PETALING JAYA: Low cost carriers (LCCs) such as AirAsia Bhd and airport operators such as Malaysia Airport Holdings Bhd (MAHB) will benefit from Indonesia’s ratification of the 2009 Asean Open Skies agreement that will bring the region closer to the formation of a single aviation market by end-2015.
According to UOB Kay Hian, the adoption of open skies by Indonesia will boost intra-Asean tourism, benefiting primarily LCCs operating in the region and hospitality firms.
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