Malaysia Airlines Berhad (MAB) is seeking approval for a revised turnaround plan aimed at better aligning its business strategy and fleet to address financial and market challenges. The airline submitted its proposed plan to Khazanah Nasional Berhad, the government’s sovereign wealth fund, MAB CEO Izham Ismail told ATW on the sidelines of the recent IATA AGM in Seoul. Khazanah became the sole owner of MAB following a government bailout in 2014. The carrier has been following a ...

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