AirAsia, MAHB to benefit from Indonesia ratification of Asean Open Skies pact

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.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Corporate News , AirAsia , MAS


Next In Business News

Bursa Malaysia introduces API Gateway to enhance investor onboarding
Malaysia well-placed to meet increasing demands in semiconductor market - Siemens
YTL Power's AI-DC prospects remain intact
Ringgit eases as fading hopes of Fed rate cut lend support to US dollar
Bursa Malaysia succumbs to profit-taking pressure
Trading ideas: YTL Power, YTL Corp, Sime Darby Property, Malakoff, Axis REIT, KLCCP, Inari, Allianz, DRB-Hicom, BAT, Velesto, MSM
Deleum to achieve growth via partnerships and technology
Malakoff buys two RE firms for RM27mil
Karex likely to sustain strong margins
Bad bond bets forces Norinchukin to change strategy

Others Also Read