Malaysia Airports bids for London Stansted

Malaysia Airports Holdings, the operator of Kuala Lumpur International Airport, is bidding for the UK’s third busiest airport, London Stansted, which is being sold by owners Heathrow Airport Holdings and  Ferrovial SA from Spain, the Sunday Telegraph reported.

It is one of the five parties involved in the bidding for Stansted Airport for about $1.5 billion. There are several stages in the process and the winner will be announced in mid-2013. Other bidders are Manchester Airports Group, New Zealand’s investment management company H.R.L Morrison & Co Ltd, US buyout giant TPG and Australia’s Macquarie Group Ltd.

Stansted, with its biggest client being Irish discount carrier Ryanair, has been critisised by airlines for a dramatic drop in passenger traffic in the past years from 24 million in 2007 to 17.4 million in 2011 due to sluggish management.

Malaysia Airports, which is already running airports in India and Turkey apart from its 39 domestic airports, may also bid to run facilities in China and Indonesia because of rising travel demand in the Asian nations, Bloomberg reported.

The airport operator is also in talks to build a theme park and golf course on land near airfields in Malaysia as it works on boosting earnings by 70 per cent in the five years through 2014.



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Malaysia Airports Holdings, the operator of Kuala Lumpur International Airport, is bidding for the UK's third busiest airport, London Stansted, which is being sold by owners Heathrow Airport Holdings and  Ferrovial SA from Spain, the Sunday Telegraph reported. It is one of the five parties involved in the bidding for Stansted Airport for about $1.5 billion. There are several stages in the process and the winner will be announced in mid-2013. Other bidders are Manchester Airports Group, New Zealand's investment management company H.R.L Morrison & Co Ltd, US buyout giant TPG and Australia’s Macquarie Group Ltd. Stansted, with its biggest...

Malaysia Airports Holdings, the operator of Kuala Lumpur International Airport, is bidding for the UK’s third busiest airport, London Stansted, which is being sold by owners Heathrow Airport Holdings and  Ferrovial SA from Spain, the Sunday Telegraph reported.

It is one of the five parties involved in the bidding for Stansted Airport for about $1.5 billion. There are several stages in the process and the winner will be announced in mid-2013. Other bidders are Manchester Airports Group, New Zealand’s investment management company H.R.L Morrison & Co Ltd, US buyout giant TPG and Australia’s Macquarie Group Ltd.

Stansted, with its biggest client being Irish discount carrier Ryanair, has been critisised by airlines for a dramatic drop in passenger traffic in the past years from 24 million in 2007 to 17.4 million in 2011 due to sluggish management.

Malaysia Airports, which is already running airports in India and Turkey apart from its 39 domestic airports, may also bid to run facilities in China and Indonesia because of rising travel demand in the Asian nations, Bloomberg reported.

The airport operator is also in talks to build a theme park and golf course on land near airfields in Malaysia as it works on boosting earnings by 70 per cent in the five years through 2014.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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