Izham, currently Malaysia Airlines chief operating officer, will be the carrier's fourth chief executive since 2014 when the company was plunged into crisis by the disappearance of flight MH370 and the downing of MH17.
A Malaysia Airlines flight was forced to return to Melbourne to land late tonight after a "disruptive" Sri Lankan passenger on board claimed he was carrying a bomb.
The chief executive of Malaysia Airlines said today that the carrier recorded a profit in February, its first positive monthly result in years, and is on track to return to the black by 2018.
The shooting down of the jet comes at a tense time in relations between Russia and the West: on one hand Moscow's intervention in Crimea and eastern Ukraine has led to substantial sanctions and, on the other, there are increased calls for a more united international effort to solve the civil war in Syria.
The part, known as a flaperon, was found on the shore of the French-governed island on July 29 and Malaysian authorities have said paint color and maintenance-record matches proved it came from the missing Boeing 777 aircraft.
Tensions between Malaysia Airlines and the Chinese families of MH370 passengers rose on Friday after international media were blocked from attending a Beijing meeting to update relatives on debris recovered from the missing plane.
Investigators in France ascertained that the barnacle-covered debris, a 2-2.5 metre (6.5-8 feet) wing surface known as a flaperon, belonged to MH370 just days after Malaysia identified it as being part of the same model, a Boeing 777.
Initial models of where potential debris from a missing Malaysia Airlines passenger jet might first wash up had incorrectly identified Indonesia as the most likely location, the Australian body leading the search said on Wednesda
Malaysian investigators are expected in Reunion on Friday and the object, identified by aviation experts as part of a wing, would then be sent to a French military laboratory near Toulouse for checks, French police sources said.
The ATSB said preliminary tenders would allow it to assess which organisations are able to supply the equipment and expertise required. Any recovery of the aircraft is likely to cost millions of dollars and be technically difficult given the remoteness and depths of the Indian Ocean.
Deep job losses, route cuts and a change of leadership are expected in a restructuring plan prepared by Malaysia's government for announcement as early as Thursday, when MAS also reports its Q2 results.
The US has deployed the state-of-the-art P-8A Poseidon aircraft to search for a missing Malaysia Airlines plane in the Bay of Bengal that disappeared mysteriously last week, the Pentagon said.
"We are aware and we sent planes over the past three days to cover the area where Chinese satellites showed objects, today a military plane will search the area again," says Deputy Transport Minister Pham Quy Tieu.
More than 70 aircraft and ships are involved in the search, which has so far failed to find any sign of the Boeing aircraft that lost contact with air traffic control en route to Beijing from Kuala Lumpur on Saturday.
The massive search is mainly in a 50-nautical mile radius from the point of last radar contact with the plane, midway between Malaysia's east coast and the southern tip of Vietnam. It's an area of about 27,000 sq km (10,500 sq miles) that includes parts of the Gulf of Thailand and the South China Sea.
International police agency Interpol confirmed that two passengers on the flight had used stolen Austrian and Italian passports, raising suspicions of foul play.
Replying to questions from CNBC at a Sunday press conference, MAS chief executive Ahmad Jauhari Yahya said he remained "very confident" of the "despatch ability and reliability" of the Boeing 777-200 fleet.
Vietnam's state-run Tuoi Tre news also quoted Admiral Ngo Van Phat as qualifying his earlier remarks about a crash site having been identified, saying he had been referring to a presumed crash site beneath the plane's flight path using information supplied by Malaysia.
The airlines group chief executive officer Ahmad Jauhari Yahya said a search and rescue mission had been launched in the area after the aircraft lost contact.
The five-year deal is for a suite of critical enterprise-wide engineering solutions that includes aircraft maintenance, maintenance service sales; operational, human resources and financial functions.
Malaysia Airlines has said it will join the oneworld global airline alliance and is expected to start flying as a member late next year.