MAJOR airlines, under the pressure of spiralling fuel cost and a major increase in insurance premiums in recent months, are expected to raise their international fares between 3% and 5%.
Parliamentary Secretary to the Transport Ministry Datuk Donald Lim said the increase expected to come into effect soon, was unavoidable as airline companies battle to cut their losses, according to news report of Sin Chew Daily.
Lim said that instability in the Middle East had pushed up oil prices and the security threats on international flights had led to higher premiums.
The fares for domestic flights however would remain unchanged, he said.
The Director General of the Civil Aviation Department, Datuk Kok Soo Chon, said in an interview with the daily that the tremendous increase in insurance premium recently was a severe blow to the civil aviation industry worldwide.
Kok told the daily that the premium increase might force many smaller airlines to “close shop”.
“A Boeing 747 costs about RM800mil. You can imagine how much MAS has to fork out in premium for the sum insured,” he said.
Nanyang Siang Pau reported that Loo, who gave up her job as an officer looking after the affairs of the New Zealand minorities, was appointed a staff at the Penang DAP headquarters.
China Press reported that Loot, 72, a retired Chinese school teacher, would announce in a day or two if he would stay on as deputy chief, a post he had held for 37 years.
The Selangor Chinese Assembly Hall (SCAH) said it would not persuade Loot Ting Yee, who resigned on Dec 31, to stay on.
SCAH president Ting Chee Seng, according to China Press, said Loot’s resignation was not a spur-of-the-moment decision.
Ting said the fact that Loot had decided to give up after serving for 37 years was something to think about.
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