Malaysia unveils measures to help airlines hit by Iran war
The government has also allocated RM5 million for flight ticket rebates
[KUALA LUMPUR] Malaysia introduced measures to ensure the operational stability of its aviation industry and ease the financial strain on airlines as they struggle with the impact of war in the Middle East.
Authorities have offered an extension of up to 60 days for the payment of navigation fees and charges, exemptions on aircraft parking fees, and a two-month deferment of passenger boarding bridge and check-in counter costs, the Ministry of Transport said.
The government also allocated RM5 million (S$1.6 million) for flight ticket rebates that are set to benefit 100,000 Malaysians travelling between Peninsular Malaysia and Sabah, Sarawak and the federal territory of Labuan. The rebate programme is effective from May to June.
AirAsia X reported a net loss of RM154.9 million in the first quarter due to elevated jet fuel prices in late March. BLOOMBERG
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