MAHB's OA extended until Feb 2069
Published on: Saturday, April 13, 2019
By: Bernama
Kuala Lumpur: Malaysia Airports Holdings Bhd’s (MAHB) operating agreements (OA) has been extended until Feb 11, 2069.In announcing the news at the Parliament earlier Friday, Transport Minister Anthony Loke said the extension replaced the airport operator’s previous two OAs signed on Feb 12, 2009 with four new OAs – OA for KLIA, Sarawak and Sabah airports, as well as for designated airports in Peninsula Malaysia.
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Group Chief Executive Officer Raja Azmi Raja Nazuddin said the announcement signified the trust that the government has in MAHB to contribute towards the Malaysian aviation industry’s growth and the country’s economic development.
“We are fully committed to continue developing Malaysia as a strong aviation hub within the region,” he said in a statement.
Raja Azmi said the new OAs included the clustering of airports according to regions to ensure that the operation and management of airports in Malaysia can be made more sustainable in the long term.
“The framework of the new OAs will also provide greater flexibility to MAHB in undertaking the necessary development projects or initiatives aimed at improving airport infrastructure and services while providing the government with better revenue.
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