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Monday, May 10, 2021

MAHB pleads with govt to jettison Subang airport takeover

 


Malaysia Airports Holdings Bhd has urged the government to review any plans to sell off Sultan Abdul Aziz Shah Airport (Subang airport) to the private sector.

In a statement today, MAHB chairperson Zambry Abd Kadir said the company has a good track record of managing 39 airports in Malaysia and an airport in Turkey - some of them award-winning.

He said Subang airport should not be sold because it is a strategic asset for the country and has historical value.

Additionally, Zambry said, MAHB was already in the midst of drafting the Subang Airport Regeneration Master Plan.

"Therefore, any effort to allow the private sector to manage it should be reconsidered, including from a security and defence standpoint.

"I am confident that after considering the views of MAHB and related agencies, the government will not sacrifice a national strategic asset," he said.

MAHB's primary stakeholders are three government-controlled funds - Khazanah Nasional Bhd, Employees Provident Fund and Retirement Fund Inc (Kwap) - which collectively own 53 percent of the company as of the end of 2020.

Subang Skypark Sdn Bhd, a fully-owned subsidiary of WCT Holdings, has submitted a bid to take over Subang airport. Tycoon Desmond Lim controls WCT Holdings.

After the proposal was exposed, the Transport Ministry said that the cabinet would make a final decision. - Mkini

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