Local airlines join global peers in grounding fleet

International Air Transport Association (IATA) director-general Alexandre de Juniac(pic) is urging the Malaysian government to take urgent action to provide support in the form of direct financial support, loans, loan guarantees and support for the corporate bond market and tax relief for the airlines.

PETALING JAYA: The coronavirus (Covid-19) pandemic has put the three major local airlines into cash crunch as they are unable to generate enough money with ticket sales drying up.

They have resorted to grounding aircraft, meaning they are unable to earn any ancillary income.