Category: 2013

31 December 2013 Premium air travellers, who previously may have been hesitant to fly via the low-cost carrier terminal (LCCT), could soon be enticed to use the new Kuala Lumpur International Airport 2 (klia2), which is due to open on May 2 next year. AirAsia to benefit from KL Sentral-klia2 rail link Premium travellers, who … Continue reading AirAsia to benefit from KL Sentral-klia2 rail link

30 December 2013 Malindo Air, Malaysia’s hybrid airline, aims to achieve more than three million passenger target by end-2014, with the opening of the spanking new klia2 on May 2, 2014. Chief Executive Officer Chandran Rama Muthy said: "we’re already touching about 900,000 passengers this month. We aim to touch the first one million passengers … Continue reading Malindo Air aims to hit 3 million passenger target by end-2014

30 December 2013 STRATEGIC LOCATION: KLIA, klia2 and Subang Skypark expected to handle 82m passengers by 2020 KUALA Lumpur is set to play a larger role as an aviation hub in Southeast Asia in the next seven years, say analysts. The city is expected to handle some 82 million passengers by 2020 at its three … Continue reading KL set for greater heights

28 December 2013 By Leong Hung Yee The rapidly-expanding aviation sector is expected to remain challenging and competitive in 2014. Nevertheless, industry players and analysts are of the opinion that the outlook will be “positive” next year. A Malindo Air plane doing a trial landing on klia2‘s run way. According to industry players, the opening … Continue reading Good year ahead for aviation?

24 December 2013 The joint venture (JV) between UEM Construction Sdn Bhd and Bina Puri Sdn Bhd said it would complete the work package for the low-cost terminal, klia2, by the stipulated deadline on Jan 31, 2014. In a joint statement Tuesday, the companies said they were "working rigorously" to ensure the physical completion of … Continue reading UEM Construction-Bina Puri JV To Complete klia2 Work On Time

20 December 2013 BY B.K. SIDHU AS far as klia2 is concerned, it is no longer a question of keeping deadlines, but of credibility. How many delays can one stomach? Two, three, four? And how many are needed to get this giant structure completed? Over the past few days, there has been talk of yet … Continue reading klia2 – how many delays can one stomach?

19 December 2013 Malaysia Airports Holdings Bhd (MAHB) is worried that the opening date of the multi-billion ringgit klia2 could be further delayed if the main contractors fail to meet their January deadline, the Business Times reported today. The exterior of klia2 as seen on August 19, 2013. – Picture by Saw Siow Feng Without … Continue reading klia2 at mercy of contractors

17 December 2013 DOUBTS have resurfaced over the opening of the RM4 billion Kuala Lumpur International Airport 2 (klia2), which is scheduled for May 2 next year. Malaysia Airports Holdings Bhd (MAHB) is concerned that another delay may be imminent should the key contractors be unable to hand over the main terminal by end-January. "The … Continue reading Concern over klia2’s opening

17 December 2013 The possibility of a further delay in the completion of the new low-cost carrier terminal (klia2) in Sepang comes as a major shock to analysts and could dampen Malaysia Airports Holdings Bhd‘s (MAHB) share price in the near term. Last week, contrary to previous briefings, MAHB said that it was concerned that … Continue reading MAHB share price may face weakness

16 December 2013 The government will not at any point of time revise the opening date of the first hybrid airport, Kuala Lumpur International Airport 2 (klia2) as the main contractors have pledged to deliver it by end of January 2014. Deputy Transport Minister Abdul Aziz Kaprawi, who heads the klia2 taskforce which monitors progress … Continue reading klia2 ‘98% Completed’ and ‘On Schedule’

14 December 2013 Malaysia Airports Holdings Bhd (MAHB) has expressed concern over the slippage in the work schedule of the klia2 terminal building, which is being built by the UEMC Binapuri joint venture. MAHB said yesterday that the terminal building contractor had to make “every endeavour” to complete it for the May 2, 2014 opening … Continue reading MAHB: Slippage in work schedule of klia2 terminal

26 November 2013 Wearing the iconic red cap with a casual white-collar shirt and jeans, AirAsia co-founder and non-independent executive chairman Datuk Kamarudin Meranun talked about his responsibility during an interview with Sin Chew Daily. Kamarudin: My main task is to coordinate with the government and convey the right messages to the people. Kamarudin said … Continue reading Kamarudin: AirAsia is a Malaysian airline

26 November 2013 Three new airlines are expected to start operating from Kuala Lumpur next year, said Malaysia Airports Holdings Bhd (MAHB) general manager of marketing Mohamed Sallauddin Mat Sah. Sallaudin (left) and Altmann speaking at a media briefingyesterday "We will promote the facilities at both the Kuala Lumpur International Airport (KLIA) and klia2 (in … Continue reading 3 more airlines to check in next year

