Malaysian airport operator MAHB saw the number of cargo flights jump year on year for the month of June as travel restrictions continued to curtail passenger traffic. MAHB recorded 187,000 passengers in June, down 57.1 percent from the same month last year, amidst the decline seen at Kuala Lumpur International Airport (KUL) and other local airports it operates. Cargo flights for the month jumped threefold over pre-Covid levels, MAHB noted. Cargo movements, meanwhile, were up 26.4 percent … [Read more...] about KLIA welcomes new cargo airline; air cargo traffic up in June
MAHB
MAHB rights issue to fund airport purchase
Malaysia Airports Holdings Bhd (MAHB) said it will launch a rights issue to fund its EUR€285 million (approximately US$355 million) purchase of the remaining 40 per cent of Istanbul Sabiha Gökçen airport it does not own. To finance the acquisition, the Malaysian airport operator will issue rights for 274.8 million new shares. It hopes to complete the exercise by the first quarter of next year. … [Read more...] about MAHB rights issue to fund airport purchase