Featured stories from TravelWeekly Asia: New adminstrator for Malaysia Airline, environmental concerns for Mergui, Seatrade Cruise Asia in June
Axe to fall on MAS staff as airline appoints new administrator
Malaysia Airlines’ owner Khazanah Nasional Bhd has appointed Datuk Mohammad Faiz Azmi as administrator for Malaysian Airline System Bhd (MAS) with immediate effect, as it transitions to the new company as Malaysia Airlines Bhd (MAB).
Consulting and audit firm PricewaterhouseCoopers will send out termination letters to about 6,000 staff who are being laid off as part of the airline’s 12-point RM6 billion (US$1.66 billion) restructuring plan to return it to profitability.
• Read the full story here.
Environmentalists concerned about development of Mergui
Development must happen with careful consideration of environmental aspects, cautioned environmental groups, when Myanmar announced it will give the go-ahead for new hotels to be developed in Mergui, the southernmost archipelago, by year-end.
While acknowledging the benefits of such development plans, environmentalists have urged the government to establish environmental guidelines for the developers.
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Seatrade Cruise Asia discusses key Asian cruise market issues
Seatrade Cruise Asia will take place at the Busan Exhibition and Convention Centre in Busan, Korea from June 11-12. Cruise industry experts and leading figures are gearing up for a ground-breaking debate on the cruise industry within Korea and the Asia market.
The cruise industry has a global worth of over US$177 billion, with the Asian burgeoning cruise market currently holding 5% of the market share. However, with the number of Asian cruise passengers set to exceed 2.1 million this year, and as many as 8 million by 2020, the region is on track to become the world’s fastest growing cruise market.
• Read the full story here.
