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PETALING JAYA: The year ahead would be better than 2015 for airlines with experts predicting growth in air passenger traffic at between 2% and 3%.
KUALA LUMPUR: According to the Centre for Aviation (CAPA), the domestic airline market should experience faster growth than 2015 but yields will be under pressure and will have an impact on profitability.
Breakfast briefing: Monday, September 21
CIMB Research said the speculated six project delivery partner (PDP) candidates for the RM9bil Light Rail Transit Line 3 project was a positive surprise as it revealed two players that it thinks could end up as frontrunners.
WITH reference to the article Making headway in a competitive airline” that appeared on page 2 yesterday, it has been pointed out that flymojo airfare would be priced in between that of AirAsia and Malaysia Airlines and not as published.
PETALING JAYA: Fly Mojo Sdn Bhd, Malaysia’s latest addition to the growing number of companies in the airline industry, dismissed concerns over its ability to start and sustain operations and poured cold water on speculation that it was owned by influential figures.
DATUK Janardhanan Gopala Krishnan was the name that was much talked about during the Langkawi International Maritime and Aerospace exhibition last week when his company Fly Mojo Sdn Bhd signed a multi-billion ringgit deal with Bombardier to procure planes to start a new airline in Malaysia.
KUALA LUMPUR: CIMB Equities Research has downgraded AirAsia from Add to Hold as it no longer expects the share price to perform despite low ooil prices due to the oversupply of airlines in Malaysia.
PETALING JAYA: Aviation analysts are not overly concerned about the potential threat from the newly established airline Flymojo to AirAsia Bhd as the newcomer caters to a fraction of the market.
KUALA LUMPUR: AmResearch is maintaining its Buy on AirAsia with an unchanged fair value of RM3.30 a share.