Mavcom-CAAM merger is unrelated to sale of MAHB shares


Transport Minister Anthony Loke Siew Fook

KUALA LUMPUR: Transport Minister Anthony Loke Siew Fook has refuted allegations that the merger of the Malaysian Aviation Commission (MAVCOM) and the Civil Aviation Authority of Malaysia (CAAM) is intended to ease the sale of Malaysia Airport Holding Bhd (MAHB) shares.

The minister said MAVCOM’s powers will remain unchanged until its dissolution, which is expected to occur six to nine months after the passing of the Malaysian Aviation Commission (Dissolution) Bill 2024 and the Civil Aviation Authority of Malaysia (Amendment) Bill 2024.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Cypark fully redeems Tranche 1 perpetual sukuk musharakah worth RM235mil
Pharmora raises Apex Healthcare stake to 94.94% in takeover offer
Genting Vista issues RM3bil unrated medium-term notes
Ringgit ends firmer vs US$, major currencies
Late buying lifts Bursa Malaysia's key index to close firmer
HeiTech Padu to supply ICT equipment to Hospital Miri for RM17.62mil
TT Vision unit bags contracts valued at combined RM7.11mil
Shareholders approve all resolutions at Propel Global EGM
Economist Madeline Berma passes away
Gold bounces from two-week low as thin trade sparks volatile moves

Others Also Read