MAHB to slash capex to RM320m this year

Passengers lining up at the check-in counter at the KLIA departure hall during the RMCO on June 19. IZZRAFIQ ALIAS/ The Star.

SEPANG: As the COVID-19 pandemic left the global aviation industry in dire straits, Malaysia Airports Holdings Bhd (MAHB) has implemented a cost optimisation plan where its capital expenditure (capex) has been reduced to RM320 million from RM1.8 billion set earlier.

Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said the plan will keep the airport operator stable for the next 18 months with a 20 per cent lower operating cost.