A deal that’s now up in the air

View of an airplane parked at an airport during sunset bright light shine and clouds in the sky.

IN May last year, this column took the view that the offer price for the proposed privatisation of Malaysia Airports Holdings Bhd (MAHB) by the consortium Gateway Development Alliance Sdn Bhd (GDA) was attractive, judging by historical standards, but may not be so when compared with regional peers.

At the same time, there were many positive factors that MAHB was riding on, including the soon-to-be-completed aerotrain project, the new baggage handling system, the extended concession period up to February 2069, and the new passenger service charge (PSC).