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MAHB gears up for pre-Covid recovery by 2023 - Vimarsana News

MAHB gears up for pre-Covid recovery by 2023

PETALING JAYA: As Covid-19 continues to force most international borders shut, Malaysia Airports Holdings Bhd (MAHB) is taking the opportunity to upgrade its facilities and to gear up towards the expansion of its airports, especially KLIA. The group is planning to stretch KLIA’s current capacity of 30 million passengers per annum to 50 million. The number of passengers handled by the airport was already beyond capacity before Covid-19 struck. MAHB’s plans were in line with its expectations of a return in passenger traffic to pre-pandemic levels by 2023 or 2024. It has earmarked RM400mil ...

MAHB earmarks RM400mil for capex - Vimarsana News

MAHB earmarks RM400mil for capex

(MAHB), which went on an aggressive cost-cutting mode last year, has earmarked RM400mil for capital expenditure this year as it gears up for an air travel recovery by 2023. Among plans in the pipeline are big-ticket items such as the upgrading of its baggage handling system (BHS) and the replacement of aerotrains at the Kuala Lumpur International Airport (KLIA). Its longer-term plan would be to stretch KLIA’s current capacity of 30 million passengers per annum to 50 million. This is part of the group’s five-year strategic plan where it will focus on survival for the first two years and r...