Friday, September 16, 2011

BIMP-EAGA Malaysia Tourism council worried about airasia/mas share swap


Council supports MASwings’ Sarawak-Brunei initiative

Borneo Post on September 12, 2011, Monday
Responding to the possibility of Firefly terminating services in Sarawak and Sabah, he said the swapping of shares between Malaysia Airlines (MAS) and AirAsia should not result in a monopoly.
“Monopoly will hurt the industry and we definitely do not want to see this happening. Whatever the commercial deal is should not lead to monopoly of services.”
To help eradicate monopoly of the market, Wee queried the implementation of the Competition Act 2010.
“The Competition Act passed in Parliament last year is to promote a competitive market environment in a way to curb monopoly. And what’s the latest about this act?”
He said what concerned consumers most would be reasonable and competitive fare prices.
“It is okay for them to swap shares because what we care is that AirAsia still offers low-cost tickets, MAS continues to have special offers and Firefly offer zero fares.”

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