More tie-ups: MIDF Research does not discount the possibility of more flight arrangements between MAHB and IndiGo Airlines, as the latter commanded a 43 market share in India.
PETALING JAYA: The deal to sell Malaysia Airports Holdings Bhd
’s (MAHB) stake in Hyderabad Airport to the airport’s majority shareholder, GMR Airports Ltd, may have lapsed, but this does not mean both companies will not re-look it, industry sources say.
Both parties have had a long relationship and while airport operator MAHB is keen to divest its stakes overseas to rebalance its portfolio and unlock the value of its investments, GMR Airports – a renowned airport operator in India – is best suited to increase its stake in the airport.
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