15 November 2013 The finalised passenger service charges (PSC) or airport taxes for Kuala Lumpur International Airport 2 (klia2) will be made public by end of this year, the Dewan Rakyat was told yesterday. Acting Transport Minister Hishammuddin Hussein Acting Transport Minister Hishammuddin Hussein said the ministry has held discussions with the stakeholders involved to … Continue reading Airport taxes at klia2 to be announced by year-end

13 November 2013 AirAsia X Bhd, the long-haul arm of AirAsia Bhd, expects 25% growth this year via the setting up of Thai AirAsia X, its new investment in Thailand. CEO Azran Osman Rani said details of AirAsia X’s first international hub in Thailand will be announced soon. Besides Thailand, AirAsia X would look for … Continue reading AirAsia X expects 25% growth this year

13 November 2013 KUB Malaysia Bhd is all set to hand over its RM268.8 million third runway project at klia2 in Sepang to Malaysia Airports Holdings Bhd (MAHB) by the end of this month. It was reported that the airport operator had awarded the project to KUB in October 2011 to build the 3.96km third … Continue reading KUB to hand over klia2 3rd runway end-November

12 November 2013 The main contractors for the new low-cost carrier terminal klia2, the UEM Construction Sdn Bhd-Bina Puri Holdings Bhd joint venture (JV), have completed 98% of their portion of the project. Bina Puri group managing director Tan Sri Tee Hock Seng said construction work was expected to be completed by year-end while safety … Continue reading Work at KLIA2 98% done, should be completed by year-end

19 October 2013 AIRASIA Bhd is ready to move to Kuala Lumpur International Airport 2 (klia2), the country’s first hybrid airport, once it opens on May 2 next year, said AirAsia Group chief executive officer Tan Sri Tony Fernandes yesterday. Tan Sri Tony Fernandes He said he hopes the low-cost carrier’s operations will move entirely … Continue reading AirAsia ready to shift to klia2

16 October 2013 klia2, the world’s largest purpose-built airport for low-cost carriers, is 94% complete and is slated to open by the May 2, 2014 deadline. Malaysia Airports Holdings Bhd (MAHB) chief operating officer Datuk Abd Hamid Mohd Ali said the terminal building was 99 percent ready and was at finishing work stage. Ongoing work … Continue reading klia2 almost complete, to open by May 2014

7 October 2013 KUB completes 3rd runway at klia2 KUB Malaysia Bhd has completed the third runway at the new terminal for low-cost carriers, klia2, said its chairman Datuk Seri Abd Halim Abd Samad. He said the runway project was delivered on time, before the opening of klia2, which was expected in May next year. … Continue reading KUB completes 3rd runway at klia2

2 October 2013 By Zarul Effendi Razali Express Rail Link Sdn Bhd (ERL) is in the midst of identifying a win-win solution for the train’s operational time, airline passengers and staff of the klia2 airport, which is due to be fully operational by May 2014. Its Senior Vice President for Marketing and Business Development Management, … Continue reading ERL to come out with win-win solution for klia2

1 October 2013 The 2.2km railway line extension from Kuala Lumpur International Airport (KLIA) to Kuala Lumpur International Airport 2 (klia2) is ready, way ahead of the completion date of the country’s new hybrid airport in May next year. Express Rail Link Sdn Bhd (ERL) chief executive officer Noormah Mohd Noor said only final touch-ups … Continue reading KLIA-klia2 railway line ready

23 September 2013 Malaysia Airports Holdings Bhd (MAHB) projects an increase of 15 per cent in its staff here from the present 2,000 when the klia2 begins operations in 2014. "When the klia2 opens, the new staff will mainly be non-executive, in the security, operations, engineering, and fire and rescue services divisions," Human Resource Senior … Continue reading MAHB projects 15% more staff in 2014

21 September 2013 Datuk Nur Jazlan Mohamed The Public Accounts Committee (PAC) will look into Khazanah Nasional Bhd’s role in delays and rising costs of the klia2 project and the Malaysia Airlines–AirAsia share swap that led to a RM20 million anti-trust fine, says its chairman Datuk Nur Jazlan Mohamed (pic). He said PAC will probe … Continue reading PAC to probe Khazanah’s role in klia2, MAS-AirAsia fiasco

