Kuala Lumpur, April 15 -- The Government of Malaysia is introducing financial measures to support the aviation sector amid disruptions linked to geopolitical tensions in the Middle East.

Transport Minister Anthony Loke said on April 14 the package includes airfare discounts during holiday periods and financial assistance for airlines to help maintain connectivity.

He noted that at one point, about 75% of daily flights were cancelled, raising concerns over confidence in Malaysia's tourism sector and the broader economy, which could face losses of between 15 billion and 150 billion MYR (3.8-38 billion USD) in 2026.

To ease pressure on airlines, the Civil Aviation Authority of Malaysia will extend payment deadlines for aviation-related ch...