MAHB OPEN TO PART­NER­SHIPS

Air­port op­er­a­tor wel­comes any po­ten­tial party that can add value to its Turk­ish as­sets

New Straits Times - - Business -

MALAYSIA Air­ports Hold­ings Bhd (MAHB) is open to hav­ing part­ners who can add value to its wholly-owned Is­tan­bul Sabiha Gok­cen In­ter­na­tional Air­port (ISG).

Man­ag­ing di­rec­tor Datuk Badlisham Ghaz­ali said the com­pany had al­ready added value to the air­port by im­prov­ing its pas­sen­ger traf­fic from four mil­lion about seven or eight years ago to 29 mil­lion now.

“Be­ing the fastest-grow­ing air­port in Europe, it would cer­tainly draw a lot of at­ten­tion.

“But there is still a lot to be done, and we wel­come any po­ten­tial part­ners to add value to the air­port,” he said after launch­ing the Air­port@Com­mu­nity pro­gramme, here, yes­ter­day.

He did not com­ment on re­ports about MAHB’s plan to sell its stake in ISG, but re­it­er­ated that the com­pany would re­main ISG’s ma­jor share­holder.

He also de­clined to give a time frame for the sale plan.

On whether TAV Haval­i­man­lari Hold­ing AS was among firms that had ap­proached MAHB over a stake sale, Badlisham said: “We are friendly with a lot of peo­ple.”

TAV Haval­i­man­lari is the op­er­a­tor of Ataturk In­ter­na­tional, the largest air­port in Is­tan­bul.

On whether MAHB had asked any banks to play an ad­vi­sory role in the deal, he said an an­nounce­ment would be made at the right time.

“Cur­rently, we are happy to run the air­port on our own,” he added.

Mean­while, MAHB has al­lo­cated RM150,000 for its Air­port@ Com­mu­nity pro­gramme.

Of the amount, RM30,000 will be spent to re­pair three houses in the Sepang district. Ber­nama

BLOOMBERG PIC

Malaysia Air­ports Hold­ings Bhd man­ag­ing di­rec­tor Datuk Badlisham Ghaz­ali (in­set) says the com­pany has added value to the Is­tan­bul Sabiha Gok­cen In­ter­na­tional Air­port by im­prov­ing its pas­sen­ger traf­fic from four mil­lion about seven or eight years ago to 29 mil­lion now.

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