Malaysia Airlines' new MD and CEO Azmil Zahruddin told reporters Friday in Kuala Lumpur that the carrier will accelerate its "business transformation plan" with a focus on lowering costs while raising service standards. MAS has performed well this year despite the global economic downturn, posting a record MYR876.3 million ($250 million) profit in the second quarter due to a massive MYR1.3 billion gain on its fuel hedges (ATWOnline, Aug. 11). Nevertheless, Azmil said reforms are "critical in ...

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