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MAS NewCo will be the new name that Khazanah Nasional has selected to restructure and rebrand the troubled Malaysia Airlines Berhad. MAS stands for Malaysia Airlines System or MAS as it is commonly known will have a new CEO which is Christoph R. Mueller, who will be appointed as chief executive officer-designate of Malaysian Airlines Bhd effective Jan 1, 2015.

Khazanah Nasional Bhd announced on Friday the line-up for the new company which will takeover from Malaysian Airlines System Bhd (MAS), pointing out Mueller has more than 25 years of relevant experience. Mueller is currently the CEO of Aer Lingus Plc (Aer Lingus), the national airline of Ireland where his contract ends on May 1, 2015. Serving Aer Lingus for the last four-and-half years, Mueller turned around the loss-making airline within a year, in a declining Irish market and tepid European market conditions. 

Under the RM6 billion restructure plan, Mueller will be nominated to the board of MAS as non-executive director and appointed CEO-designate of MAS NewCo, effective Jan 1, 2015. He also has more than 25 years of experience in the airline, logistics and tourism industries.

Under the new leadership, Khazanah has introduced a 12-point turnaround plan for MAS NewCo with a title “Rebuilding A National Icon - The MAS Recovery Plan”. MAS NewCo plans to start operations on July 1 next year. 

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