Malaysia said it will liberalise the air route between Kuala Lumpur and Singapore, in a move that may benefit consumers as discount carriers enter the market and offer lower fares, The Straits Times reported. Currently, Singapore Airlines Ltd. and Malaysia Airlines dominate the route, charging around S$300 per return ticket for the short flight.

An air services agreement between the two Southeast Asian countries - last revised in 1980 - currently prevents discount carriers from flying the route.

Malaysia’s AirAsia Bhd. has already said it may offer one-way fares for around S$35.

The Straits Times report was published Saturday.
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