NSTnation Azmir said that MAVCOM has yet to hear from the three countries about any action they might take.
In its first comments since the FAA downgrade, the aviation regulator said it is concerned its carriers would suffer the same fate as Thailand when it was downgraded by the FAA in 2015.
China, South Korea and Japan all stopped Thailand-based airlines from flying charters and new routes because of safety concerns raised by the International Civil Aviation Organisation, which was followed by the FAA downgrade. MAVCOM chief operating officer Azmir Zain said Malaysian carriers could lose as much as RM4 billion, or 24 per cent of their revenue a year, if China, Japan and South Korea took the same restrictive steps against them.
Malaysia’s airline industry is dominated by state-owned Malaysia Airlines, AirAsia Group Bhd and its long-haul arm AirAsia X Bhd.Azmir also cast doubt over claims by the government that it would be able to regain the top FAA category in 12 months, noting that Thailand has yet to restore its rating and the Philippines took six years to return to Category 1 following its own downgrade.
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