Bumpy flights in airline industry

27 December 2016 A MAJOR highlight during the year for the airline industry was the announcement of the new Passenger Service Charge (PSC), previously known as “airport tax”, for all airports with effect from Jan 1 next year. The announcement came from the Malaysian Aviation Commission (Mavcom) on Oct 31, with the key feature of the … Continue reading Bumpy flights in airline industry

MAHB seeks RM298mil compensation from klia2 consultants

23 December 2016 Malaysia Airports Holdings Bhd (MAHB) has filed for arbitration against three consulting firms that were involved in the klia2 development project, seeking claims totalling as much as RM298mil plus interest. In three separate statements to Bursa Malaysia, MAHB said it had issued notices of arbitration to KLIA Consultancy Services Sdn Bhd (KLIACS), Straits … Continue reading MAHB seeks RM298mil compensation from klia2 consultants

Analysts maintain MAHB’s FY16, FY17 earnings forecasts

14 December 2016 Analysts have maintained earnings forecasts for Malaysia Airports Holdings Bhd’s (MAHB) financial year 2016-2017 (FY16-17) given that passenger growths in Malaysia and Turkey were in line with targets. In a filing to Bursa Malaysia, MAHB said its system of airports including Istanbul SGIA (ISG) recorded 9.8 million passengers in November 2016, a … Continue reading Analysts maintain MAHB’s FY16, FY17 earnings forecasts

Cops: Immigration staff worked with human traffickers

9 December 2016 More than 50 per cent of Immigration personnel manning Immigration counters at Kuala Lumpur International Airport and klia2 were replaced in recent months following elements of sabotage in the Malaysian Immigration system (myIMMs). Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi had, in a recent exclusive interview with Malay Mail, expressed concern over … Continue reading Cops: Immigration staff worked with human traffickers

MAHB expects Q4 results to soar

8 December 2016 MALAYSIA Airports Holdings Bhd (MAHB) expects to record strong fourth-quarter results this year and end the year on a positive note, encouraged by healthy passenger growth as well as airline arrivals. “We are optimistic about scoring solid results given that the fourth quarter is traditionally a good period when travel picks up,” … Continue reading MAHB expects Q4 results to soar