Malaysia Airlines CEO objects to closing down airline

This is not wise to shut Malaysia Airlines, CEO Izham Ismail stated. He wanted investors to enhance the flagship carrier.

“Shutting down Malaysia Airlines might be a wrong go. This really is my personal opinion. Not the views of the organisation, the shareholders or even its board of directors,” he stated.

Instead, Izham have said he welcomed investors to begin board to assist in the national carrier’s turnaround.

Izham was speaking with Malaysian press people at the 75th International Air Transport Association (IATA) annual general gathering.

He described that the thought of selling the airline and having investors were the same in his perspective.

The first-time CEO mentioned he was available to investors providing the interested organisations promote Malaysia Airlines to the next level. In means of funds, information as well as experiences.

“Malaysia Airlines may not be beneficial, but organisations, stakeholders, companies that provide solutions to Malaysia Airlines are rewarding. That itself a GDP positive,” he explained.

Although Malaysia Airlines works by using 13,500 employees, Izham said this was vital that you think about the airline’s distributors and then service vendors, who suffers if the airline were to unavailable.

Progressing, the airline will deal with its ongoing business plan, presently waiting for approval from the board members of the airline’s only shareholder, Khazanah Nasional Berhad.

Izham stated the sovereign wealth fund is going to declare its option at month-end or July.

“Without unveiling a lot, probably the strategies includes improving our quality services. We have to modernize and then recreate our Asean business proposal,” he stated.

In March, Prime Minister Tun Dr Mahathir Mohamad have said the government was thinking of closing down Malaysia Airlines among other choices, like selling or refinancing the loss-making national airline.

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