Tuesday, 7 June 2016

Outgoing Malaysia Airlines CEO defends cuts, mulls final jet order

Malaysia Airlines Bhd Chief Executive Officer Christoph Mueller, midway through a six-month notice period following his surprise resignation in April, said the company should resist unwinding a turnaround strategy that's cut 6,000 jobs and reduced capacity by almost a third.

The Asian carrier is ahead of schedule with its restructuring, having reached break even recently, putting it on course for a full-year profit in 2018 as targeted, if not earlier, Mueller, who leaves in September, said in an interview.

 “If I had one wish it would be for the implementation of the plan as outlined,” the 54-year-old executive said in Dublin. “No change in strategy, no hesitation over whether it should really be that system.”

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