19 September 2013 MALAYSIA AIRPORTS HOLDINGS BHD By RHB Research Institute Buy (maintain) Target price: RM8.47 WE upgrade MAHB‘s passenger traffic growth from 11% to 12% for 2013, which lifts our earnings forecasts for financial years 2013 to 2015 by 1%-4%. Next year will be a brighter year as the airport operator rides on the … Continue reading H2 more encouraging for Malaysia Airports Holdings

21 August 2013 KUB Malaysia Bhd said it has completed about 95% of the runway works at klia2 in Sepang, adding that test runs on the runway will be held on Aug 30. KUB Builders Sdn Bhd, a unit of KUB, was awarded a RM268.8 million contract in October 2011 to build the 3.96km third … Continue reading KUB completes 95% of klia2 runway works

19 August 2013 The task force overseeing the repeatedly-delayed klia2 today maintained there will be no more deferrals to the hybrid airport project, even as it announced changes to one of its contractors. Deputy Transport Ministry Datuk Abdul Aziz Kaprawi said today, “Everything is on track, so there is no mystery.” The task force, headed … Continue reading klia2 task force insists work on track

20 August 2013 Malaysia Airports Holdings Bhd (MAHB) has appointed a new contractor to complete the klia2 baggage handling system job at RM20 million more than the original cost of the remaining work to be completed. Deputy Minister of Transport Datuk Abd Aziz Kaprawi Its COO Datuk Abdul Hamid Mohd Ali said New Zealand-based BCS … Continue reading MAHB has to fork out RM20 million more

19 August 2013 The passenger service charge (PSC) at klia2  will be the same as the low-cost carrier terminal (LCCT), said Deputy Transport  Minister Datuk Aziz Kaprawi. He said it would not burden the passengers, as the cost would be borne by Malaysia Airports Holdings Bhd (MAHB). “No increase. You just imagine at the services … Continue reading Aziz Kaprawi: No increase in passenger service charge at klia2

19 August 2013 Construction of Malaysia’s klia2 low-cost air terminal is 92% completed and its terminal building is 96% completed with major packages completed. These are the district cooling system, Express Rail Link track, taxiway linking runway two to klia2, air traffic control tower, traffic control equipment installation, elevated roads to the terminal, eastern aircraft … Continue reading Construction of klia2 92% completed

6 August 2013 While the termination of the sub-contractor for the baggage handling system (BHS) at klia2 in Sepang may cause further delays in the completion of the new low-cost carrier terminal, a source close to the matter thinks not, saying a new contractor has already been appointed to complete the job. About 70-80% of … Continue reading klia2: Don’t fret over contractor termination

1 August 2013 Malaysian AE Models Holdings Bhd has posted a hefty net loss of RM207.76 million for the year ended May 31, from a net profit of RM16.25 million a year earlier, on account of project delays including Kuala Lumpur International Airport 2 (klia2). The company’s revenue dipped to RM464.07 million during the year … Continue reading Malaysian AE Models posts hefty net loss of RM208 million

24 July 2013 Affin Research is downgrading Malaysia Airports Holdings Bhd (MAHB) to “Add” from “Buy” with a target price of RM7 as it would incur come cost overruns with the delay in the completion of klia2. “This will likely thwart back further share price outperformance. On the positive side, MAHB has been receiving more … Continue reading Affin Research downgrades MAHB to “Add”

24 July 2013 Malaysia Airports Holdings Bhd (MAHB), which posted a marginally higher net profit of RM101.8mil in the second quarter ended June 30, maintains the cost of klia2 is capped at RM4bil. "Malaysia Airports Holdings Bhd chief financial officer Faizal Mansor RAJA FAISAL HISHAN/The Star “The cost (of klia2) is still below RM4bil. We … Continue reading Cost of klia2 capped at RM4 billion

16 July 2013 Passengers departing from klia2 in Sepang are likely to pay a smaller passenger service charge (PSC) than those travelling through the Kuala Lumpur International Airport’s (KLIA) main terminal, regardless of its classification as a hybrid terminal or a low-cost carrier terminal, sources say. "We still expect the PSC to be lower, but … Continue reading Hybrid or low-cost, klia2 charges likely to be lower

15 July 2013 The Transport Ministry is no longer classifying klia2 in Sepang as a low-cost carrier terminal (LCCT), calling it now a "hybrid terminal" due to the addition of a business lounge and the segregation of arriving and departing passengers in the new terminal building. This, however, raises questions about the passenger service charge … Continue reading klia2 as a hybrid terminal raises questions on airport charges

13 July 2013 NOT TO SPECIFICATION: Airport operator received 230 non-compliance reports, including cracks in buildings and low ceilings SEPANG: MALAYSIA Airports Holdings B h d (MAHB) has received a staggering 230 non compliance reports on the construction of the klia2 here leading to delays in its completion and escalating cost. The long list of … Continue reading Flaws delayed klia2

