Airport operator Malaysia Airports Holdings Bhd (MAHB) expects to close two new airport concession deals in Asia by the year-end in a drive to improve its earnings from overseas, its chief said.
Managing director Tan Sri Bashir Ahmad said MAHB is in preliminary discussions with local parties in China and Indonesia to form a consortium and bid for airport concessions in the two countries.
Bashir declined to reveal the parties involved. It is learnt that MAHB may rope in India’s GMR Group as its consortium partner. MAHB has been partnering GMR since 2002.
Its most revent tie-up with GMR is to develop and manage a resort terminal in Maldives, which is set to be opened in 2014.
The two are managing and developing three other airports internationally.
Bashir said as more and more airports get privatised, established airport operators like MAHB as well as those managing Changi and Frankfurt airports are looking at opportunites to be involved in the management and development of airports overseas.
“There is big potential in China and Indonesia and we are looking at growth in those areas. There are many airports that need upgrading. We think we could close two airport deals by year-end,” he said.
On funding for the potential concessions, Bashir said MAHB will use internally-generated funds.
27/01/12 Business Times
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