New CEO and business model expected for Malaysia Airlines

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Malaysia_airlines_planesMalaysia Airlines is to appoint a new chief executive and reveal a new business model, according to local reports. The troubled Asian carrier has been devastated following the disappearance of Beijing-bound flight MH370 and the shooting down of MH17 over Ukraine.

The airline is set to be taken over by Malaysia’s sovereign wealth fund Khazanah Nasional. There were reports about a return for Idris Jala, the man who guided Malaysian from loss to profit between 2005 and 2009, speculations which Jala dismissed on August 21.

Jala is currently one of the country’s top economic policymakers, heading the government’s Economic Transformation Programme.

Other candidates for the chief executive position are also being considered. A local newspaper reported that Jala and Jamaludin Ibrahim, the chief executive of state-controlled telecoms firm Axiata, were two leading candidates being considered by state-fund Khazanah Nasional to revive the national carrier. Another report said that Shazalli Ramly, chief executive of Malaysia’s oldest cellular firm Celcom, could take over the helm at Malaysia Airlines.

Whoever lands the job will reportedly be responsible for turning the carrier from a full-service airline in to a premium airline, with cuts to some domestic and international routes, though no further details have been revealed. A restructuring package is expected by the end of the month.

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Malaysia Airlines is to appoint a new chief executive and reveal a new business model, according to local reports. The troubled Asian carrier has been devastated following the disappearance of Beijing-bound flight MH370 and the shooting down of MH17 over Ukraine. The airline is set to be taken over by Malaysia’s sovereign wealth fund Khazanah Nasional. There were reports about a return for Idris Jala, the man who guided Malaysian from loss to profit between 2005 and 2009, speculations which Jala dismissed on August 21. Jala is currently one of the country’s top economic policymakers, heading the government’s Economic Transformation...

Reading Time: 1 minute

Malaysia_airlines_planesMalaysia Airlines is to appoint a new chief executive and reveal a new business model, according to local reports. The troubled Asian carrier has been devastated following the disappearance of Beijing-bound flight MH370 and the shooting down of MH17 over Ukraine.

The airline is set to be taken over by Malaysia’s sovereign wealth fund Khazanah Nasional. There were reports about a return for Idris Jala, the man who guided Malaysian from loss to profit between 2005 and 2009, speculations which Jala dismissed on August 21.

Jala is currently one of the country’s top economic policymakers, heading the government’s Economic Transformation Programme.

Other candidates for the chief executive position are also being considered. A local newspaper reported that Jala and Jamaludin Ibrahim, the chief executive of state-controlled telecoms firm Axiata, were two leading candidates being considered by state-fund Khazanah Nasional to revive the national carrier. Another report said that Shazalli Ramly, chief executive of Malaysia’s oldest cellular firm Celcom, could take over the helm at Malaysia Airlines.

Whoever lands the job will reportedly be responsible for turning the carrier from a full-service airline in to a premium airline, with cuts to some domestic and international routes, though no further details have been revealed. A restructuring package is expected by the end of the month.

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