MAHB earmarks RM400mil for capex

Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said the first two years would revolve around asset replacement, which were critical to ensure that its business is ready when the traffic comes back.

PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB), which went on an aggressive cost-cutting mode last year, has earmarked RM400mil for capital expenditure this year as it gears up for an air travel recovery by 2023.

Among plans in the pipeline are big-ticket items such as the upgrading of its baggage handling system (BHS) and the replacement of aerotrains at the Kuala Lumpur International Airport (KLIA).