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Tuesday March 13, 2007

MAHB retail revenue plan on hold

DUBAI: Malaysia Airports Holdings Bhd (MAHB) may have to put on hold its plans to increase retail revenue as the proposed retail renovation plan at KL International Airport (KLIA) has been deferred to next year, managing director Datuk Seri Bashir Ahmad said. 

He said the Government had instructed that major renovations at KLIA be put on hold, given the Visit Malaysia Year 2007. 

“We expected the retail reconfiguration plan to increase retail space by 30%, which translates to a 30% increase in revenue,'' he said. “The whole programme was to have taken 18 months and we were ready to start this year.” 

Bashir was speaking to Malaysian reporters on a media trip to the Airports Council International-organised Airport Business & Trinity Forum 2007 here.  

The three-day event, attended by more than 200 industry players, ends today. 

Bashir Ahmad having a discussion with Airport Council International (ACI) director-general Robert J. Aaronson.
Currently, retail revenue accounts for about 35% of MAHB's total revenue while the balance is contributed by aeronautical operations. 

Bashir said the deferred renovation plan meant the full impact would only be felt in 2010. 

Nonetheless, MAHB would continue to improve on “what we have at present”, he said.  

The company has identified some additional retail space at the contact pier and main terminal and is in discussion with consultants on how best to maximise the space. But this too will be implemented next year. 

The airport operator also expects upgrading works at the low-cost carrier terminal to be completed by August to cater to AirAsia Bhd’s long-haul flights. The expansion would increase retail space by 20%, he added. 

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