Aviation industry stands to lose RM4.4bil from FAA downgrade

KUALA LUMPUR: The Malaysian aviation industry stands to lose RM4.4bil this year if the aviation authorities in China, Japan and South Korea bar Malaysian airlines from introducing new routes following the downgrading of Malaysia’s aviation safety rating in November last year.

The Malaysian Aviation Commission (Mavcom) said the three countries made up about 8.6% of the total seats of Malaysian carriers.