Friday, May 26, 2017

MAHB gets nod to go international, eyes more airports in India

Sepang: Malaysia Airports Holdings Bhd (MAHB), which is the third largest airport operator in the world by passenger size, plans to expand its presence abroad and may acquire some airports in India to ride on strong air travel demand in Asia.

Its managing director Datuk Badlisham Ghazali said the board has approved its fourth pillar strategic plan to expand internationally by acquiring new airports as well as getting more services-related business.

"The strategy is to tap intra-Asia air travel market which currently generated the highest passenger traffic in the world.

"We are looking at a few opportunities. Sometimes it is not just about one-to-one airport but basket of airports... And acquiring airports is not going to be through the normal tendering process.

"It is about making representation of capabilities, synergies and value creation as well as whether we can work hand in hand with local partners," he told reporters here at the company's annual general meeting.

Badlisham said India's airport market is opening up and currently enticing investors to look at it.

"Last year, India announced 50 secondary airports to be put into the market. So now they are soliciting whether we should do a basket of airports. They are not sure and really asking how they should go about this.
25/05/17 Amir Hisyam Rasid/New Straits Times