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Malaysia Airports Faces a Potential Takeover Following an Extension of its Operating Agreement
Justin Lee
May 28, 2024
© Ralff Nestor Nacor / Wikipedia
Malaysia Airports saw significant growth at airports in its network in 2023. Meanwhile, the Group faces a potential takeover by a consortium of local and foreign investors following the extension of the Operating Agreement allowing it to manage its airports in Malaysia until 2069.
The airports in the Malaysia Airports network handled 119.4 million passengers in 2023, an increase by 42.4% year-on-year. Apart from being 84.6% of 2019 levels, this was the first time since before the pandemic that the total figure had surpassed 100 million.
In Malaysia, passenger volumes reached 81.9 million, a year-on-year increase of 55.4%, which reached 77.8% of the pre-pandemic levels. International passenger traffic at Malaysia’s airports reaching 50% of 2019 volumes in the final quarter of 2023 and reached four million passengers in December for the first time since February 2020.
MAHB also saw 55% more airlines operating out of its network of local airports in 2023.
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