The Malaysia Airports Holdings Berhad Group (the Group) reported its financial results for the period ending 30 September 2022 (9M22), reporting Earnings Before Interest Taxes, Depreciation and Amortisation (EBITDA) of RM860.0 million on the back of RM2.12 billion revenues, or 89.4% higher compared to the revenues for the same period last year (9M21).
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has sought the Malaysian government to "structure better terms” to increase domestic and foreign direct investments which pertain to the remaining short tenure of the land lease.
MALAYSIA has made big strides over the past few years to become a thriving business aviation destination, and today, it finds itself in an enviable position, handling the most number of business jets in Southeast Asia. In Asia-Pacific, Malaysia has the fifth largest business aircraft fleet, behind China, Australia, India and Hong Kong.
And prospects remain bright. According to market research firm MarketsandMarkets Research Pvt Ltd, the global business jet market is projected to grow from US$18.8 billion (RM77.3 billion) in 2020 to US$38 billion by 2030 at a compound annual growth rate of 7.3% during the forecast period, with Asia-Pacific remaining one of the world’s largest markets.
Prospects remain bright for business aviation in Malaysia even as commercial sector languishes msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
(MAHB) is eyeing a total investment of RM1.3bil for Subang Airport’s regeneration development (SZB) that will transform it from an airport operator to an ecosystem master developer and aviation hub in the Asia-Pacific.
KLIA Aeropolis Sdn Bhd head Randhill Singh (pic) said RM300mil would be needed for the common infrastructures and RM1bil for building lettable facilities such as hangers; factories; maintenance, repair and operations (MRO); and workshops.
He said SZB would leverage the same global technology platforms and vendors used in KL International Airport (KLIA) to have access to global practices and standards.
“It is imperative for Malaysia to consolidate its position as a hub across these segments – business and commercial aviation, helicopter ecosystem, air cargo and e-commerce logistics, centre of aviation new technologies, aerospace manufacturing and MRO – in the region.