Missing Malaysia Airlines plane incident affects business travel

The shrinking Malaysia Airlines group is currently trying hard to stay afloat in the aviation sector with reports of the airline group losing out on lucrative business following the disappearance of a China-bound flight that

went missing more than a week back.

Before the tragic incident involving 239 passengers (the disappearance still remains a mystery), Malaysia Airlines was already neck-deep in losses. The disappearance of the flight further adds woes to Malaysian Government with international travelers showing their displeasure over the airline’s way of looking into the issue.

Sources reveal that the incident might well hit tourism trade to Southeast Asia from China. “I would say 80 percent of corporate travelers would opt to change for now,” said Alicia Seah, director of communications at Dynasty Travel in Singapore, adding that foreign travelers were switching to national carriers such as Singapore Airlines.

“With time, travelers will overcome this sense of fear. During this time, Malaysia Airlines will need aggressive efforts to rebuild trust and confidence and reputation.”

Malaysia Airlines earlier reported loss a loss of 1.17 billion ringgit in 2013 from a loss of 431 million ringgit in 2012 and it was already forecasting a tough 2014.