Kuala lumpur: The Civil Aviation Authority of Malaysia (CAAM) will establish a regulatory framework for the low-altitude economic sector, said Transport Minister Anthony Loke. He stated that a regulatory framework was needed to develop the new sector and ensure safety aspects.

According to BERNAMA News Agency, the low-altitude economy is a new field relevant to economic development and aligns with the government's mission and vision. Loke emphasized the necessity of regulation for the sector to thrive, particularly in aviation. The low-altitude economy involves economic activities using airspace at low altitudes, including drones and aircraft for delivery services, air taxis, drone light shows, and emergency services.

Loke further explained that CAAM will avoid 'over-regulating' the sector to encourage market entry. He noted that excessive regulation could hinder industry players from entering the market. The minister also mentioned plans to review existing processes and regulations within the civil aviation sector to enhance efficiency and reduce bureaucratic obstacles.

Loke highlighted that any outdated regulations and processes need to be reviewed by CAAM for potential amendments. He also announced that new appointments to CAAM's management team will occur gradually, focusing on selecting qualified and competent candidates, including for the deputy chief executive officer (Economics) position.

Today, CAAM introduced its new logo and corporate identity, reflecting its expanded role as the sole regulator for Malaysia's aviation industry following its merger with the Malaysian Aviation Commission (MAVCOM) on August 1. Originally established in 2018 to regulate technical and safety aspects, CAAM now also oversees economic, competition, and consumer protection regulatory functions.