News


Update On the Extension of the Operating Agreement Between The Government Of Malaysia And Malaysia Airports Holdings Berhad (MAHB)

BackApr 12, 2019
Type Announcement
Subject OTHERS
Description

UPDATE ON THE EXTENSION OF THE OPERATING AGREEMENT BETWEEN THE GOVERNMENT OF MALAYSIA AND MALAYSIA AIRPORTS HOLDINGS BERHAD (MAHB)

We refer to the announcement dated 3 February 2017 in relation to the Extension of the Operating Agreements (OA) between the Government of Malaysia and Malaysia Airports Holdings Berhad (MAHB).

Further to the announcement above, MAHB wishes to announce that via a letter dated 10 April 2019 from Ministry of Transport, the Government of Malaysia has approved and granted MAHB the following:

  1. Extension of the OA for an additional thirty-five (35) years from the existing twenty-five (25) years up to 11 February 2069 giving the rights to MAHB to continue operating, managing and maintaining the existing 39 airports and short take-off landing airports (STOLport) in Malaysia for a total of 60 years from 12 February 2009.
  2. The current OA and Lease Agreements will be superseded and replaced with four (4) new OA which are the OA For KLIA, OA For Designated Airports in Peninsular Malaysia, OA For Sabah Airports and OA For Sarawak Airports (collectively known as “New OAs”) and new Lease Agreements, respectively.

 

Further announcement will be made once the New OAs and new Lease Agreements have been signed.

This announcement is dated 12 April 2019.

 

 


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 12 Apr 2019
Category General Announcement for PLC
Reference Number GA1-12042019-00028