Another MCO will kill aviation industry, expert warns

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Transport consultant says Putrajaya will have to step in to rescue local airlines. FMTNews Airasia MCO

Aviation specialist Roger Teoh says a new lockdown would probably have a bigger impact on AirAsia than on other domestic airlines.

Prime Minister Muhyiddin Yassin, in a live telecast from Parliament on Monday, said the government could order a new lockdown if the number of new Covid-19 infections continued to rise. He said the government must step in to help the industry survive if it felt an urgent need for a new lockdown. This could be done through subsidies, such as a reduction in the airport tax, he added.

Aviation specialist Roger Teoh said a new MCO would likely deal a more devastating impact on AirAsia than on other domestic airlines, largely due to the management’s past decisions, including the one manifested in its policy of selling planes and leasing them from the buyers.

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:

 /  🏆 5. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

Home Ministry: Almost RM6m fine collected from companies, individuals for defying MCO | Malay MailKUALA LUMPUR, July 21— The total fine collected from companies and individuals for defying the movement control order (MCO) amounted to RM5,928,000.  The Home Ministry announced the figure based on information obtained from the Ministry of Health (MOH) from March to June 2020....
Source: malaymail - 🏆 1. / 86 Read more »