which was shot down over Ukraine a few months … [Read more...] about Malaysia Airlines turns first profit in years, on track to be in black by 2018
Debris found on African coast “almost certainly” from MH370, new debris found
The Australian Government has confirmed that debris recovered from Mozambique is highly likely to have come from MH370. The Minister for Infrastructure and Transport Darren Chester today advised the examination of the two pieces of debris has been completed. The Malaysian Investigation Team for MH370 has found that both pieces of debris are consistent with panels from a Malaysia Airlines B777 aircraft. The two pieces of debris were found separately by members of the public and were flown to … [Read more...] about Debris found on African coast “almost certainly” from MH370, new debris found
MASkargo: Here to stay and staying with freighters
MASkargo will remain a maindeck player despite questions surrounding its future in light of Malaysia Airlines’ intensive restructuring across the whole group, according to its head of cargo. Speaking to Payload Asia on the sidelines of the recent Air Cargo India event, Ahmad Luqman Mohd Azmi, chief executive of MASkargo emphasised the once leading cargo carrier will remain active in the cargo market, although with a slightly leaner freighter fleet. This will see the cargo carrier – a … [Read more...] about MASkargo: Here to stay and staying with freighters
