MRMA: Airport REIT a powerful way for govt to monetise assets

AirAsia Group Bhd will cease charging the RM3 fee for all flights departing from the Kuala Lumpur International Airport 2 (klia2) starting on Monday, in a move to keep air fares low.

KUALA LUMPUR: The proposed airport real estate investment trust (REIT) under Budget 2019 is a powerful way for the government to securitise and monetise its infrastructure assets, says the Malaysian REIT Managers Association (MRMA).

In a statement, MRMA said it would also be a strategic way to unlock the country's aviation infrastructure value, creating a sustainable structure to fund the airports' future capital expenditure and expansion as well as igniting capital market interest.