Mixed fortune: Malaysia Airlines, Malindo Airways and AirAsia aircraft stand on the tarmac at KL International Airport in Sepang. The research houses have mixed expectations for the aviation industry this year. – Bloomberg
PETALING JAYA: The local aviation industry is in for more turbulence this year, says Affin Hwang Capital Research.
Despite a highly profitable 2016 for the industry as a whole, the research house expects headwinds from increased competition from a reinvigorated Malaysia Airlines Bhd (MAS) as well as aggressive expansion by Malindo Airways Sdn Bhd to add pressure on industry yields.
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