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The Market Development Programme (MDP), which sets the minimum airfares, would be suspended for a three-month period to allow signatory airlines to set their own airfares and promote low fares.
Brazil marked a turning point for Ferrari's world champion Michael Schumacher last year and it could do so again this weekend in the 700th Grand Prix in Formula One history.
About 50% of the locals have either cancelled or postponed their travel plans to China, Hong Kong and Vietnam since the outbreak of the Severe Acute Respiratory Syndrome (SARS), said Malaysian Association of Tour and Travel Agents (Matta) president Tunku Datuk Seri Iskandar Abdullah.