Is Malaysia Airlines worth saving? CEO offers plan for Mahathir to avoid painful shutdown

The future of loss-making Malaysia Airlines hinges on whether its state-controlled owner agrees to the firm’s strategy of remaining a full-service airline while at the same time trying to claw back market share from fast-growing low-cost carriers, chief executive Izham Ismail says.Izham on Sunday said the plan to turn around the struggling business would be submitted next month to sovereign wealth fund and sole shareholder Khazanah Nasional Berhad, and would require the approval of its chairman…