Malaysia Airports Holdings Bhd (MAHB) will be launching its five-year plan, Runway to Success 2020 to chart its business directions for 2016-2020, reported .thestaronline.com.my
The Runway to Success is a follow through from the airport operator’s earlier five-year business plan, Runway to Success 2010-2014 which had seen MAHB become the world’s second largest airport group in terms of number of passengers handled (2015:112 million).
Chairman Tan Sri Dr Wan Abdul Aziz Wan Abdullah said in a statement the plan was centered on two main thrusts – to strengthen its core business and to expand and diversify its operations. In doing so, MAHB will focus on four strategic priorities – elevating KLIA as a preferred Asean hub; enhancing total airport experience for all its stakeholders, developing aeropolis as well as increasing its international footprint.
Malaysia Airports (Sepang) Sdn Bhd (MA Sepang) — which manages and provides airport-related services at the KLIA — entered into the AFA with KAFS on Sept 26, 2007, giving KAFS the 50-year rights to operate and maintain the KLIA aircraft fuelling system.
However, in February 2009, MA Sepang and the Government signed an operating agreement (OA) that gave MA Sepang the rights to operate and maintain the KLIA for only a period of 25 years. As a result, KAFS had alleged that MA Properties breached the AFA by entering into the OA, said MAHB in the announcement on Monday. According to airport operator, there have been unsuccessful attempts made to amicably settle the disputes and differences.