Malaysia Airports Holdings Berhad (MAHB) is bringing on board new investors by the end of 2024 in an attempt to address the creaky facilities and dwindling airline connectivity at Kuala Lumpur International Airport (KLIA).
While some have welcomed the injection of funds and expertise that could steer Malaysia’s main gateway back on course, experts remain sceptical on whether these initiatives can give enough lift for KLIA to catch up with its regional counterparts.
Under a RM12.3 billion (S$3.5 billion) deal that will be completed by end-2024 and will take the listed airport operator private, US-based investment fund Global Infrastructure Partners (GIP) and the United Arab Emirates’ biggest sovereign wealth fund, Abu Dhabi Investment Authority, will emerge with a combined 30 per cent stake in MAHB.
These two foreign stakeholders are part of the Gateway Development Alliance (GDA) consortium that will acquire MAHB. The consortium also comprises two of MAHB’s existing local investors – sovereign wealth fund Khazanah Nasional and state pension fund Employees Provident Fund – that together will have an increased stake of 70 per cent in the airport operator after the exercise.
A key transit hub that was once ranked second-best airport in the world in 2001, KLIA has been slipping down the Skytrax global airport rankings since 2013. In 2024, it fell another four spots to rank 71st, from 67th in 2023.
Diese Geschichte stammt aus der July 15, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der July 15, 2024-Ausgabe von The Straits Times.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Under-16s need more exposure, says fraternity
There are valuable lessons to be learnt from the Singapore Under-16 football team's defeats at the recent Lion City Cup (LCC), said the community on Oct 8.
Kane given 'all-clear' for Nations League games
LONDON – Captain Harry Kane has been given the green light to remain with England for their upcoming Nations League fixtures on Oct 7, after the striker was examined by Football Association (FA) medical staff.
Historic Ohtani 50-50 ball remains in play as auction continues
LOS ANGELES – The owner of the ball that Shohei Ohtani hit for his historic 50th homer of 2024 remains in dispute, but the souvenir will continue to be auctioned off while legal proceedings continue.
DJOKOVIC STORMS PAST COBOLLI
Serb eases into Shanghai Masters last 16 after days of schedule disruption due to rain
France Rugby plans to impose strict discipline
PARIS - French Rugby Federation (FFR) president Florian Grill announced on Oct 7 an overhaul of the system of discipline in the France teams after a summer tour of Argentina was overshadowed by claims of attempted rape and racism.
CHAMPS GALORE AT SWIM WORLD CUP IN S'PORE
Star-studded cast includes Marchand, Pan, le Clos, McKeown, Zhang and Douglass
BOY XANDER LOOKING FRESH FOR THE TASK
Two-time Kranji winner returns after 29 months out, goes well in training on Oct 8
Turn down the K-pop and pay attention to K-healing
The rise of South Korean books about burnout has taken the world by storm.
How is it that Netanyahu is able to keep defying Biden?
The 'tail wagging the dog' situation is not simply about the power of the 'Israel Lobby'. Other factors in the patron-client relationship are in play too.
Most Asean fund managers avoiding new economy firms
Uncertainty over future returns, growth prospects among factors
