Business World

Saturday 10 December 2016

Mueller in hot seat aiming to turn Asian airline around

Published 29/12/2015 | 02:30

Former Aer Lingus boss Christoph Mueller. Photo: Chris Ratcliffe/Bloomberg
Former Aer Lingus boss Christoph Mueller. Photo: Chris Ratcliffe/Bloomberg

As Aer Lingus became the target of IAG's takeover bid, the chief executive credited with turning the Irish airline around amidst the downturn headed for the departure gate.

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Christoph Mueller had announced his planned departure in the summer of 2014, and left in 2015 for possibly one of the most unenviable jobs in aviation - chief executive of Malaysian Airlines.

He's been busy since the start of 2015 trying to implement a major three-year restructuring plan at the loss-making carrier, which suffered from two major disasters in 2014.

In December, Mr Mueller unveiled a major codeshare agreement with Gulf giant Emirates, which he said was a key element of Malaysian Airlines' revival.

The codeshare deal expands the Malayisan carrier's network in Europe from three destinations to 38.

Meanwhile, Mr Mueller also did very well from the sale of Aer Lingus to IAG, bagging about €6.5m from shares and options he held in the airline.

Irish Independent

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