MAHB slashes capex to RM320m to optimise cost


AS the COVID-19 pandemic left the global aviation industry in dire straits, Malaysia Airports Holdings Bhd (MAHB) has implemented a cost optimisation plan where its capital expenditure has been reduced to RM320 million from RM1.8 billion set earlier.

Group chief executive officer Datuk Mohd Shukrie Mohd Salleh said the plan will keep the airport operator stable for the next 18 months.

He said MAHB is taking steps to reduce operating costs, including revising operating hours and deferring several major infrastructure projects, including the expansion of the Penang International Airport.