MAHB checkmates AirAsia X

Back against the wall: MAHB will potentially lose RM254mil in revenue a year, on a proforma basis assuming the hypothetical closure of AAX at the beginning of 2019. — Reuters

THE love-hate relationship between Malaysia Airports Holdings Bhd (MAHB) and AirAsia Group Bhd along with entities linked to the latter is no secret to those who watch the aviation industry closely.

The two, together with AirAsia’s long-haul arm AirAsia X Bhd (AAX), work on a symbiotic relationship, or so it seems.