Malaysia Unveils Measures to Help Airlines Hit by Iran War
(Bloomberg) -- 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 on its Facebook page.
The government also allocated 5 million ringgit ($1.3 million) for flight ticket rebates that are set to benefit 100,000 Malaysians traveling between Peninsular Malaysia and Sabah, Sarawak and the federal territory of Labuan. The rebate program is effective from May to June.
AirAsia X reported a net loss of 154.9 million ringgit in the first quarter due to elevated jet fuel prices in late March.
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