Malaysia Airports eyes projects in Middle East, ASEAN

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KLIA2Malaysia Airports Holdings Bhd (MAHB) is keen to bid for new airport projects in the Middle East, Myanmar and the Philippines, said its CFO Faizal Mansor.

“We are already in India and we’ll make further investments there. We’re also looking at (airport projects in) the Middle East as well as ASEAN countries like Myanmar and the Philippines,” he told a news conference in Sepang on November 1.

“China, however, despite having a big number of airports and is undertaking privatisation at a very fast pace, I don’t think we’re ready for (airport projects there) yet. Language barrier is one of the issues,” he said.

The airport operator reported a slight drop in net profit to $35.58 million for the third quarter ended September 30, 2013 from $35.67 million a year ago, dampened by higher cost due to higher user fee. Revenue, however, grew 29 per cent to $306.85 million.

“Previously, the amount of user fee that has been recognised in the income statement represents half of the total user fee payable to the government, while the other half is to reduce the amount due for balance residual payment arising from MAHB’s restructuring exercise,” said Faizal.

Globally, the air travel demand for international and domestic segments registered 5.2 per cent and 4.8 per cent year-on-year growth, respectively.

Faizal said MAHB continues to benefit from the entry of new airlines and expansion of local carriers such as Malaysia Airlines, AirAsia and Malindo Air. In August, the total passengers handled by MAHB surpassed the 7 million mark for the first time, being the highest passenger movement achieved in a month.

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Reading Time: 2 minutes

Malaysia Airports Holdings Bhd (MAHB) is keen to bid for new airport projects in the Middle East, Myanmar and the Philippines, said its CFO Faizal Mansor.

Reading Time: 2 minutes

KLIA2Malaysia Airports Holdings Bhd (MAHB) is keen to bid for new airport projects in the Middle East, Myanmar and the Philippines, said its CFO Faizal Mansor.

“We are already in India and we’ll make further investments there. We’re also looking at (airport projects in) the Middle East as well as ASEAN countries like Myanmar and the Philippines,” he told a news conference in Sepang on November 1.

“China, however, despite having a big number of airports and is undertaking privatisation at a very fast pace, I don’t think we’re ready for (airport projects there) yet. Language barrier is one of the issues,” he said.

The airport operator reported a slight drop in net profit to $35.58 million for the third quarter ended September 30, 2013 from $35.67 million a year ago, dampened by higher cost due to higher user fee. Revenue, however, grew 29 per cent to $306.85 million.

“Previously, the amount of user fee that has been recognised in the income statement represents half of the total user fee payable to the government, while the other half is to reduce the amount due for balance residual payment arising from MAHB’s restructuring exercise,” said Faizal.

Globally, the air travel demand for international and domestic segments registered 5.2 per cent and 4.8 per cent year-on-year growth, respectively.

Faizal said MAHB continues to benefit from the entry of new airlines and expansion of local carriers such as Malaysia Airlines, AirAsia and Malindo Air. In August, the total passengers handled by MAHB surpassed the 7 million mark for the first time, being the highest passenger movement achieved in a month.

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