Mustapa: Airline companies need different action | Malay Mail

Airport staff works beside a Malaysia Airlines plane at Kuala Lumpur International Airport in Sepang July 22, 2019. — Reuters pic

According to him, this is a global phenomenon with giant airlines such as Emirates and Singapore Airlines have also been affected, not to mention Malaysia Airlines which faced various challenges before the outbreak. “Companies like Malaysia Airlines, AirAsia and even Malindo Air are big employers. Certainly requires a different action,” Mustapa said on Bernama TV’sHowever, he did not elaborate on the timing and actions the government would take to help Malaysian airline companies.

Massive bailout. For Malaysia Airlines, this will be massive. PM must weigh whether to save Malaysia Airlines or start over from scratch. Air Asia would probably make do with guarantees, esp with the creditors for their aircraft purchases. Unlikely they get moratorium on pmts.

United States United States Latest News, United States United States Headlines

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

Hedge funds are pouncing on companies infected by coronavirus | Malay MailNEW YORK, March 28 — Hedge funds have lost billions of dollars as coronavirus has stalled the economy and sent Wall Street into a tailspin. But the financial institutions favoured by the world’s richest investors are plotting a recovery by betting on the markets’ slump. US-based hedge funds...
Source: malaymail - 🏆 1. / 86 Read more »