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IT seems like a distant memory now of the events from the initial Covid-19 outbreak that hit the tourism-related industry.
PETALING JAYA: Malindo Air is ceasing all flights this month and asking 70% of its staff to take no-pay leave. That involves over 3,400 of its total 4,900 workforce. If the coronavirus (Covid-19) pandemic worsens with countries continuing to close borders and airspace, the no-pay leave situation will drag into May.
KUALA LUMPUR: Privately held Golden Skies Ventures (GSV) has made a $2.5 billion offer to fully take over the holding company of ailing state carrier Malaysia Airlines, with financing from a European bank, its executives told Reuters on Monday.
PETALING JAYA: The government’s financial assistance to airlines amidst the Covid-19 pandemic must be carefully structured, and should be the last resort, says local aviation regulatory body, the Malaysian Aviation Commission (Mavcom).
KUALA LUMPUR (Bernama) - The government’s financial assistance to airlines amidst the COVID-19 pandemic must be carefully structured, and it should be the last resort, says local aviation regulatory body, the Malaysian Aviation Commission (MAVCOM).
THIS period is the aviation industry’s darkest hour with no clear signs when airlines will be able to restart the hundreds of airplanes grounded at airports and other global sites.
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.
PETALING JAYA: AirAsia Group Bhd may have enough cash to last them for most of 2020 but it is currently seeking out a loan from the Malaysian government to cushion the impact from the challenging economic environment.
Things are looking bleak for the aviation sector in Malaysia — Malaysia Airlines scaled back operations while AirAsia is on temporary hibernation — but that is not stopping local carriers from helping Covid-19 frontliners.