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SELAYANG: The main contractors for the new low-cost carrier terminal KLIA2, the UEM Construction Sdn Bhd-Bina Puri Holdings Bhd joint venture (JV), have completed 98% of their portion of the project.
KUALA LUMPUR: The move to equalise passenger service charges (PSC) between the Kuala Lumpur International Airport 2 (KLIA2) and KLIA will go a long way in ensuring fair play and prevent trade distortions between airlines operating at the two terminals.
PETALING JAYA: Two years since airport operator Malaysia Airports Holdings Bhd (MAHB) was tasked to build the permanent low-cost carrier terminal (LCCT) in Sepang now known as KL International Airport 2 (KLIA2), its holding company Khazanah Nasional Bhd has come out to say that the timely delivery of the airport is critical for the country's air transportation development.
KUALA LUMPUR: The International Air Transport Association (IATA) has expressed concern over the differences in passenger service charges (PSC) between KLIA and KLIA2, contending that the rates should be the same for both air terminals.
PETALING JAYA: The spat between airport operator Malaysia Airports Holdings Bhd (MAHB) and low-cost carrier AirAsia Bhd has reached a stage where both parties were showing documents to prove their case over the controversial upgrade of the low-cost air terminal - KLIA2.
KUALA LUMPUR: Low-cost carrier AirAsia is not obligated to collect airport tax for Malaysia Airports (Sepang) Sdn Bhd (MASSB) and it has refused to collect the additional charge from passengers on behalf of MASSB.
KUALA LUMPUR: Malaysia Airlines Bhd (MAS) Chief Executive Officer Peter Bellew has reiterated his call for airport passenger service charges to be the same at the Kuala Lumpur International Airport and KLIA2, saying the current charges are totally anti-competitive.
CIMB said it maintained its “neutral” rating for the sector and “add” call and discounted cash flow-based target price of RM9.35 for MAHB, its top pick. The re-rating catalysts for MAHB include higher retail income from KLIA2 and the potential tariff equalisation with the main terminal building (MTB).