Malaysia Airports

Malaysia Airport’s new hub with Alibaba aims to bolster e-commerce, air cargo

by Payload Asia

The Cainiao Aeropolis eWTP Hub, Malaysia, a joint venture between Malaysia Airports and Alibaba, has officially started operations at Kuala Lumpur International Airport (KUL) and is expected to allow 24-hour delivery within the country. Formerly known as KLIA Aeropolis DFTZ Park, the e-fulfilment hub spans 60 acres (2.6 million sqft) with 1.1 million sqft of warehouse space and is expected to double KUL’s cargo volume to 1.4 million per year by 2029. Operated by Cainiao Smart Logistics … [Read more...] about Malaysia Airport’s new hub with Alibaba aims to bolster e-commerce, air cargo

Malaysia Airports launches new routes

by Payload Asia

Malaysia Airports kicked off yet another busy year with new routes launched by partner airlines in Y19Q1. These new routes are geared towards providing business travellers more options on connectivity while giving holidaymakers a variety of destinations to choose from.   On the international front, Citilink Indonesia started operating its Surabaya (SUB) – Kuala Lumpur (KUL) route in January this year. The daily service is operated via flight QG522 that departs SUB at 11.55am. Its … [Read more...] about Malaysia Airports launches new routes

MAHB rights issue to fund airport purchase

by Payload Asia

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