KUALA LUMPUR: Malaysia is once again in a global spotlight due to MH370 latest claim made by former Australian Prime Minister Tony Abbot.
Tindakan Strategi, a Kuala Lumpur based consulting firm, shared its views on the latest hype on MH370, via a press statement.
“Like many Malaysians, I too was affected by the tragedy. I believe we should understand the cause of the disappearance.
“It will be a daunting task until the cockpit voice, data recorders and physical evidence are found to better understand the disappearance of MH370.
“The next question is, how we move forward?” ponders Rizal Kamaruzzaman, Executive Director of Tindakan Strategi.
According to Rizal, one of his suggestion is to improve the Malaysian aviation sector safety and regulatory infrastructure.
To address this issue, he proposed that adequate resources and manpower is one of the solutions.
“We had continuous success rolling out winning business model for the low cost carriers.”
“However, we did not live up to the mark for our own national airline carrier, MAS” Rizal added
Referring to MAVCOM’s report published on February 2020, “The Economic Impact and
Implications of the Civil Aviation Authority of Malaysia’s Rating Downgrade”, the country’s carriers could see an annual revenue at risk amounting to RM4 billion.
If this situation continues without being addressed adequately, then Malaysian aviation industry risks becoming less competitive in the global aviation sector, one of it due to safety issue, claimed Rizal.
Putting a suggestion forward, Rizal hopes that Aviation Regulators in the country will ‘tighten the screws’ as to avoid any further downgrades from FAA.
The US FAA downgraded Malaysia’s aviation safety rating to Category, after the Civil Aviation Authority of Malaysia (CAAM) failed the aviation safety oversight audit, November 2019.
Several years ago when Thailand was downgraded by the United States Federal Aviation Administration (FAA), China, Japan and South Korea followed suit in barring Thailand-based airlines from flying charters and new routes in their countries.
Back then, Malaysia was once known as the best Boeing 737 maintenance
operations outside the United States in the 80s and 90s.
According to Frost & Sullivan report, the global MRO business is worth USD82 billion and expected to increase nearly USD100 billion by 2025.
“A slice of this global pie would generate more jobs and investment for the local economy.
“Moving forward, our strategy is to closely look into ‘safety’ issues that need to be strengthen in order to seize the global opportunities awaiting in the aviation industry.
“Therefore, it is imperative the Civil Aviation Authority Malaysia (CAAM) and its direct stakeholders view this crisis as an opportunity to review the current policies, regulations and communications framework to promote effective and efficient regulation of civil aviation to meet international standards.” Rizal suggested.