13 July 2013 klia2 will be the first hybrid airport in Malaysia, shedding its low-cost terminal label to provide Business Class services to accommodate AirAsia‘s needs. The airport will also have total segregation of arrival and departure passengers, upgrading the building to three storeys from two previously. Deputy Transport Minister Datuk Abdul Aziz Kaprawi said … Continue reading klia2 set to be the first hybrid airport in Malaysia

11 July 2013 The increase in construction cost of low-cost carrier (LCC) terminal klia2 to RM4 billion from RM2 previously was due to among others to meet requests by AirAsia, the Dewan Rakyat was told today. Deputy Transport Minister Datuk Abdul Aziz Kaprawi said AirAsia as the biggest operator at klia2, among others asked for … Continue reading klia2 cost going up on AirAsia’s requests

10 July 2013 Malaysian AE Models Holdings Bhd’s major subsidiary Matromatic Handlings Systems (M) Sdn Bhd (MHS) – a casualty of the ongoing delays faced by klia2 in Sepang – is now under receivership. MHS secured a RM81.8 million sub-contract from the UEMC-Bina Puri joint venture in September 2010. The contract was for the supply, … Continue reading Malaysian AE Models unit in receivership

9 July 2013 The delay on the completion of Kuala Lumpur International Airport 2 (klia2), while expected, it has undoubtedly affected various parties in various means. Nevertheless, efforts have been made by Malaysia Airports Holdings Bhd (MAHB) and other relevant parties to speed up the construction progress of the airport to meet its current dateline … Continue reading Measures taken to deal with klia2’s delay

8 July 2013 UEM-Bina Puri Joint Venture (JV) says the main terminal, sky bridge and piers for the new airport in Sepang, Selangor will be ready in time for the opening on May 2, next year. "Our paramount objective is to complete the project without compromising the safety, quality and operational efficiency of the new … Continue reading UEM-Bina Puri pledges klia2 deadline

8 July 2013 The Transport Ministry will set up a special committee headed by the Deputy Transport Minister Datuk Abdul Aziz Kaprawi to monitor the progress of the new low-cost carrier terminal klia2 and ensure it meets the new completion deadline of April 30, 2014. Interim Transport Minister Datuk Seri Hishamuddin Hussein said the RM4 … Continue reading Special committee to make sure klia2 opens on time

8 July 2013 The Transport Ministry has set up a committee to ensure that the long-delayed Kuala Lumpur International Airport 2 (klia2) project will be operational by March next year, Acting Transport Minister Datuk Seri Hishamuddin Hussein said. Hishamuddin said the special committee led by deputy minister Datuk Abdul Aziz Kaprawi will make sure the … Continue reading Hishamuddin: No more excuses for klia2 delay

8 July 2013 Deputy Transport Minister Datuk Abdul Aziz Kaprawi has promised to ensure the klia2 project is completed on time. Abdul Aziz, who heads a special committee overseeing the project, said the low-cost carrier terminal’s construction works would be completed by April 30 and operations will begin on May 2, 2014. “I am personally … Continue reading Abdul Aziz: klia2 will take off on time

6 July 2013 A special committee under the Transport Ministry has been formed to monitor the klia2 airport, and ensure that it will meet its latest May 2, 2014 deadline. Acting Transport Minister Datuk Seri Hishammuddin Hussein said that the committee, which is tasked to communicate to the public the reasons behind the repeated delay … Continue reading Ministry forms special committee to explain klia2 delay

6 July 2013 MALAYSIAN AE Models Holdings Bhd (Maemode) could very well be the first major public-listed company that’s been hurt the most as a result of the delay in the opening of the klia2. Tasked with an RM62mil sub-contract to build the baggage handling and sortation system for the proposed airport, it has now … Continue reading Malaysian AE hit by klia2 delay

6 July 2013 The troubled klia2 mega project must be completed by April 30 next year, and become operational by May 2, said Datuk Seri Hishammuddin Hussein. Hishammuddin, accompanied by MAHB officials, visiting the klia2 in Sepang. A special committee in the Transport Ministry which will be set up soon will monitor progress. No more … Continue reading Hisham: klia2 can’t miss April deadline

5 July 2013 Malaysia Airports Holding Bhd (MAHB), the country’s airport operator, assured that there will be no further delays for the launch of the RM4 billion klia2 — which is scheduled to open on May 2, 2014. klia2, the airport terminal with the capacity to cater to 45 million passengers, will come with 68 … Continue reading MAHB assures no more delay for klia2

