Petronas’ Wan Zulkiflee set to take over Malaysian Airlines as chairman

A Malaysia Airlines plane sits on the taxiway at the Kuala Lumpur International Airport in Sepang, 10 July 2001. Malaysia Airlines will be allowed to raise fares by 20-30 percent on its loss-making domestic routes as part of moves to return to profitability in two years. AFP PHOTO/Jimin LAI (Photo by JIMIN LAI / AFP)

According to a news report by Reuters, Prime Minister Tan Sri Muhiyiddin Yassin has appointed Wan Zulkiflee Wan Ariffin, president and chief executive officer of state oil firm Petroliam Nasional Bhd as the chairman of Malaysian Airlines.

Wan Zulkiflee is set to take over as chairman starting July. Additionally, Tengku Muhamad Taufik Tengku Aziz, the executive vice-president and group chief financial officer will then take over as group CEO of Petronas.

In light of the current challenging economic landscape, a few companies owned by the government must be strengthened to face the new normal.

“The government continues to review the leadership of government-linked companies to ensure the streamlining of policies and reaching the country’s socio-economic objectives,” he said in a statement

The Prime Minister further added that the national airline will be restructured and expanded further following the appointment.

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