Category: 2013

How many klia2 delays can one stomach? Two, three, four? And how many are needed to get this giant structure completed? asked B.K. SIDHU… Continue reading klia2 delays – how many delays can one stomach?

On the topic of klia2 deadline, the UEM-Bina Puri Joint Venture says the klia2 terminal will be ready for the opening on May 2, 2014… Continue reading UEM-Bina Puri pledges klia2 deadline

21 June 2013 – The government is looking to what went wrong at the new budget airport and we will investigate if need be,” said one government official… Continue reading Design, poor soil conditions blight KL’s new budget airport

17 June 2013 – WCT Bhd will seek compensation from Malaysia Airports Holdings Bhd (MAHB) over the delay, said its head of corporate & finance Chong Kian Fah… Continue reading WCT to seek compensation from MAHB

1 June 2013 – The construction sector is undeniably challenging, especially when one is not always the main contractor of a project… Continue reading Bina Puri squeezed by tight margins in construction sector

16 May 2013 – Why does the Airport City / Aeropolis concept appeal to MAHB and Kuala Lumpur International Airport? Read this Q&A to find out more… Continue reading Investing in airports with the Airport City / Aeropolis concept

7 March 2013 – The terminal building at the new klia2 low-cost carrier airport has surpassed the 80% completion rate, says Malaysia Airports Holdings Bhd… Continue reading KLIA2 terminal building hits 80% completion rate

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 … 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 … 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 … 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 … 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 … Continue reading UEM Construction-Bina Puri JV To Complete klia2 Work On Time

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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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, … 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 … 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 … 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 … 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 … 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, … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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" … 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 … 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 … 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 … 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 … 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 … Continue reading Measures taken to deal with klia2’s delay

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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 – … 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 … 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 … 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 … 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 … 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 … 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 … Continue reading 212 reports against contractors of klia2, says MAHB

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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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 … Continue reading MAHB to impose penalties on UEMC-Bina Puri for KLIA2 delay

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, … 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 … 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 … 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 … 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 … 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 … 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 … 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 … 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, … 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, … 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, … 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 … 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 … 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 … 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 … 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 … 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 … Continue reading klia2 blame game, admission of delay not enough: Tony