Malaysia Airports eyes projects in Middle East, ASEAN

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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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. "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...

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.



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.

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Personal Info

Donation Total: $10.00

 

 

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