X Close

Archives

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. 

 
AIRPORT :  [Stock Watch]  [News]

For latest Bursa Malaysia indices, charts and other information click here

advertisement

  1. Meet Kepler-186f: First exoplanet found to be 'almost like Earth'
  2. MH370 search: Next 48 hours crucial, says Hishammuddin
  3. Gobind: My father was a simple man, who enjoyed simple things
  4. Former police chief recalls fond memories
  5. Karpal Singh: He never feared defeat, says Guan Eng
  6. Karpal Singh, my loving husband
  7. MERS virus: 64 villagers from Kampung Bintang quarantined for a week
  8. Death of a hero, birth of a legend
  9. ‘Don’t play the fool’ and other quotes by Karpal Singh
  10. Michael — shy man whose care spoke volumes

advertisement

advertisement