Christoph Mueller, the CEO of Irish airline Aer Lingus, is named the new CEO of Malaysia Airlines (MAS) by Malaysian sovereign wealth fund Khazanah Nasional. The German aviation veteran will be appointed as CEO-designate from 1 January 2015 and nominated as non-executive director of the Board of MAS. Discussions are ongoing for Mueller to take full helm of Malaysia Airlines between March and May next year. He will be the first non-Malaysian to head the airline. “It is imperative … [Read more...] about Aer Lingus’ chief picked to head new MAS
Malaysia Airlines
Aer Lingus’ chief picked to head new MAS
Christoph Mueller, the CEO of Irish airline Aer Lingus, is named the new CEO of Malaysia Airlines (MAS) by Malaysian sovereign wealth fund Khazanah Nasional. The German aviation veteran will be appointed as CEO-designate from 1 January 2015 and nominated as non-executive director of the Board of MAS. Discussions are ongoing for Mueller to take full helm of Malaysia Airlines between March and May next year. He will be the first non-Malaysian to head the airline. “It is imperative … [Read more...] about Aer Lingus’ chief picked to head new MAS
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”
ICAO-led Task Force on conflict zone overflight
Expressing their strong condemnation of the use of weapons against civil aviation, the International Civil Aviation Organisation (ICAO), the International Air Transport Association (IATA), Airports Council International (ACI) and the Civil Air Navigation Services Organisation (CANSO), have agreed to immediately establish a senior-level Task Force in response to the shoot-down of Malaysia Airlines Flight MH17. At the meeting in Montreal earlier this week the civil aviation organisations said … [Read more...] about ICAO-led Task Force on conflict zone overflight
