Photo courtesy of International Air Transport Association
Metro Manila (CNN Philippines, May 14) The International Air Transport Association (IATA) is counting on the standardization of protocols for travelers to jump-start the pandemic-hit global tourism industry.
Speaking to CNN Philippines The Exchange, IATA Regional Vice President for Asia Pacific Conrad Clifford lamented how differences in travel protocols - not only among countries but within nations like the Philippines itself are a real problem, making it difficult for airlines to handle these effectively. That s why as much as possible, using our Travel Pass, we d like governments to standardize an approach. We ve been working with the WHO (World Health Organization) on a standard certification. We d like to see standard protocols, ideally globally; it would really help restart [tourism], Clifford said.
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MALAYSIA Airlines Bhd (MAS) appears to have a head start on its closest rivals AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malindo Airways Sdn Bhd after closing a restructuring deal that sees it emerging with a stronger balance sheet, having eliminated some RM10 billion in debt.
Last week, the UK court approved the national airline’s plan to restructure more than RM15 billion in liabilities, which effectively removes “decades-long legacy issues in its balance sheet”, its parent Malaysia Aviation Group Bhd (MAG) says. The plan includes a RM3.6 billion lifeline from its sole shareholder Khazanah Nasional Bhd to support the carrier’s new five-year business plan, which envisages MAS returning to profitability from 2022.
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