KUALA LUMPUR (July 19): The move to impose price caps on airfares is likely to be a minor irritant to the airlines and is unlikely to have any major commercial implications, said CIMB Research.
Yesterday, Transport Minister Anthony Loke said during a parliamentary sitting that the aviation regulator Malaysian Aviation Commission (Mavcom) was studying measures to control domestic airfares.
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SEPANG (July 19): It is not necessary to put an airfare cap on domestic flights, said AirAsia Group Bhd group chief executive officer Tan Sri Tony Fernandes.
“Don't regulate the market; the market will regulate itself,” he told a media conference to announce further developments of AirAsia X Bhd's long-haul operations here today.
Fernandes called on local aviation stakeholders not to “overreact” to a proposal to fix the prices of air tickets for domestic flights during festive periods.