Latest news with #IzhamIsmail
The Sun
21-05-2025
- Business
- The Sun
Malaysia Aviation Group achieves anti-bribery management system certification
PETALING JAYA: Malaysia Aviation Group (MAG) has officially become the first airline group in Malaysia to achieve the ISO 37001:2016 Anti-Bribery Management System (ABMS) certification, reinforcing its strong commitment to zero tolerance for bribery, fraud and corruption within the organisation. This milestone marks the fulfilment of a key governance commitment under MAG's environmental, social and governance (ESG) agenda. MAG managing director Datuk Captain Izham Ismail said, 'An effective anti-bribery system must be driven from the top. This certification is not just a formality, it is a firm declaration of our zero-tolerance stance against bribery, fraud and corruption. ISO 37001 reinforces the controls we have built into every part of our operations, from procurement and policymaking to how we engage with partners be it in Malaysia or our international offices. This certification clearly signals our commitment to conducting business with the highest standards of integrity and our accountability in addressing any instances of non-compliance promptly. 'Trust and governance are not optional – they are the foundation of a sustainable aviation business, and this milestone reaffirms our leadership in that space.' The certification process was supported by MAG's board of directors and group executive committee, and included a detailed corruption risk assessment, the formation of a dedicated working group committee, and the development of the ABMS framework. This was complemented by 16 training sessions, workshops, and awareness campaigns rolled out across key business functions to embed the principles of integrity throughout the organisation. The certification currently applies to group-level functions involving governance, risk, compliance, sustainability and leadership, with controls in place to manage bribery risks across high-impact areas such as procurement, vendor engagement, and third-party interactions.
The Star
21-05-2025
- Business
- The Star
Malaysia Aviation Group receives ISO certification for anti-bribery system
MAG Group managing director Datuk Captain Izham Ismail — ART CHEN/The Star KUALA LUMPUR: Malaysia Aviation Group (MAG) has become the first Malaysian airline group to achieve the ISO 37001:2016 Anti-Bribery Management System (ABMS) certification. According to the International Organization for Standardization (ISO), the certification is an internationally recognised standard for the implementation of anti-bribery management systems within an organisation. MAG said in a statement the certification currently applies to group-level functions involving governance, risk, compliance, sustainability, and leadership, with controls in place to manage bribery risks across high-impact areas such as procurement, vendor engagement, and third-party interactions. "An effective anti-bribery system must be driven from the top. This certification is not just a formality—it is a firm declaration of our zero-tolerance stance against bribery, fraud, and corruption. "ISO 37001 reinforces the controls we have built into every part of our operations, from procurement and policymaking to how we engage with partners be it in Malaysia or our international offices," said MAG group managing director Datuk Captain Izham Ismail. MAG's certification process was strongly supported by its board of directors and group executive committee, and included a detailed corruption risk assessment, the formation of a dedicated Working group committee, and the development of the ABMS framework. This was complemented by 16 training sessions, workshops, and awareness campaigns rolled out across key business functions to embed the principles of integrity throughout the organisation. MAG also operates a publicly accessible whistleblowing platform, providing a safe and confidential channel for reporting suspected misconduct. Within the organisation, the Group Business Integrity unit currently has two Certified Integrity Officers (CeIOs), with plans to certify more personnel across departments to ensure the ABMS is sustained and embedded throughout the Group. The group now aims to progressively expand the certification scope to include other business pillars and entities, with the goal of fostering a business ecosystem grounded in integrity and ethical conduct across all touchpoints.
New Straits Times
21-05-2025
- Business
- New Straits Times
MAG earns Malaysia's first airline anti-bribery ISO certification
KUALA LUMPUR: Malaysia Aviation Group (MAG) has become the first airline group in the country to receive the ISO 37001:2016 Anti-Bribery Management System (ABMS) certification, reflecting its commitment to tackling bribery, fraud, and corruption. MAG said the certification process received strong backing from its board of directors and group executive committee, and involved a comprehensive corruption risk assessment, the establishment of a dedicated Working Group Committee, and the creation of the ABMS framework. "This was complemented by 16 training sessions, workshops, and awareness campaigns rolled out across key business functions to embed the principles of integrity throughout the organisation," it added. The certification covers group-level functions related to governance, risk, compliance, sustainability, and leadership, with established controls to mitigate bribery risks in key areas such as procurement, vendor relations, and third-party dealings. The aviation group also said it maintains a publicly accessible whistleblowing platform, providing a safe and confidential channel for reporting any suspected misconduct. "Within the organisation, the group business integrity unit currently has two certified integrity officers (CeIOs), with plans to certify more personnel across departments to ensure the ABMS is sustained and embedded throughout the group," it said. MAG said it plans to gradually extend the certification to cover additional business pillars and entities, aiming to build a business ecosystem rooted in integrity and ethical practices at every level. Its group managing director Datuk Captain Izham Ismail said a strong anti-bribery system needs to be led from the highest level of leadership. "This certification is not just a formality, it is a firm declaration of our zero-tolerance stance against bribery, fraud, and corruption. "ISO 37001 reinforces the controls we have built into every part of our operations, from procurement and policymaking to how we engage with partners, be it in Malaysia or our international offices," he said. Izham stated that the certification is a clear reflection of MAG's dedication to upholding the highest standards of integrity and its responsibility in swiftly addressing any breaches of compliance. He said trust and good governance are essential and not optional as they form the backbone of a sustainable aviation industry, and this achievement reinforces MAG's leadership in that area.
