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PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) share price fell 4% to RM7.26 on news of CEO Raja Azmi Raja Nazuddin departing his role on Monday.
KUALA LUMPUR: The year saw the country’s aviation sector square up to a string of challenges such as overcapacity in the region, rising cost, air-safety rating downgrade, airport system malfunction coupled with slower economic growth and volatile foreign exchange rate.
KUALA LUMPUR: The country’s air passenger traffic is expected to grow by 5% to 6%t next year, driven by Visit Malaysia 2020 and a 3.2% year-on-year (y-o-y) increase in domestic seat capacity growth, according to the Malaysian Aviation Commission (Mavcom).
KUALA LUMPUR: The Malaysian Aviation Commission (MavCom) forecasts passenger traffic in 2020 to grow between 5% and 6% next year or to between 114.9 million and 116.0 million passengers.
KUALA LUMPUR: Investors should take the opportunity to accumulate shares in Malaysia Airports Holdings Bhd given its current low valuation, says RHB research.
KUALA LUMPUR: Low-cost airline AirAsia has launched a petition to protest the RM23 additional passenger service charge (PSC) for passengers travelling beyond Asean from RM50 to RM73 per person.
PETALING JAYA: AirAsia Group Bhd will collect the increased passenger service charge (PSC) levied by Malaysia Airports Holdings Bhd (MAHB) from midnight tonight under protest.
KUALA LUMPUR: AirAsia will collect the increased passenger service charge (PSC) levied by Malaysia Airports Holdings Bhd (MAHB) from midnight tonight under protest.
KUALA LUMPUR: AirAsia Bhd and AirAsia X Bhd will be appealing against the High Court ruling which required them to pay the outstanding passenger service charges (PSC) to Malaysia Airports (Sepang) Sdn Bhd (MASSB). In a statement issued yesterday, both airlines said they were taken aback by the court ruling which dismissed their application to strike out the PSC payment.
KUALA LUMPUR: Low-cost airline AirAsia says it is seeking partnerships and not rivalry in Malaysia Airports Holdings Bhd (MAHB) and the Malaysian Aviation Commission (Mavcom).