5 July 2013 The contractor for the delayed klia2 project has given assurance that work on the airport’s terminal building will be completed by April 30, 2014. The assurance was given by UEMC-BinaPuri JV to Transport Minister Datuk Seri Hishammuddin Hussein during his visit to the site of the RM4bil airport project site on Friday. … Continue reading Contractor assures klia2 will be completed by April 2014

5 July 2013 Interim Transport Minister Datuk Seri Hishammuddin Hussein has given an ultimatum that the klia2 must be completed on time. "The timeline given for the works at the terminal building to be completed on April 30 next year to enable its opening on May 2, has to be adhered to," he said at … Continue reading klia2 must be opened by next May – Hishammuddin

4 July 2013 Malaysia Airports Holdings Bhd (MAHB) has received variation order (VO) claims from several contractors of the low-cost carrier terminal klia2, which may raise its cost to RM4.6 billion, a person with firsthand knowledge on the matter says. Rumour has it that MAHB received VO claims of more than RM250 million from contractors … Continue reading klia2 contractors claim RM250 million more

4 July 2013 Retailers who have been awarded trading lots at klia2 in Sepang are disappointed with the prolonged delay in the airport’s completion. The retailers also doubt that the airport can open in time by May 2 next year. They were commenting on The Star report on Tuesday that the airport’s completion has been … Continue reading Traders irked by klia2 delay

4 July 2013 MALAYSIA Airports Holdings Bhd (MAHB), which has come under fire from all sides for the delay in the completion of airport project klia2, is pointing the finger at AirAsia Bhd, government agencies and the main contractor. The delay has been mainly due to changes to the design of the airport and its … Continue reading klia2 reveals all

4 July 2013 VARIATION ORDERS: Airport project cost may rise to RM4.6 billion as a result, says source MALAYSIA Airports Holdings Bhd (MAHB) has received variation order (VO) claims from several contractors of the low-cost carrier terminal klia2, which may raise its cost to RM4.6 billion, a person with firsthand knowledge on the matter says. … Continue reading klia2 contractors claim RM250 million more

3 July 2013 The low-cost carrier terminal (LCCT) in Sepang is little more than a ‘Bus stop’ or pasar malam, which is why the new airport, klia2, has to be completed as soon as possible, say tour agencies. Out in the open: Foreign tourists running for shelter after getting caught in the rain at LCCT, … Continue reading It’s time to depart ‘bus stop’ in Sepang

3 July 2013 Tony Pua, DAP’s national publicity secretary, today urged acting Transport Minister Datuk Seri Hishamuddin Hussein to set up an independent committee to probe the delays in the completion of klia2. At a press conference in Parliament, Pua said the Transport Ministry has to be responsible towards “the klia2 scandal” in view of … Continue reading Transport Ministry urged to probe klia2 delay

2 July 2013 A huge sign on the control tower of klia2 in Sepang proudly proclaims that it was constructed “in 10 months”. However, the contractors apparently forgot about the rest of the project. The completion of the airport has been delayed five times and many doubt that the contractors can meet the new opening … Continue reading Doubts over klia2 contractors meeting next year’s deadline

1 July 2013 Malaysia Airports Holdings Bhd (MAHB) is on track to achieve a 7% increase in passenger movement this year to 43 million from 39.8 million in 2012. Senior general manager of operations services, Datuk Azmi Murad said for the first six months of 2013, KLIA registered a 9% total growth in passenger movement … Continue reading Malaysia Airports on track for 7% passenger movement rise

29 June 2013 BY CHOONG EN HAN IN the game of corporate “tai chi”, or the skill to push responsibility over to another party, it is a never ending game. Part of the incomplete klia2 main terminal Some have honed the skill to an art form. In the case of the public spat between Malaysia … Continue reading The blame game of klia2

29 June 2013 MALAYSIA Airports Holdings Bhd (MAHB) is adamant on its decision to slap the main contractor of klia2 – UEM-Bina Puri JV – with the liquidated and ascertained damages (LAD) fine. MAHB operations senior general manager Datuk Azmi Murad tells StarBiz that the LAD has already been imposed and that the airport operator … Continue reading MAHB adamant about LAD fine

28 June 2013 BY CHOONG EN HAN The unfinished taxiway of klia2. Tee (inset) says there have been many last-minute requests and additional changes made by stakeholders of the new airport. UEM-Bina Puri JV, the main contractor of klia2, is appealing against the liquidated and ascertained damages (LAD) fine slapped on it by Malaysia Airports … Continue reading Main contractor of klia2 to appeal fine for delay

