Thursday, 06 May 2021 01:11 PM MYT
BY R. LOHESWAR
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KUALA LUMPUR, May 6 Businessman Tan Sri Desmond Lim is said to be planning a takeover of Subang Airport worth RM3.7 billion.
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The Vibes reported today that Lim the largest shareholder in his listed construction and property development group WCT Holdings Bhd will use its subsidiary company Subang Skypark Sdn Bhd (SSSB) to acquire and operate the airport until 2092.
Lim acquired a 60 per cent stake in SSBB in 2018 after buying over shares previously held by Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with the intentions of redeveloping the land surrounding Sultan Abdul Aziz Shah Airport in Subang.
Thursday, 06 May 2021 10:17 PM MYT
MAHB also said that views from airline regulators such as the Civil Aviation Authority Malaysia and the Malaysian Aviation Commission should be also taken into consideration before making any decision. Bernama pic
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KUALA LUMPUR, May 6 Malaysia Airports Holdings Bhd (MAHB) has stated that it is not uncommon for the market to submit proposals to the government on developing new airports or to take over an existing airport.
The airport operator said this in a statement today to clarify a circulating news report regarding the takeover of the Sultan Abdul Aziz Shah Airport (Subang airport) by a private business entity.
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.
KUALA LUMPUR (April 26): Malaysia Airports Holdings Bhd (MAHB) has announced the appointment of Berk Albayrak as the covering chief executive officer (CEO) to helm Istanbul Sabiha Gokcen International Airport (ISG) following the resignation of Ersel Goral effective April 27.
In a statement, it said Albayrak has had 11 years of working experience in ISG, including chief operating officer and, prior to this appointment, technical services director.
Previously, he was also the department manager for Limak and GMR Joint Venture, director of the construction division for DHMI Turkey and assistant project manager for Baki Group of Companies.
Albayrak is a civil engineer by profession.