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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.
The Lion Group has completed its debt and corporate restructuring exercise and has asked the KLSE for the resumption of trading in the shares of four of its publicly-listed units.
United Airlines told its employees to expect layoffs as early as Friday as it and other carriers prepared to reduce flying schedules and staffing as a result of the U.S. war with Iraq.