28 June 2013 Malaysia RAM Ratings says the delay in the completion of the new low-cost carrier terminal, klia2, will have no impact on Malaysia Airports Holdings Berhad‘s AAA credit profile. The group had announced in early May 2013 that the main contractor would be unable to complete klia2’s main terminal building as per the … Continue reading Delay in klia2 completion not expected to impact MAHB ratings

27 June 2013 YTL Corp Bhd is in talks with Spanish manufacturers to buy up to four train sets worth some RM150 million to serve the Kuala Lumpur International Airport 2 (klia2), sources said. The company has a 30-year concession, held via 50 per cent-owned unit Express Rail Link Sdn Bhd (ERL), to operate the … Continue reading YTL in talks with Spanish train manufacturers for klia2

26 June 2013 RAM Rating Services said the delay in the completion of klia2, the new low-cost carrier terminal (LCCT), will affect Malaysia Airports Holdings Bhd‘s (MAHB) AAA credit profile. Below is the statement issued by the ratings agency on Wednesday: The Group had announced in early May 2013 that the main contractor would be … Continue reading MAHB’s AAA credit profile unaffected by klia2 delay

25 June 2013 "FOOL me once shame on you, fool me twice shame on me" – a very apt adage to describe the goings-on at klia2 in Sepang. According to a source, AirAsia Bhd has again changed its mind on what it wants in klia2. The main tenant of the country’s first permanent low-cost carrier … Continue reading Name and bill those behind klia2 delays

21 June 2013 A total of 212 non-compliance reports (NCR) has been lodged by Malaysia Airports Holdings Bhd (MAHB) against the contractors of klia2 for unsatisfactory works that must to be rectified before the airport is handed over by April 30 next year or further penalties will be imposed against them. For now the main … Continue reading 212 reports against contractors of klia2, says MAHB

21 June 2013 “The government is looking to what went wrong and we will investigate if need be,” one government official tracking the project told The Edge Review. He declined further comment. Poor building design and soil conditions is the cause of repeated delays for Kuala Lumpur’s new RM4 billion budget airport, which has doubled … Continue reading Design, poor soil conditions blight KL’s new budget airport

20 June 2013 Written by Tony Pua Malaysia Airports (MAHB) has finally conceded that the klia2 project is severely delayed has the new date set is 12 months later than the last confirmed completion date at 30 April 2014. It was only on 8 March 2013 when Faizah Khairuddin, the MAHB general manager told the … Continue reading klia2: Shocking 12-mth extension shows ‘dirt’ exposed

19 June 2013 The opening of a new airport to accommodate budget carriers has been delayed until next year because of design changes and other construction setbacks, Malaysia’s airport operator says. Malaysia Airport Holdings Berhad said late Tuesday that the contractors for the terminal building of the new airport, who previously said the facility would … Continue reading Malaysia budget airport launch pushed to May 2014

19 June 2013 Joint venture (JV) partners UEM Construction Sdn Bhd and Bina Puri Holdings Bhd, the sole contractor for klia2 to be slapped with liquidated ascertained damages (LAD), is not saying whether it will pay up, insisting that it will revisit the matter separately upon handing over the project to Malaysia Airports Holdings Bhd … Continue reading UEM-Bina Puri JV will revisit LAD once job done

19 June 2013 The new low- cost carrier terminal (LCCT), klia2, whose opening has been deferred a few times, has now been scheduled for a May 2, 2014 opening. The new date comes a day after Malaysia Airports Holdings Bhd (MAHB) imposed liquidated ascertained damages (LAD) on its main contractor, UEMC-Bina Puri JV. In a … Continue reading It’s May 2014 now

19 June 2013 Malaysia Airports Holdings Bhd (MAHB) has announced a revised opening date for klia2 – May 2, 2014. The airport operator said it had received confirmation from the contractors of the terminal building – the UEMC-Bina Puri joint venture – that construction would be completed on April 30, 2014, including the securing of … Continue reading MAHB sets May 2, 2014 as klia2 revised opening date

19 June 2013 The main contractor for the terminal building, UEMC-BP JV has confirmed that the completion date will be April 30 2014. The Kuala Lumpur International Airport 2 (klia2)? new opening date is May 2 2014, Malaysia Airports Holdings Bhd said yesterday. It said in a statement that the main contractor for the terminal … Continue reading klia2 new launch date on May 2 next year

19 June 2013 Budget airline AirAsia Bhd wants no more delays in the opening of klia2, the new low-cost carrier terminal. Its CEO Aireen Omar said news of the 11-month delay in the opening of the new airport, from the target date of June 28, was not a surprise for the frills-free carrier, as it … Continue reading Delays in klia2 opening affecting AirAsia’s expansion plans

