By Sharen Kaur
sharen@nstp.com.my
Published in NST on January 27, 2012
Bashir said as more and more airports get privatised, established airport operators like MAHB as well as those managing Changi and Frankfurt airports are looking at opportunites to be involved in the management and development of airports overseas.
“There is big potential in China and Indonesia and we are looking at growth in those areas. There are many airports that need upgrading. We think we could close two airport deals by year-end,” he said.
On funding for the potential concessions, Bashir said MAHB will use internally-generated funds. “The value is in the equity when you invest in an asset and we believe investing in airport concessions is a good deal although there is a long gestation period,” he told Business Times during a visit to Istanbul Sabiha Gökçen International Airport in Turkey on Tuesday.
“We think having two more airport concessions in our portfolio will be good for us. We are not looking at over-stretching ourselves and be debt-laden,” Bashir said.
MAHB, together with its consortium partners, currently holds four airport concessions overseas. They are Sabiha Gökçen, MALE International Airport in Maldives, Rajiv Gandhi International Airport in Hyderabad and Indira Gandhi International Airport in Delhi, India.
Among the four concessions, the airports making profits now are Rajiv Gandhi and MALE. Collectively, they are contributing less than eight per cent to group earnings, Bashir said.
He said MAHB is aiming for double-digit earnings’ contribution from its overseas operations within the next one to two years.
For the nine months ended September 30 2011, MAHB posted a net profit of RM278.2 million on revenue of RM1.92 billion.
sharen@nstp.com.my
Published in NST on January 27, 2012
 |
AIRPORT operator Malaysia Airports Holdings Bhd (MAHB) expects to close two new airport concession deals in Asia by the year-end in a drive to improve its earnings from overseas, its chief said.
Managing director Tan Sri Bashir Ahmad said MAHB is in preliminary discussions with local parties in China and Indonesia to form a consortium and bid for airport concessions in the two countries.
Bashir declined to reveal the parties involved. It is learnt that MAHB may rope in India’s GMR Group as its consortium partner. MAHB has been partnering GMR since 2002.
Managing director Tan Sri Bashir Ahmad said MAHB is in preliminary discussions with local parties in China and Indonesia to form a consortium and bid for airport concessions in the two countries.
Bashir declined to reveal the parties involved. It is learnt that MAHB may rope in India’s GMR Group as its consortium partner. MAHB has been partnering GMR since 2002.
Its most revent tie-up with GMR is to develop and manage a resort terminal in Maldives, which is set to be opened in 2014.
The two are managing and developing three other airports internationally.
The two are managing and developing three other airports internationally.
“There is big potential in China and Indonesia and we are looking at growth in those areas. There are many airports that need upgrading. We think we could close two airport deals by year-end,” he said.
On funding for the potential concessions, Bashir said MAHB will use internally-generated funds. “The value is in the equity when you invest in an asset and we believe investing in airport concessions is a good deal although there is a long gestation period,” he told Business Times during a visit to Istanbul Sabiha Gökçen International Airport in Turkey on Tuesday.
“We think having two more airport concessions in our portfolio will be good for us. We are not looking at over-stretching ourselves and be debt-laden,” Bashir said.
MAHB, together with its consortium partners, currently holds four airport concessions overseas. They are Sabiha Gökçen, MALE International Airport in Maldives, Rajiv Gandhi International Airport in Hyderabad and Indira Gandhi International Airport in Delhi, India.
Among the four concessions, the airports making profits now are Rajiv Gandhi and MALE. Collectively, they are contributing less than eight per cent to group earnings, Bashir said.
He said MAHB is aiming for double-digit earnings’ contribution from its overseas operations within the next one to two years.
For the nine months ended September 30 2011, MAHB posted a net profit of RM278.2 million on revenue of RM1.92 billion.
No comments:
Post a Comment