MAHB pursues Turkish airport stake sale

Tay expected passenger traffic growth in 2018 to continue to benefit from stablisation of the operating environment for MAHB's unit, Sabiha Gokcen International Airport .

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) is actively scouting for suitable partners to buy a portion of its stake in Istanbul’s second-largest airport – Sabiha Gokcen International Airport (SGIA).

Analysts, who are expecting the sale to materialise by this year, said the move by the airport operator is seen as enhancing its Turkish airport’s prospects, and improving its earnings as well as cash flow. MAHB owns the entire equity stake in SGIA.