The Star
06-05-2025
- Business
- The Star
Malaysia Airlines eyes greater reach in China with new routes, fleet revamp
Malaysia Aviation Group, parent company of Malaysia Airlines, plans to expand its presence in China by ramping up frequencies on core routes and launching direct services to second-tier cities over the next three years, said its top executive. "Our Destination 2030 fleet plan will power this expansion," said Datuk Captain Izham Ismail, group managing director of MAG, adding that the group will continue to evaluate its future fleet options, including aircraft from Commercial Aircraft Corp of China Ltd, manufacturer of narrowbody aircraft C909 regional jet and C919. As part of its fleet modernisation plan, the group recently acquired an additional 18 Boeing 737-8 aircraft, in addition to 12 Boeing 737-10 as part of phase two of its narrowbody fleet renewal. MAG will gradually phase out the older generation Boeing 737-800 aircraft, aiming for a modernised narrowbody fleet of 55 Boeing 737-8 and 737-10 aircraft by 2030. With MAG introducing new aircraft for regional sectors and deploying wide-body aircraft on longer sectors, he said these new generation jets will deliver superior fuel efficiency, enhanced reliability and greater comfort, enabling the company to serve more Chinese destinations at optimal frequency. Malaysia Airlines currently operates to four cities in the Chinese mainland, namely Beijing; Shanghai; Guangzhou in Guangdong province; and Xiamen in Fujian province. The consistent demand from both inbound and outbound travelers has supported a robust 80 percent load factor across China routes in the first quarter, signaling a strong recovery in traffic and business momentum. Highlighting that the new visa waiver policy between China and Malaysia has further unlocked significant travel demand, he said that MAG will scale its mainline network to key markets across the Association of Southeast Asian Nations, Australia, New Zealand and South Asia, solidifying Kuala Lumpur's role as a gateway to Asia and beyond, facilitating effortless one-stop transit. To seize more market share, the company has strengthened its customer service teams by adding more Chinese-speaking staff and enhancing its presence in China through strategic partnerships. "By leveraging the strength of our partners, we are able to provide our passengers with greater flexibility, convenience and reach across the region," he added. For instance, MAG has expanded its codeshare agreement with China Southern Airlines, offering broader access to key cities across China. Its long-standing partnership with China's Xiamen Airlines also continues to provide passengers with convenient, single-ticket access to a wider domestic network, including second and third-tier cities. Driven by the goal of meeting Chinese travelers' preferences, MAG has embarked on a wide-ranging digital transformation, combining technology and enhanced services, the executive said. For example, Malaysia Airlines has been actively engaging with existing and potential clients on popular Chinese social media platforms such as WeChat, Weibo and RedNote, also known in China as Xiaohongshu. Despite industry headwinds in 2024, MAG posted a profit of $12.35 million last year, showing enhanced financial resilience. The group currently operates a fleet of 114 aircraft. It has an existing order for 25 Boeing 737-8 aircraft through a long-term lease with Air Lease Corp, with 11 already delivered and the rest scheduled for delivery by 2027. In addition, the company is advancing its widebody renewal with an order for 20 Airbus A330neo aircraft, three of which have already been delivered to date. Boosted by deepening political and business ties, visa-free policy and the tangible growth of the Belt and Road Initiative, China and Malaysia will accelerate collaboration across both emerging and traditional sectors, including people-to-people exchanges, green technology and infrastructure connectivity in the years ahead, said Zhang Jianping, deputy director of the academic committee at the Chinese Academy of International Trade and Economic Cooperation in Beijing. - China Daily/ANN
Yahoo
22-04-2025
- Business
- Yahoo
Malaysia Airlines eyes new Boeing jets should China reject them
SEOUL (Reuters) -Malaysia Airlines' parent company, Malaysia Aviation Group, is talking to Boeing about acquiring new jets that become available if Chinese airlines stop taking deliveries, its managing director told Malaysian state news outlet Bernama. Boeing appears to be returning some of its 737 MAX jets to the U.S. from China, where it had placed them ahead of delivery to Chinese customers. Neither Boeing nor China has commented on why the jets are returning, and it is not clear which party made the decision. Malaysia Airlines did not immediately respond to a Reuters request for comment. If Boeing delivery slots become available as a result of the tariff war between the United States and China, MAG views this as a window to secure earlier-than-expected deliveries, Bernama reported MAG's Izham Ismail as saying. "MAG is in conversation with Boeing about whether we can take over those slots," Ismail told Bernama. Airlines globally are hungry for new planes but face extended delivery times because of post-pandemic supply chain bottlenecks, and a production slowdown at Boeing due to enhanced regulatory scrutiny and a labour strike. MAG, owned by Malaysian sovereign wealth fund Khazanah Nasional, has been steadily growing and renewing its fleet and aims to operate a narrow-body fleet of 55 new generation 737 MAX aircraft by 2030. Last month, it said it would buy 18 737 MAX 8 and 12 737 MAX 10 aircraft, with an option to purchase a further 30 jets. It also has a deal to lease 25 737 MAX jets from Air Lease Corp between 2023 and 2026. Ismail said any potential arrangement to take on additional planes from vacated delivery slots would not be part of that Air Lease Corp deal, and MAG would need to go to the capital market to raise additional funds. (Writing by Lisa Barrington. Editing by Gerry Doyle) Sign in to access your portfolio
