Enough room for new airlines in Malaysia

"If a new airline wants to make its entry, it must really know what it wants to set out to do. Trying to replicate AirAsia or Malaysia Airlines is unlikely to succeed," said Maybank Investment Bank Yin. — Bloomberg

THERE are pockets of positive development in the aviation industry amid the MYAirline Sdn Bhd fiasco, which has been hogging the limelight with its abrupt end of operations.

For instance, there is a sigh of relief that Malaysia Airlines no longer needs its ultimate holding company Khazanah Nasional Bhd to inject more cash into its operations, as it is sitting on a cash balance of RM5.2bil as at end-October 2023.