Cabinet agreement for Malaysia Airports' restructuring plan just as competing private LCCT announced
Malaysia Airports Holdings Berhad (MAHB) has received long-awaited approval from the Malaysian Cabinet for its financial restructuring plan. Under the approved plan, MAHB will pay the government a sum of MYR1.01 billion (approximately USD290 million), comprised of MYR508 million (approximately USD146 million) cash, with the remaining amount to be set off against capital expenditure projects, which include upgrading works at the Low Cost Carrier Terminal and aero-train at Kuala Lumpur International Airport (KLIA). The restructure will also establish the framework for the review of aeronautical charges.
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