18 June 2013 Malaysia Airports Holdings Bhd (MAHB) has imposed daily damages of about RM200,000 on the UEM Construction-Bina Puri joint venture (UEMC-BP JV) for not completing its work on the Kuala Lumpur International Airport 2 (klia2) on time. The airport operator told Bursa Malaysia yesterday that it had issued certificate of noncompletion (CNC) to … Continue reading MAHB imposes penalties on UEMC-BP

18 June 2013 Malaysia Airports Holdings Bhd (MAHB), which had warned earlier this month that contractors causing the delay in the completion of klia2 in Sepang would have to pay liquidated damages, has slapped its first liquidated ascertained damages (LAD) claim on UEMC-Bina Puri Joint Venture (JV), amounting to RM199,445.40 per day. The JV, comprising … Continue reading MAHB slaps claim on UEMC-Bina Puri JV

18 June 2013 Malaysia Airports Holdings Bhd (MAHB) will start imposing liquidated and ascertained damages (LAD) of RM199,445.40 per day on UEMC-Bina Puri JV, the contractor of the main terminal building of klia2. In a filing with Bursa Malaysia, the airport operator said it had issued the Certificate of Non-Completion to UEMC-Bina Puri for its … Continue reading MAHB to impose penalties on UEMC-Bina Puri for KLIA2 delay

17 June 2013 Chong Kian Fah WCT Bhd, one of the contractors which has come out to say it’s not to be blamed for the latest delay in the opening of the new low-cost carrier terminal in Sepang (klia2), will seek compensation from Malaysia Airports Holdings Bhd (MAHB) over the delay, said its head of … Continue reading WCT to seek compensation from MAHB

14 June 2013 AirAsia Bhd has asked the Government to set up an independent body to probe the much-delayed construction of the new low-cost airport, klia2. Chief executive officer Aireen Omar said that an independent body should evaluate three key points regarding the project the current progress of the project, when it can be completed … Continue reading AirAsia calls for independent probe in the delay

14 June 2013 AirAsia has asked Malaysian Airports Holdings Berhad (MAHB) to reveal klia2‘s completion date, following claims that the budget airline was to blame for the terminal’s delay. AirAsia Bhd CEO Aireen Omar was worried that unless this was announced, more “finger-pointing” would occur. “As a party which will ultimately occupy and operate from … Continue reading AirAsia: Reveal klia2’s take-off date

11 June 2013 Ready to compromise on the reported delay in the opening of klia2, frills-free carrier AirAsia Bhd is now urging Malaysia Airports Holdings Bhd to issue a definite delayed opening date of the new low-cost airport. AirAsia Chairman Datuk Aziz Bakar said Malaysia Airports, as the airport operator, has the responsibility to notify … Continue reading Reveal klia2’s delayed opening date, MAHB urged

8 June 2013 RM268.8m JOB: Company says 80pc of work already completed KUB Malaysia Bhd said yesterday Malaysia Airports Holdings Bhd (MAHB) has not revoked its contract for the Kuala Lumpur International Airport 2 (klia2) project in Sepang, Selangor. The company was responding to a report issued by the research unit of Maybank Bhd. “KUB … Continue reading KUB denies klia2 deal terminated

8 June 2013 By Yong Yen Nie The Straits Times Saturday, Jun 08, 2013 THE opening of Malaysia’s new budget terminal, which can handle 45 million passengers a year, will be delayed by more than six months from its end-June target date, two research houses said. Thanks to frequent design changes, the RM4 billion (S$1.6 … Continue reading New KL budget terminal faces delay, cost overruns

7 June 2013 The Finance Ministry has extended Tan Sri Bashir Ahmad’s contract as Malaysia Airports Holdings Bhd‘s (MAHB) managing director for another year, as the airport operator battles a fresh round of issues surrounding the development of klia2. The delay in the completion of klia2 and the potential cost overuns to be incurred has … Continue reading Bashir to stay on for another year: MAHB

7 June 2013 Leading local halal food and beverage (F&B) group, Brahim’s Holdings Bhd, expects its F&B division to contribute between 10% and 20% next year towards the group’s revenue following the opening of Kuala Lumpur International Airport 2 (klia2). Executive chairman Datuk Ibrahim Ahmad Badawi said the company would enlarge its footprint in the … Continue reading Opening of klia2 to boost Brahim’s revenue

