MAHB looking to extend concession with KAFS

AGM time: (from left) Badlisham, Wan Abdul Aziz and Raja Azmi at the airport operator’s AGM in Sepang.

SEPANG: Airport operator Malaysia Airports Holdings Bhd (MAHB) is looking to extend its concession agreement of 25 years with Petronas Dagangan Bhd’s (PetDag) unit Kuala Lumpur Aviation Fuelling System Sdn Bhd (KAFS) rather than paying the compensation of RM456mil detailed in the arbitration proceedings.

MAHB’s unit Malaysia Airports (Sepang) Sdn Bhd (MA Sepang) had entered into an airport facilities agreement with KAFS in Septemer 2007 to give it 50-year rights to operate and maintain the KL International Airport (KLIA) aircraft fuelling system.