Malaysia News

Capital A Bhd said the proposed exercise was aimed at streamlining its corporate holdings and resolving historical liabilities.

KUALA LUMPUR: Malaysia’s aerospace industry is strengthening its position in the regional supply chain as local companies expand into higher-value manufacturing, maintenance and engineering services.

Shares of Capital A Bhd and AirAsia Group Bhd plunged on Thursday after reports that the government is considering contingency plans for AirAsia’s domestic operations.

AirAsia accounted for 34 per cent of flights at KLIA, making it the airport’s dominant carrier, according to the report.

Discussions between the government and Malaysia Airlines and Batik Air have increased in recent weeks, the people said, amid growing concerns over financial pressures faced by AirAsia.

AirAsia Group airlines AirAsia Malaysia and AirAsia X Malaysia have completed drug screening for all active pilots and cabin crew with all test results coming back negative.

Transport Ministry secretary-general Datuk Seri Jana Santhiran Muniayan said the plan, launched today, would provide a focused national framework for strengthening aviation safety over the next three years.

Newly-appointed executive chairman Tan Sri Syed Azman Syed Ibrahim has raised his stake in biomass company HHRG Bhd by more than 4.7 million shares.

The government will provide all necessary assistance and support to the families of the victims of the helicopter crash in Sarawak, said Prime Minister Datuk Seri Anwar Ibrahim.

Genting Malaysia Bhd’s planned superyacht marina can help position Langkawi as a higher-value maritime and tourism hub, while boosting its appeal to high-spending visitors.