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IT does not look like the fight between Tan Sri Tony Fernandes and Malaysia Airports Holdings Bhd (MAHB) is going to end any time soon. On Wednesday night, a day after MAHB explained why it would cost RM3.6bil to RM3.9bil to build KLIA2, AirAsia boss Fernandes fired yet another salvo. This time, his target was not the use of aerobridges, the high cost of KLIA2 or the MPs who questioned the AirAsia-MAS share swap. Instead, he was gunning for the rise in passenger service tax (PSC).
PETALING JAYA: Analysts have downgraded Malaysia Airports Holdings Bhd (MAHB) due to the higher costs that will be incurred by the company for the construction of KLIA2, the new low-cost air terminal taking shape next to KL International Airport.
SOMETIMES, the market should trust what a company is doing. The case in point is CIMB Group Holdings Bhd when it acquired PT Bank Niaga in Indonesia. The deal was first panned by investment analysts but as it turned out, it was one of the best deals done by the CIMB Group.
PETALING JAYA: AirAsia boss Tan Sri Tony Fernandes said the airline will not use aerobridges at KLIA2 even though airport operator Malaysia Airports Holdings Bhd (MAHB) will build them for the new low-cost air terminal.
PETALING JAYA: The new low-cost air terminal, or KLIA2, that is taking shape next to KLIA will nearly doubled its original size and will cost nearly twice its initial costing of RM2bil to between RM3.6bil and RM3.9bil.