KUALA LUMPUR, Dec 22 (Bernama) -- Malaysia Airlines Berhad (MAB) has formed a long-term relationship with German cost management solutions company Airpas Aviation to help the national carrier return to profitability by cutting its Direct Operating Costs (DOCs).
In a statement today, MAB said it has opted for Airpas' unique cost management solution to meet the ongoing challenges by controlling and cutting its DOCs.
MAB Chief Executive (CEO) Christoph Muller said Airpas will support the airline on its way back to profitability by streamlining processes, enabling centralised control of the carrier's contracts, budget and debt, and by cutting overspends significantly.
"Furthermore, MAB will use the Airpas solution to change internal processes from station management all the way to procurement and finance," Muller added.
Airpas has been the market leader in cost management and route profitability solutions for over 12 years now and has helped airlines like Emirates and Ryanair to effectively control their DOCs and manage their financial processes.
"We are proud to welcome Malaysia Airlines as our first customer in Southeast Asia, underlining our focus on growth in this important region. It confirms great confidence in our software and consultancy expertise and in the profitable investment Airpas stands for," said Airpas Aviation CEO Reinhold Renger.
MAB, which is also a member of Oneworld, is expected to turn its first profit by 2017.
The airline is going through an intense restructuring plan that included a relaunch of the carrier on Sept 1.
-- BERNAMA
Source: http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1201577
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