Malaysia Airlines losing another CEO

21 October, 2017, 21:19 | Author: Leticia Walters
  • Ryanair has denied that a shortage of pilots has prompted it to cancel around 700,000 flight bookings

In its statement, Malaysia said that Bellew had said publicly on Sept 27 that he was committed to the airline and that the turnaround of Malaysia Airlines would be "the greatest achievement of my life". Bellew is now on administrative leave.

He was the third chief executive of Malaysia Airlines since 2014, when the company was plunged into crisis by the disappearance of flight MH370 and the downing of MH17 over Ukraine.

In a statement today, MAB said, Izham would assume the role of GCEO on Dec 1, 2017 upon the departure of Peter Bellew, who is now on administrative leave.

The appointment of Izham Ismail comes three days after Bellew's premature departure, which was announced by budget carrier Ryanair.

Bellew was appointed CEO of Malaysia Airlines in July 2016 after the surprise resignation of German turnaround specialist Christoph Mueller, who had introduced a drastic cost-cutting plan that involved axing thousands of jobs.

"He led the restructuring of the engineering division for more efficient and leaner operations, and was also responsible for the airline's fuel savings initiative", added the airline.

Last month, Norwegian confirmed that over 140 Ryanair pilots had joined their team in 2017.

Izham, now the chief operating officer, has been appointed the airline's executive director and GCEO designate with immediate effect yesterday (October 20). He joined Malaysia as chief operations officer in September 2015 and took over as chief executive in July past year.

Izham, who started his career with Malaysia Airlines as a pilot in 1979, has 38 years of experience in the aviation industry.

"As provided for by the MRP, the restructuring of Malaysia Airlines follows a well laid-out governance and approval framework".

Welcoming Izham to his new role, MAB chairperson Md Nor Yusof said Izham is a key member of the MH family and has a valuable breadth of understanding that spans airline operations and business management.

Bellew was director of flight operations at Ryanair before he left in 2014.

The government ensures that all strategic assets are controlled through sovereign funds like Khazanah, which holds major stakes in Malaysian companies across various sectors from aviation to technology.

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