“The LTBP, which was created after months of extensive research by this management, is all-encompassing and is able to take the company through,” says Izham in the circular.
KUALA LUMPUR (July 15): Malaysia Airlines Bhd’s new long-term business plan (LTBP), which is still awaiting approval from the Khazanah Nasional Bhd board of directors, would see the national carrier achieve financial breakeven by 2022 and generate enough income to cover the cost of capital for its operations two years later.
This was revealed by group CEO Izham Ismail in a circular sent to staff on July 11, which was sighted by The Edge. However, he did not say when the airline could turn a profit under the proposed business plan.
