28 ATW | Special Supplement | atwonline.com
the idea to establish a separate business unit to operate the
A380s in the charter market. They would mainly cater to
the high-volume Hajj and Umrah pilgrimage traffic to
In its latest tweak to this plan, MAB has decided it
will still use the A380s for peak-season flights on certain
high-traffic routes, including London. They will also be
used for charter work, and will be operated by a separate
This year could see MAB reap the financial rewards
from its restructuring. Because it is not publicly traded,
MAB has not had to release detailed earnings reports.
However, it has divulged snippets indicating improved
financial performance. The company aims to return to
profitability in the second half of 2018, and is targeting a
relisting of its stock in 2019.
One aspect that has not gone according to plan during
the restructuring has been a rapid turnover in leadership.
Christoph Mueller and Peter Bellew have both had spells
as CEO, but in each case stepped down after about a year
in the top job. Now MAB has turned to company veteran
Izham Ismail, who took over as CEO on Dec. 1 and will
be tasked with completing the carrier’s reemergence.
Some other major Southeast Asian carriers are also look-