Kuala Lumpur: Malaysia is considering tapping one of its top economic policymakers to lead an overhaul of Malaysia Airlines that aims to transform the troubled carrier into a "premium airline", a newspaper reported on Wednesday.
Idris Jala, who heads the government's Economic Transformation Program, previously led the national airline from 2005 to 2009. He steered the firm from heavy losses to record profits through hefty cost cutting, though critics have said it was an unsustainable long-term model.
Malaysia Airlines, whose business has been devasted by the unexplained disappearance of Flight MH370 and the shooting down of Flight MH17 over Ukraine, is set to be taken private by state fund and majority shareholder Khazanah Nasional.
The report also cited an industry source as saying the airline would be remodelled as a "premium airline" from a full-service airline, with cuts to its domestic and international routes.
An official in Jala's office said he was not aware of the report.
Idris Jala, who heads the government's Economic Transformation Program, previously led the national airline from 2005 to 2009. He steered the firm from heavy losses to record profits through hefty cost cutting, though critics have said it was an unsustainable long-term model.
Malaysia Airlines, whose business has been devasted by the unexplained disappearance of Flight MH370 and the shooting down of Flight MH17 over Ukraine, is set to be taken private by state fund and majority shareholder Khazanah Nasional.
The report also cited an industry source as saying the airline would be remodelled as a "premium airline" from a full-service airline, with cuts to its domestic and international routes.
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An official in Jala's office said he was not aware of the report.
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© Thomson Reuters 2014
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