6 June 2013 Malaysia Airports Holding Bhd (MAHB) has clarified that extensions have been granted to contractors, which had already accounted for all the changes requested from all stakeholders of klia2 up to now. However, MAHB is of the view that there is no justification for any further extensions and therefore Liquidated Ascertained Damages (LAD) … Continue reading MAHB: Extensions granted but it says no justification for delay

6 June 2013 There is no justification for any further extension of Kuala Lumpur International Airport 2 (klia2) and therefore liquidated ascertained damages will apply, said Malaysia Airports Holdings Bhd (MAHB). In a statement today, MAHB said it would continue to work closely with the affected contractors to resolve their problems in the most amicable … Continue reading No justification for any further extension of klia2: MAHB

6 June 2013 Contractors who fail to meet the existing deadline to complete their works for klia2 project will be penalised. In a statement yesterday, Malaysia Airports Holdings Bhd (MAHB) said it would not grant any extension of time for contractors to complete the klia2 project; and therefore liquidated ascertained damages (LAD) will apply to … Continue reading No extension for klia2 contractors

6 June 2013 Too much focus on the completion date of Malaysia Airports Holdings Bhd‘s (MAHB) new low-cost carrier klia2 has overshadowed MAHB’s solid fundamentals, according to Maybank Investment Bank Research. The research house pointed out that KLIA was in fact the fastest growing Asia-Pacific airport in the first quarter 2013 and was likely to … Continue reading Delay in klia2 overshadows MAHB’s solid fundamental

6 June 2013 Malaysia Airports Holdings Bhd (MAHB) fell 1.13% yesterday on talk of additional cost overruns to the tune of RM400 million for its klia2 project. The stock closed at RM6.12, a 7-sen drop from RM6.19 sen with 1.3 million shares done. Maybank Investment Bank Research (Maybank IB) said in a report yesterday the … Continue reading klia2’s cost may hit RM4.3 billion: Maybank IB

6 June 2013 Malaysia Airports Holdings Bhd (MAHB) has granted an extension to the contractors of the klia2 low-cost airport project, which accounted for all the changes requested from all the stake holders. MAHB said that the cause for the delay, despite repeated commitments, was due to insufficient resources to complete the work according to … Continue reading MAHB: klia2 delays due to insufficient resources

5 June 2013 Bina Puri Holdings Bhd’s portion in the Kuala Lumpur International Airport 2 (klia2) construction project is 93% completed and it believes it could finish the job in the fourth quarter this year. Tee (left) and Bina Puri CFO David Lee at the fund managers’ briefing in Kuala Lumpur yesterday. The construction group … Continue reading Bina Puri applies for time extension

5 June 2013 Malaysia Airports Holdings Bhd (MAHB) has taken pains to reiterate its stand to seek damages from contractors who have breached their contractual obligations, even as one of its main contractors, Bina Puri Holdings Bhd, says it is confident it will not be made to pay. In a rare show of defence, MAHB … Continue reading MAHB sticks to stand on klia2 delay

5 June 2013 AirAsia Bhd, which will be the biggest user of klia2, is disappointed with the delay in opening the new low-cost carrier terminal (LCCT) said CEO Aireen Omar. The new LCCT was scheduled to open later this month. Aireen, who took over the helm from Tan Sri Tony Fernandes in June last year, … Continue reading AirAsia disappointed with klia2 delay

5 June 2013 By Tony Pua Finally after months of blatant denials, Malaysia Airports (MAHB) has finally conceded that the klia2 is severely delayed. The current klia2 airport contract was scheduled to be completed by September 2011 but has been delayed at least 7 times since then. MAHB however now claimed that the delays plaguing … Continue reading klia2 blame game, admission of delay not enough: Tony

5 June 2013 Tony Pua accused Bashir, who has led the listed firm MAHB for nine years, of failing to manage the klia2 project competently. Malaysia Airports Holdings Bhd (MAHB) should take full responsiblity for the repeated delays on the klia2 project which had ballooned in cost, DAP’s Tony Pua has said when commenting on … Continue reading Pua: MAHB must take responsibility for klia2 delay

5 June 2013 By TEE LIN SAY AirAsia Bhd will not be affected by the delay in the opening of klia2, as it has been expected and it has a backup plan to ensure that the impact from the delay will be minimised, said AirAsia chief executive officer Aireen Omar. “It (Malaysia Airports Holdings Bhd) … Continue reading AirAsia has Plan B on klia2 opening delay

4 June 2013 The opening of the new low cost carrier terminal klia2 in Sepang may be delayed for more than six months until the first quarter of 2014 (Q1 2014), despite completion of the terminal building which is expected within two months, said Alliance Research. The research house said in a report yesterday that … Continue reading klia2 may open in Q1 2014, says Alliance