MAVCOM-CAAM merger is unrelated to sale of MAHB shares

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Bernama News

Business Business Latest News,Business Business Headlines

KUALA LUMPUR: Transport Minister Anthony Loke Siew Fook has refuted allegations that the merger of the Malaysian Aviation Commission (MAVCOM) and the ...

: Transport Minister Anthony Loke Siew Fook has refuted allegations that the merger of the Malaysian Aviation Commission and the Civil Aviation Authority of Malaysia is intended to ease the sale of Malaysia Airport Holding Bhd shares.

“If MAVCOM disagrees, the sale of shares will not proceed. Thus, it is wrong to say the decision will help ease the approval of the MAHB shares sale,” he said when winding up the second reading of the Malaysian Aviation Commission Bill 2024 in the Dewan Rakyat, today. The minister said that the merger, MAVCOM, will be dissolved and its functions absorbed by CAAM, which will become the sole authority on the national civil aviation industry.

They also urged the government to seek alternatives to MAVCOM’s dissolution as the independent aviation commission responsible for regulating all commercial and economic aspects of the country’s civil aviation industry and protecting the rights of the industry’s users and customers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transport minister: Mavcom-CAAM merger unrelated to sale of MAHB sharesKUALA LUMPUR, June 26 — Transport Minister Anthony Loke has refuted allegations that the merger of the Malaysian Aviation Commission (Mavcom) and the Civil Aviation Authority of...
Source: malaymail - 🏆 1. / 86 Read more »

Merger of MAVCOM and CAAM to raise efficiency of service delivery systemKUALA LUMPUR: The merger of the Malaysian Aviation Commission (MAVCOM) and the Civil Aviation Authority of Malaysia (CAAM) aims to reduce bureaucracy ...
Source: theSundaily - 🏆 25. / 51 Read more »

Mavcom, CAAM merger to raise efficiency of service delivery system, says transport ministerKUALA LUMPUR, June 26 — The merger of the Malaysian Aviation Commission (Mavcom) and the Civil Aviation Authority of Malaysia (CAAM) aims to reduce bureaucracy and improve the...
Source: malaymail - 🏆 1. / 86 Read more »