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Market Chatter: Malaysia Launches MYR5 Million Relief Package for Aviation Industry

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Malaysia has rolled out a 5 million ringgit ($1.3 million) relief package to support its aviation industry as airlines face escalating operational costs linked to tensions in the Middle East, Bloomberg News reported Sunday.

The measures aim to sustain operational stability while easing financial strain across the sector. Under the initiative, the Transport Ministry is granting up to a 60-day extension for navigation charges, along with waivers on aircraft parking fees.

Payments for passenger boarding bridges and check-in counter services will also be deferred by two months, reportedly.

The funds will support airfare rebates for 100,000 passengers travelling between Peninsular Malaysia, Sabah, Sarawak and Labuan from May to June, the news outlet said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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