News by Kang Siew Li

Beng Teik, 60, is also currently executive chairman of Ajiya Bhd, as well as non-independent non-executive chairman of Chin Hin Group Property Bhd and Signature International Bhd.

This is for years of assessment 2016 to 2019.

If a crew member is tested positive, he or she is required to undergo a seven-day hotel/home quarantine in the country or until the next flight scheduled.

Gan acquired 8.42 million shares in the the LEAP Market-listed technology-based company. 

The stock surged as much as 38% to hit its intraday high of 73 sen in early trade today. At 4.14pm, the stock was trading at 63 sen, bringing a market capitalisation of RM272.81 million. A total of 61.4 million shares changed hands.

Malaysia Aviation Group (MAG) group chief financial officer Boo Hui Yee: Our immediate priority is to stem losses, save cash and sustain the business against the highly 'changeable' uncertainty of the COVID-19 pandemic.

"The impact (of COVID-19) to the market is tremendous. People are not travelling. Businesses not operating as they used to be and the aviation landscape has changed tremendously. MAG is not spared from all of this."

In a Sept 5 letter addressed to Transport Minister Anthony Loke Siew Fook, the Board of Airline Representatives Malaysia (BAR-Malaysia) urged the Government to roll back plans to cut PSC from RM73 to RM50 for passengers flying to destinations beyond Asean at klia2 and all airports in Malaysia except KLIA. The change is expected to come into force next month.

A source said Najah Air had decided to not move forward with its bid for a stake in Malaysia Airlines as the start-up is not confident about striking a deal.

Under the group’s plan, Malaysia Airlines will be a low-cost, full-service carrier while FlyFirefly Sdn Bhd will be transformed into Asean’s first ultra-low-cost carrier focusing on millennials.