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PETALING JAYA: Opinion is divided on whether the government should help all airlines or be selective even though support is critical during the Covid-19 pandemic
KUALA LUMPUR: Airline companies including some of the most well-known in the industry are facing their biggest challenge due to COVID-19 pandemic, Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said.
PETALING JAYA: Shipping company Hubline Bhd is cautiously optimistic of its performance for the financial year ending Sept 30,2020 (FY20), driven by its improving dry bulk business and new aviation business venture amid the Covid-19 pandemic.
PETALING JAYA: Soft loans, cash injection and grants are what the local airlines need immediately to pay salaries to their staff, service loans and aircraft leases to stay afloat during this turbulent times and not complex mergers.
KUALA LUMPUR: Malaysia is exploring the possibility of bailing out domestic airlines that have been hit hard by the coronavirus outbreak, according to people with knowledge of the matter.
PETALING JAYA: The coronavirus (Covid-19) pandemic has put the three major local airlines into cash crunch as they are unable to generate enough money with ticket sales drying up. They have resorted to grounding aircraft, meaning they are unable to earn any ancillary income.
FOR people of my age (60 and above), we have experienced three recessions, one financial crisis and one coronavirus (SARS) epidemic in our lifetime. We are about to witness the biggest (three-in-one) economic disaster ever if the world is not able to contain the transmission of Covid-19 within three months.
KUALA LUMPUR: Malaysia Airlines will significantly reduce its overall network following the nationwide movement control order between March 18 to 31, 2020.
KUALA LUMPUR: Aviation regulator, the Civil Aviation Authority of Malaysia (CAAM), needs to step up its game and assist affected airlines and industry players in weathering the impact arising from the Covid-19 outbreak.