Malaysia Airlines Bhd (MAB) is expected to reveal the name of the person who will replace Christoph Mueller as the new company chief executive officer this week and thus end lobbying and speculation that has been going on ever since Mueller decided to leave MAB for “personal reasons”.
The man widely rumored to be the new CEO is Peter Bellew. Bellew is the former Director of Flight Operations at Ryanair and he also served as Head of Sales and Marketing and Deputy Director of Flight Operations there. He joined MAB as chief operations officer in June 2015 and has been Malaysia Airlines Executive Director since 20th April, 2016.
One executive at Malaysia Airlines, who did not want to disclose his name, said the following about Bellew:
In the interest of continuity, Bellew is the man. He is already entrenched in the day-to-day running of the airline, has the expertise and experience, and vast knowledge of the airline industry.
Sources also claim that Bellew already signed the acceptance letter, making his appointment as MAB CEO a foregone conclusion.
Mueller succeeded Ahmad Jauhari Yahya as Malaysia Airlines chief executive officer and managing director on 1st May, 2015, signing a three-year contract. He still had around half of the contract left to fulfill.
Reports claim that Mueller is likely to join Emirates after leaving the Malaysian carrier, though he will take a different position there as chief transformation officer.
KFM Holdings Bhd to Manage MAB Facilities
Meanwhile, KFM Holdings Berhad (KFMH), a subsidiary of UEM Edgenta Berhad will manage Malaysia Airlines’ facilities after winning an RM42.99 million contract to provide facilities management services to the airline.
KFMH netted a contract for 34 months or any extended period beyond that, depending on the contract’s conditions.
The 80%-owned subsidiary of UEM Edgenta will provide the following services under the contract: comprehensive facilities management services (valued at RM33.17 million), hotel management services (valued at RM4.12 million), mailing services (valued at RM1.24) and cafeteria services (valued at RM365.400).
KFMH will also set aside a “sinking fund” of RM4.1 million for maintenance of MAB’s facilities. This fund will be used at the carrier’s discretion and according to the terms and conditions of their contract.