No compromise on klia2 safety

7 February 2014 The Government will not compromise on safety involving the klia2 project, Acting Transport Minister Datuk Seri Hishammuddin Hussein said. Stressing that the project was on track to meet its May 2 completion deadline, he rejected allegations that 65% of the main terminal did not comply with fire and safety standards. “We have … Continue reading No compromise on klia2 safety

RHB Research upgrades MAHB to Buy

28 January 2014 RHB Research has upgraded MAHB to Buy following the 11% stock retracement when it downgraded the company to Neutral. “However, the earnings cut reduces our fair value to RM9.80 based on 7.1% WACC,” it said on Tuesday. RHB said MAHB’s earnings missed estimates on higher-than-expected staff costs due to the additional staff … Continue reading RHB Research upgrades MAHB to Buy

MAHB 4Q profit falls 38% to RM49m

27 January 2014 Malaysia Airports Holdings Bhd (MAHB) final quarter net profit fell 38% to RM48.51 million from previous year’s corresponding quarter on lower construction income, higher staff cost, and more losses from its Turkish unit. A doubling to RM66.2 million in airport concession payment to the Malaysian goverment had also curbed MAHB’s profit. In … Continue reading MAHB 4Q profit falls 38% to RM49m

klia2 On Track For Certification

8 January 2014 The low-cost terminal, klia2, is likely to receive the Certificate of Completion and Compliance (CCC) by month-end, says acting Transport Minister Hishamuddin Hussein. He said overall, the airport was now 98% complete, and remains on track for the May 2 opening. “Upon obtaining the CCC, Operational Readiness and Airport Transfer (ORAT) tests … Continue reading klia2 On Track For Certification

klia2 now 98% completed

8 January 2014 klia2 is in need of a mere 2% of work to be completed before the much-anticipated new terminal is ready for full operation. Acting Transport Minister Datuk Seri Hishammuddin Hussein said it was expected to be ready on May 2. “The project is now 98% completed and all parties are working hard … Continue reading klia2 now 98% completed

klia2 on track to open on May 2

7 January 2014 The highly-anticipated new Kuala Lumpur International Airport 2 (klia2) is on track to open by May 2 this year. Acting Transport Minister Datuk Seri Hishammuddin Hussein said currently the target is for Malaysia Airports Holdings Bhd (MAHB) to receive the main terminal building (MTB) along with the Certificate of Completion and Compliance … Continue reading klia2 on track to open on May 2

Malaysian ‘air fare war’ coming to an end in 2014

2 January 2014 The Malaysian aviation sector has had a turbulent 2013 due to price war and overcapacity that decimated yields and profitability. While the industry is gradually improving, market players are more optimistic on the balanced capacity planning and deployment in 2014. Maybank Investment Bank Bhd’s research division (Maybank Research) highlighted that in the … Continue reading Malaysian ‘air fare war’ coming to an end in 2014