April 20, 2016
COMMENT: Well, what is surprising about MAS? How many bailouts, restructurings and senior management changes do we need? It is time to say enough is enough with the problems of our national airline.
It is clear that Khazanah with all the financial geniuses and whiz top managers in it cannot get it out of trouble of one sort or another. Even our top investment bankers have not been able to help. MAS proves the point that if we cannot run a proper taxi and bus service around Kuala Lumpur, operating a national airline is beyond us. It is time close MAS as a GLC and handover the business to the private sector airline. I suggest that Tony Fernandes at Air Asia and his colleagues should be considered.–Din Merican
MAS Chief Executive Meuller Quits
Malaysia Airlines Berhad (MAB) said today that its Chief Executive Officer and Managing Director Christoph Mueller will leave in September, well before the end of his three-year contract.
The airline said in a statement Mueller was leaving because of “his changing personal circumstances”.
Mueller will serve a six-month notice period to September 2016. He has expressed his intention to the MAB board to remain with the airline as a non-executive director, the carrier said.
“We are very disappointed to lose Christoph as CEO but we fully understand his reasons and respect his need to do this,” MAB chairperson Md Nor Yusof said. MAB has begun a search for a new CEO and is considering both internal and external candidates, it said.
Mueller formally took charge in May last year to lead restructuring efforts at the airline formerly known as Malaysia Airlines Systems (MAS).
Malaysia state investor Khazanah took MAS private in 2014 as part of a RM6 billion restructuring aimed at returning the carrier to profit within three years.
MAS suffered twin disasters in 2014 after flight MH370, which was carrying 239 passengers and crew, disappeared in March.In July 2014 another flight, MH17, was shot down over eastern Ukraine, killing all 298 people on board.- Reuters